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Estimating economic impact using ex post econometric analysis: Cautionary tales

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Author Info

  • Robert Baumann

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

  • Victor Matheson

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

  • Gordon Gekko

    (Wall Street)

Abstract

This paper provides an overview of techniques that can be used to estimate the economic impact of stadiums, events, championships, and franchises on local economies. Utilizing data from National Collegiate Athletic Association championships, this paper highlights the potential problems that can be made if city and time effects are not handled and unit-roots are not accounted for. In addition, the paper describes the technique for estimating dynamic panel data and the advantages that come with these modeling techniques.

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File URL: http://college.holycross.edu/RePEc/spe/MathesonBaumann_Econometrics.pdf
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Bibliographic Info

Paper provided by International Association of Sports Economists & North American Association of Sports Economists in its series Working Papers with number 1112.

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Length: 30 pages
Date of creation: May 2011
Date of revision:
Handle: RePEc:spe:wpaper:1112

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Web page: http://www.cdes.fr/index.php?id=fr69
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Web page: http://www.kennesaw.edu/naase
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Keywords: College sports; impact analysis; econometrics;

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Cited by:
  1. Kent Grote & Victor Matheson, 2013. "Should Gambling Markets be Privatized? An Examination of State Lotteries in the United States," Working Papers 1303, College of the Holy Cross, Department of Economics.
  2. Kent Grote & Victor Matheson, 2013. "The Impact of State Lotteries and Casinos on State Bankruptcy Filings," Working Papers 1302, College of the Holy Cross, Department of Economics.

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