Rejecting “Conventional” Wisdom: Estimating the Economic Impact of National Political Conventions
Robert A Baade (),
Robert Baumann () and
Victor Matheson ()
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Robert A Baade: Department of Economics and Business, Lake Forest College, Lake Forest, IL 60045 USA.
Authors registered in the RePEc Author Service: Arevalo Flores Victor, Jr.
Eastern Economic Journal, 2009, vol. 35, issue 4, 520-530
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.
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