Economic Development Effects of Major and Minor League Teams and Stadiums
Nola Agha and
Daniel Rascher ()
Journal of Sports Economics, 2021, vol. 22, issue 3, 274-294
Professional teams and leagues claim new stadiums lead to economic development. To test this, we utilize data from the Census Bureau on net establishment and employment changes across 871 Metropolitan and Micropolitan Statistical Areas from 2004 to 2012. Difference-in-differences and panel data techniques allow for a cross-sectional and time series comparison for both teams and new stadia in both professional and development leagues. Nearly all results from hundreds of models are insignificantly different from zero. Results from between- and random-effects models suggest that teams move into markets that already have higher employment and establishment growth. (JEL R58, H71, L83, Z28)
Keywords: redevelopment; difference-in-differences; panel data; economic development; sports team entry; stadium construction (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:22:y:2021:i:3:p:274-294
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