Using Economic Models to Measure the Impact of Sports on Local Economies

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Abstract
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.

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