Growth Effects of Sports Franchises, Stadiums, and Arenas: 15 Years Later

Coates, Dennis

doi:10.1007/978-3-031-39248-1_5

Cited by 2 publications

(2 citation statements)

References 46 publications

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“…Some local political and community leaders, and the owners of professional sports teams frequently claim that professional sports facilities and franchises are important engines of economic development in urban area [ 20 ]. Mega sports events or small-scale sports events as long as they are organized and controlled locally would grow in relevance as a way to promote local and regional economic development [ 21 ].…”

Section: Literature Reviewmentioning

confidence: 99%

An analysis of the leverage effect of “Internet +” on the economic spillover of sports industry

Yang

et al. 2023

PLoS ONE

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Given the unprecedented and profound impact on the traditional sports industry and its economic driving force brought by the “Internet +”, the purpose of this study is to explore the driving relationship between the sports industry and local economic development and deconstruct the dynamic regulation mechanism of “Internet +” on the economic spillover of the sports industry. Empirical data collected from China’s 11 inter-provincial panel data from 2015–2019 were analyzed through the fixed-effects and threshold models. The study finds that the economic spillover of the sports industry has significantly promoted regional economic development, and the regulation effect of the Internet has complex non-linear characteristics. Only when Internet development exceeds a specific threshold can it develop a benign complementary mechanism with the sports industry. The impact of “Internet +” on the threshold regulation of the sports industry economic spillover has spatial and temporal differentiation characteristics in the three dimensions of Internet hardware level, Internet penetration rate, and Internet application value. The results of this study extend the current study, indicating that it is a practical choice for local governments to develop the economy through the sports industry. Provinces and cities should enhance the Internet penetration rate, expand Internet business applications, and upgrade Internet development to a specific point to maximize the drive of positive spillover. Regional heterogeneity requires differential regulation strategies and more concentration on the middle and western regions.

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Section: Literature Reviewmentioning

confidence: 99%

An analysis of the leverage effect of “Internet +” on the economic spillover of sports industry

Yang

et al. 2023

PLoS ONE

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“…The consensus of an extensive literature on the economic effects of new sports facilities is that new professional sports stadiums, and thus also the teams that play in them, have a rather small, and possibly negative, net effect on economic activity (Campbell, 1999;Siegfried & Zimbalist, 2000;Zimbalist, 2004;Coates, 2007;Coates & Humphreys, 2008;Coates, 2015;Bradbury et al, 2023). 1 In spite of this, local and state governments have consistently provided generous subsidies to professional teams that seem not to have credible financial needs (Alakshendra, 2016).…”

Section: Introductionmentioning

confidence: 99%

Cost–Benefit Analysis of an “Average” Professional Sports Team or Stadium in the United States

Sepulveda

2023

J. Benefit Cost Anal.

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Professional sports teams commonly reevaluate their location decisions based on the prospect of building new, more attractive, stadiums. Even though a large economic literature warns about the modest (and possibly negative) effects on the local economy of hosting a professional sports team, the economic effects of professional teams and stadiums remain blurry for the general public, and cities in the United States continue to compete to lure teams with generous public subsidies. This article integrates several contributions of the literature into one cohesive and simple framework based on cost–benefit analysis, and provides estimations of the average local economic effects of teams in the four biggest professional leagues in the United States. If professional sports games do not attract visitors from other cities, or if players and owners do not spend a significant share of their income in the area, hosting a team can negatively affect the local economy.

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Growth Effects of Sports Franchises, Stadiums, and Arenas: 15 Years Later

Cited by 2 publications

References 46 publications

An analysis of the leverage effect of “Internet +” on the economic spillover of sports industry

An analysis of the leverage effect of “Internet +” on the economic spillover of sports industry

Cost–Benefit Analysis of an “Average” Professional Sports Team or Stadium in the United States

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