Professional Sports Effects on National Economy

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Professional Sports Effects on National Economy

Selling the Game

The study conducted by Baade, Baumann, and Matheson (2008) evaluated the effects of professional sports on national economy where the development of stadiums were conjoined to its popularity and eminence. Essentially, the sporting activities such as franchises and leagues publish their sizable advantages that create an incentive to further constructions. These facilities were recommended to be at a substantial public expense. The researcher reviewed various studies from previous authors indicating that establishment of new sporting facilities improve the economy through attaining large income within the host cities. The researcher availed a study that would inform scholars about the overall achievements and strategic tactics to develop cities. In fact, economists have profound relations to the styles presented in this envisaged suppositions where stadiums and franchises associated with sporting could be used to elevate the economy. The researchers applied a regression analysis on the sales made through the legal platforms within Florida between the year 1980 and 2005. These suppositions did not support the claims developed by the research hypothesis stipulating that sporting facilities had significant economic relevance. The franchises and sporting activities were noted as strategies of lowering taxable sales than raising them. They performed two forms of studies identified as ex ante and ex post. Moreover, the use of taxable sales to evaluate the economic prevalence of the host city while determining whether the development of the facilities were coined to the economy. The data was collected from 25 years in order to facilitate the evaluation. It applied both qualitative and quantitative strategies to finalize the research tactics. Their research informed that there were no apparent economic gains of hundred millions of dollars priors to the establishment of sporting infrastructure.

This research provides fundamental information regarding the use and effects of sporting facilities through the support of adequate empirical resources. It is evident that the review of each journal availed information regarding how the research is conducted, which implies that they are reliable sources. In fact, the analysis is organized in the paragraphs where each section represents one review of an article. The introduction of diverse information to supplement and discuss the vitality of the research study is reliable. Moreover, the connection of ideas within the paper is depicted by how each aspect is introduced to the other. The background and literature are used for the discussion in order to provide the findings. However, the researcher does not specify the number of empirical studies that are used to confirm the evaluations. In this regard, the empirical nature of the research is compromised. Furthermore, there are many claims that are made without citation to affirm their validity.

The researcher does not only provide discussions that allow the sense of other possible topics for my future research, but also provides one title to recommend the future studies. The provision of this section is imperative since it provides easy ways of facilitating other research studies. It allows other researchers to pay attention to these aspects and continue the studies in one line of thought. In this respect, it is apparent that an understanding of how these venues operate and attract many people is essential in my future research topic. Essentially, sports and coaching are based on the income retrieved from fans and investors. This aspect implies that the success of sporting must exist in a mutual success to fans development. Since this spectacle relies on stadiums which can hold many people, their evaluation on development and redistribution of facilities is paramount especially while striving to provide meaningful training to the players.

Reference

Baade, R., Baumann, R., & Matheson, V. (2008). Selling the Game: Estimating the Economic Impact of Professional Sports through Taxable Sales. Southern Economic Journal, 74(3), 794-810.

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