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Bread and Circuses

by John P. Palmer

📖 The Scoop

This paper examines the arguments justifying government support for sports and cultural businesses. It first looks at the economic spin-offs of sports and/or culture from the perspectives of multiplier. Various aspects of economic multipliers are discussed, alternative estimates of the impact of major league baseball on a local economy are reviewed, and multiplier analysis is refined & applied to minor league sports and regional cultural events. The impact of sporting & cultural facilities on real estate values is then assessed for three small communities (Stratford & Niagara-on-the-Lake, Ontario, and Green Bay, Wisconsin). The effect of such facilities on non-monetary benefits is briefly examined and the final section takes a closer look at who receives any benefits.

Genre: No Category (fancy, right?)

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