Date of This Version
This paper provides an overview of techniques that can be used to estimate the economic impact of stadiums, events, championships, and franchises on local economies. Utilizing data from National Collegiate Athletic Association championships, this paper highlights the potential problems that can be made if city and time effects are not handled and unit-roots are not accounted for. In addition, the paper describes the technique for estimating dynamic panel data and the advantages that come with these modeling techniques.
Working Paper Number
Baumann, Robert and Matheson, Victor, "Estimating economic impact using ex post econometric analysis: Cautionary tales" (2011). Economics Department Working Papers. Paper 22.