Economic impact studies have been applied to a wide range of sporting and recreational events, which are increasingly viewed as an economic development tool besides their recreation benefits. Impact studies rely on the multiplier concept to determine total impacts. This paper addresses the issue of how to estimate correctly the multiplier and thus the total economic impact. The theoretical framework of impact analysis is presented. Examples of correct interpretations of data and modeling procedures are provided.
Get full access to this article
View all access options for this article.
References
1.
Blin, J.M. and F. Murphy.1974. "On Measuring Economic Interrelatedness ." Review of Economic Studies.41: 437-440.
2.
Brade, Robert, and Richard Dye.1988. "An Analysis of the Economic Rationale for Public Subsidization of Sports Stadiums." The Annals of Regional Science. 23: 37-42.
3.
Chang, Semour.1981. "Measuring Economic Impact of the Mobile Municipal Auditorium upon Alabama." Journal of Travel Research. Spring: 12-15.
4.
Davidson, Lawrence, and William Schaffer .1980. "A Discussion of Methods Employed in Analyzing the Impact of Short-term Entertainment Events." Journal of Travel Research. Winter: 12-16.
5.
" Game to Add $11 Million to Memphis' Economy." 1988. The State. Dec.: 12.
6.
Meltone, W. Warren.1987. "The Impact of the 1987 Florida Citrus Bowl on the Central Florida Economy." Impact. April.
7.
Miller, Harvey, and Randall Jackson .1988. "The Impact of the Professional Football Strike on the Chicago land Area." Illinois Business Review.45: 3-7.
8.
Schaffer, William, and Lawrence Davidson .1985. "Economic Impact of the Falcons on Atlanta: 1984." Atlanta: The Atlanta Falcons.
9.
Smith, Dean, and John Wheeler.1986. "How to Determine the Impact of New Business on a Local Economy." The Journal of Business Forecasting. Spring: 20-21.