A Fall Classic? Assessing the Economic Impact of the World Series
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.
|Date of creation:||Feb 2005|
|Publication status:||Published in International Journal of Sport Management and Marketing, Vol. 3:4, July 2008, pp. 319-334.|
|Contact details of provider:|| Phone: (508)793-3362|
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Web page: http://www.holycross.edu/departments/economics/website/
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