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A Fall Classic? Assessing the Economic Impact of the World Series

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Author Info

  • Victor Matheson

    ()
    (Department of Economics, College of the Holy Cross)

  • Robert Baade

    ()
    (Department of Economics and Business, Lake Forest College)

Abstract

An empirical analysis of the economic impact of the Major League Baseball’s postseason on host-city economies from 1972-2001 suggests that any economic benefits from the playoff are small or non-existent. An examination of 129 playoff series finds that any increase ineconomic growth as a result of the post-season is not statistically significantly different than zero and that a best guess of the economic impact is $6.8 million per home game. As a general method of economic development, public support of a baseball team’s attempt to reach the World Series should be seen as a gamble at best.

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File URL: http://college.holycross.edu/RePEc/hcx/Matheson_WorldSeries.pdf
File Function: Revised version, 2005
Download Restriction: no

Bibliographic Info

Paper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 0501.

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Length: 44 pages
Date of creation: Feb 2005
Date of revision:
Handle: RePEc:hcx:wpaper:0501

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Fax: (508) 793-3708
Web page: http://www.holycross.edu/departments/economics/website/
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Keywords: baseball; impact analysis; World Series; sports; mega-event;

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References

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  1. Dennis Coates & Brad R. Humphreys, 1999. "The growth effects of sport franchises, stadia, and arenas," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 18(4), pages 601-624.
  2. Robert A. Baade & Victor A. Matheson, 2001. "Home Run or Wild Pitch?," Journal of Sports Economics, , vol. 2(4), pages 307-327, November.
  3. John J. Siegfried & Andrew Zimbalist, 2000. "The Economics of Sports Facilities and Their Communities," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 95-114, Summer.
  4. Robert Baade & Victor Matheson, 1999. "An assessment of the economic impact of the american football championship, the Superbowl, on host communities," IASE Conference Papers 9903, International Association of Sports Economists.
  5. Dennis Coates & Brad R. Humphreys, 2002. "The Economic Impact of Postseason Play in Professional Sports," Journal of Sports Economics, , vol. 3(3), pages 291-299, August.
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Cited by:
  1. Dennis Coates & Craig A. Depken, II, 2008. "Do College Football Games Pay for Themselves? The Impact of College Football Games on Local Sales Tax Revenue," Working Papers 0802, International Association of Sports Economists & North American Association of Sports Economists.
  2. Dennis Coates & Craig A. Depken, II, 2006. "Mega-Events: Is the Texas-Baylor game to Waco what the Super Bowl is to Houston?," Working Papers 0606, International Association of Sports Economists & North American Association of Sports Economists.

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