Suggestions for the Needed Standardization of Determining the Local Economic Impact of Professional Sports

Robert Wassmer (), Ryan S. Ong and Geoffrey Propheter

Economic Development Quarterly, 2016, vol. 30, issue 3, 252-266

Abstract: An effort to secure a local government subsidy for a professional sports venue or event typically cites findings from a private consultant’s economic impact analysis on its purported benefits to the jurisdiction(s) offering the subsidy. Scholars have consistently expressed concerns regarding the ability of the public, and the officials that represent them, to detect the deficiencies that often plague such an analysis. The authors review the previous academic research to identify a common set of concerns regarding this form of analysis. These concerns are the basis for a list of 20 evaluative questions to consider in a critical assessment of an economic impact study. To illustrate the practicality of these questions, the authors ask them of previous studies regarding the economic impact of different professional sport venues or events in five different U.S. cities.

Keywords: economic impact; professional sports; critique (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecdequ:v:30:y:2016:i:3:p:252-266

DOI: 10.1177/0891242416636685

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