This paper explores the impact of professional sports teams on employment and personal income in U.S. central cities. We hypothesis, professional sports teams will have a positive economic impact on the city that hosts them, compared to a city without. Previous research focuses their efforts on this phenomenon but at a metropolitan area. We find that professional sports have a small positive impact on personal income, yet does not show this same impact with regards to employment. These inconsistencies do not allow us to fully explain whether or not professional sports franchises are worth the expenses to bring them to a city near you. This paper examines and uses theories regarding agglomeration economies, location amenities, and urban economic base models to test our hypothesis.
Ranck, Matthew, "Is It Worth It?: A Study of the Economic Impact Professional Sports Franchises have on a Community" (2013). Senior Independent Study Theses. Paper 787.
Bachelor of Arts
Senior Independent Study Thesis
© Copyright 2013 Matthew Ranck