Valuing Casinos as a Local Amenity

Michael Wenz

Growth and Change, 2014, vol. 45, issue 1, 136-158

Abstract: This paper employs a Rosen–Roback model to evaluate the bottom line impact of casinos on quality of life and on business productivity in their local area. This approach provides a large practical improvement over the cost–benefit accounting style approach that dominates previous research on casino impacts. Additionally, this study extends the literature by distinguishing among casino types and finds different effects associated with Native American gaming, isolated non-Native American gaming, and competitive gaming towns. Two-stage least squares estimation suggests that casinos of all types do very little to affect household quality of life in either direction, although Native American casinos and gaming towns have generated positive business productivity effects. Isolated non-Native American casinos have not generated productivity effects, but the analysis shows that they could generate positive productivity effects if they located in less densely populated areas and if they are of sufficient size.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1111/grow.12036 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:growch:v:45:y:2014:i:1:p:136-158

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0017-4815

Access Statistics for this article

Growth and Change is currently edited by Dan Rickman and Barney Warf

More articles in Growth and Change from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().