The Unshakeable Belief in the Economic Impact of Sports

Nola Agha

A chapter in The Economic Impact of Sports Facilities, Franchises, and Events, 2023, pp 23-45 from Springer

Abstract: Abstract There are three problems with economic impact. First, it is an exceptionally complicated estimation problem full of assumptions and fraught with errors. Second, despite this weakness, it is treated as the de facto standard report for event bidders and stadium proponents. This has led to ubiquitous, unchallenged reporting of sports impact as unequivocally positive. Finally, as a result, the public now has an unwavering belief in the existence of positive economic impact from sports. Evidence from a longitudinal study of Super Bowl 50 supports this conclusion. If it is not possible to change the public belief in the meaning or usefulness of economic impact, the solution is to reframe the conversation in terms of financial and redistributive analysis.

Keywords: Economic impact; Financial impact; Redistribution; Sport impact; Super Bowl (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:semchp:978-3-031-39248-1_3

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DOI: 10.1007/978-3-031-39248-1_3

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