Tuesday, December 21, 2021

Striking out: estimating the economic impact of baseball's World Series

By Victor A. Matheson and Robert A. Baade. From International Journal of Sport Management and Marketing Vol. 3, No. 4.

"An empirical analysis of the economic impact of the Major League Baseball's post-season on host-city economies from 1972-2000 suggests that any economic benefits from post-season appearances are small or non-existent. An examination of 129 playoff series finds that any increases in economic growth as a result of the playoffs are not statistically significantly different than zero and that a best guess of the economic impact is $6.8 million per home game. As a general method of economic development, public subsidisation of a baseball team's attempt to reach the World Series in order to reap a city-wide financial windfall should be seen as a gamble at best." 

Related Posts:

The San Antonio Spurs And Federal Subsidies. (2016)

Even If You Don't Like Sports, You Might Be Paying For Them  (2011)

New York City Tax Payers To Pay $1 Billion To See Baseball (2008)

Does It Pay to Host the Olympics?  (2009)

As Covid-19 Closes Stadiums, Municipalities Struggle With Billions in Debt  (2020)

Economic benefits from mega-events like the Olympics are often overstated  (2021)

Do states with income taxes put their sports teams at a disadvantage?   (2021)

No comments: