Heavy Lifting - thoughts and web finds by an economist
     I also contribute to Division of Labour Load HL's Front Page
Tuesday, April 13, 2004


Economic impact of conventions?


Sports economists have basically concluded that publicly built stadiums do not have a positive net economic impact on the host city that pays for the stadium. Isn't it more likely that a convention should have a positive net economic impact? After all, a convention requires relatively little infrastructure and therefore should have a relatively low marginal cost to the host city.

This article suggests that the Democrat convention in Boston this year might actually have a negative net economic impact. Why? Because the convention will impose indirect costs on Bostonians that might swamp the direct benefits from the convention.

Savannah hosts a G-8 convention latter this year. The general concensus is the same. Savannah will be so overrun with press and protestors that decent money-spending folks will avoid the city leading to a net loss for the downtown businesses.

Comments: Post a Comment



Purchase




Le Chai - galerie du vin



Support



Popularity

Posts that contain Craig Depken per day for the last 90 days.



Contacts

Heavy Lifting's Main Page
Email Me
Atom Feed

WWW
Heavy Lifting




Great Links

Money I Found Today

Heavy Lifting - Firehose style (56k warning)



Recent Posts




Archives


home


Visitors
Site Meter Blogroll Me!



Credits

Modified maystar design
powered by blogger