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Rejecting “Conventional” Wisdom: Estimating the Economic Impact of National Political Conventions

Robert Baade (), Robert Baumann () and Victor Matheson ()
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Robert Baade: Department of Economics and Business, Lake Forest College

No 804, Working Papers from College of the Holy Cross, Department of Economics

Abstract: This paper provides an empirical examination of the economic impact of the Democratic and Republican National Conventions on local economies. Our analysis from 1970-2005 of the 50 largest metropolitan areas in the country, including all cities that have hosted one of the national conventions during this time period, finds that the presence of the Republican or the Democratic National Convention has no discernable impact on employment, personal income, or personal income per capita in the cities where the events were held confirming the results of other ex post analyses of mega-events.

Keywords: conventions; impact analysis; mega-event (search for similar items in EconPapers)
JEL-codes: O18 R53 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
Date: 2008-04
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Published in Eastern Economic Journal, Vol. 35:4, Fall 2009, 520-530.

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http://college.holycross.edu/RePEc/hcx/Matheson-Baumann_Conventions.pdf (application/pdf)

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