Journal ArticleDOI
The effect of professional sports on earnings and employment in the services and retail sectors in US cities
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TLDR
The authors explored the impact of professional sports teams and stadiums on employment and earnings in specific sectors in US cities and found that professional sports have a small positive effect on earnings per employee in one sector, amusements and recreation, and an offsetting decrease in both earnings and employment in other sectors, supporting the idea that consumer spending on professional sports and spending in other sector are substitutes.About:
This article is published in Regional Science and Urban Economics.The article was published on 2003-03-01. It has received 177 citations till now. The article focuses on the topics: Earnings & Consumer spending.read more
Citations
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The Artistic Dividend: Urban Artistic Specialisation and Economic Development Implications
Ann Markusen,Greg Schrock +1 more
TL;DR: In this article, the authors take a labour-centred view of the arts economy, hypothesising that many artists choose a locale in which to work, often without regard to particular employers but in response to a nur...
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Toward a Distinctive Sport Management Discipline
TL;DR: The most common current legitimations for sport are health, salubrious socialization, economic development, community development, and national pride as discussed by the authors, which are useful starting points for research that is sport focused.
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The Olympic effect
Andrew K. Rose,Mark M. Spiegel +1 more
TL;DR: The authors show that hosting a mega-event such as the Olympic Games increases exports and this effect is statistically robust, permanent and large; trade is over 20% higher for host countries.
Journal ArticleDOI
Compensating differentials and the social benefits of the NFL
TL;DR: The authors used hedonic rent and wage equations to measure compensating differentials in central cities and metropolitan areas with franchises of the National Football League and found that sports franchises appear to be a public good.
Posted Content
Do Economists Reach a Conclusion on Subsidies for Sports Franchises, Stadiums, and Mega-Events?
Dennis Coates,Brad R. Humphreys +1 more
TL;DR: This paper reviewed the empirical literature assessing the effects of subsidies for professional sports franchises and facilities and found that sports subsidies cannot be justified on the grounds of local economic development, income growth or job creation, those arguments most frequently used by subsidy advocates.
References
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Likelihood ratio statistics for autoregressive time series with a unit root
David A. Dickey,Wayne A. Fuller +1 more
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A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test
G. S. Maddala,Shaowen Wu +1 more
TL;DR: The Im-Pesaran-Shin (IPS) test as discussed by the authors relaxes the restrictive assumption of the LL test and is best viewed as a test for summarizing the evidence from independent tests of the sample hypothesis.
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Spurious regressions in econometrics
Clive W. J. Granger,P. Newbold +1 more
TL;DR: In this paper, it is pointed out that it is very common to see reported in applied econometric literature time series regression equations with an apparently high degree of fit, as measured by the coefficient of multiple correlation R2 or the corrected coefficient R2, but with an extremely low value for the Durbin-Watson statistic.
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Trends and random walks in macroeconomic time series: Further evidence from a new approach
TL;DR: In this article, the authors present a summary of recent work on a new methodology to test for the presence of a unit root in univariate time series models, which is quite general.
Journal ArticleDOI
On bias, inconsistency and efficiency of various estimators in dynamic panel data models
TL;DR: In this article, the bias of the least square dummy variable (LSDV) estimator has been analyzed in the context of panel data with lagged dependent explanatory variables, and it has been shown that the conventional estimation procedures are asymptotically valid only when the number of observations in the time dimension (T) gets large.