Do local businesses benefit from sports facilities? The case of major league sports stadiums and arenas

Timur Abbiasov and Dmitry Sedov

Regional Science and Urban Economics, 2023, vol. 98, issue C

Abstract: We use daily mobile foot traffic data covering major league sports facilities and the surrounding commercial establishments in the US to pin down the size and the spatial distribution of foot traffic spillovers from sports facilities to local businesses. By employing the fixed effects and the IV estimation strategies, we show that the spillover benefits are heterogeneous across sports and business sectors. We find that 100 baseball stadium visits generate roughly 29 visits to nearby food & accommodation businesses and about 6 visits to local retail establishments. While the estimates for football stadiums are comparable, basketball & hockey arenas do not appear to generate significant spillovers for the surrounding businesses.

Keywords: Sports facilities; Spatial spillovers; Establishment-level data (search for similar items in EconPapers)
JEL-codes: H23 H71 R58 Z20 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:98:y:2023:i:c:s0166046222000916

DOI: 10.1016/j.regsciurbeco.2022.103853

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