Abstract
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.
Advisor
Burnell, James
Department
Business Economics
Recommended Citation
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.
https://openworks.wooster.edu/independentstudy/787
Disciplines
Economics
Keywords
sports, agglomeration economies, economic base model
Publication Date
2013
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2013 Matthew Ranck