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Rejecting “Conventional” Wisdom: Estimating the Economic Impact of National Political Conventions

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  • Robert A Baade

    () (Department of Economics and Business, Lake Forest College, Lake Forest, IL 60045 USA.)

  • Robert Baumann

    () (Department of Economics, College of the Holy Cross, Box 192A, Worcester, MA 01610-2395 USA.)

  • Victor A Matheson

    () (Department of Economics, College of the Holy Cross, Box 157A, Worcester, MA 01610-2395 USA.)

Abstract

This paper provides an empirical examination of the economic impact of the Democratic and Republican National Conventions on local economies. Our analysis from 1970–2005 of the 50 largest metropolitan areas in the country, including all cities that have hosted one of the national conventions during this time period, finds that the presence of the Republican or the Democratic National Convention has no discernable impact on employment, personal income, or personal income per capita in the cities where the events were held confirming the results of other ex post analyses of mega-events.

Suggested Citation

  • Robert A Baade & Robert Baumann & Victor A Matheson, 2009. "Rejecting “Conventional” Wisdom: Estimating the Economic Impact of National Political Conventions," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 35(4), pages 520-530.
  • Handle: RePEc:pal:easeco:v:35:y:2009:i:4:p:520-530
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    Citations

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    Cited by:

    1. Dennis Coates, 2012. "Not-So-Mega Events," Chapters,in: International Handbook on the Economics of Mega Sporting Events, chapter 23 Edward Elgar Publishing.
    2. Robert Baumann & Bryan Engelhardt & Victor Matheson, 2009. "Hail to the Chief: Assessing the Economic Impact of Presidential Inaugurations on the Washington, D.C. Local Economy," Working Papers 0901, College of the Holy Cross, Department of Economics.
    3. Jones, Calvin & Li, ShiNa, 2015. "The economic importance of meetings and conferences: A satellite account approach," Annals of Tourism Research, Elsevier, vol. 52(C), pages 117-133.

    More about this item

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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