| By: |
Victor Matheson (Department of Economics, College of the Holy Cross);
Robert Baade (Department of Economics and Business, Lake Forest College) |
| Abstract: |
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. |
| Keywords: |
baseball, impact analysis, World Series, sports, mega-event |
| JEL: |
L83 R53 |
| Date: |
2005–02 |
| URL: |
https://d.repec.org/n?u=RePEc:hcx:wpaper:0501 |