Abstract
Sporting events are a phenomena shared by numerous communities throughout the country and generally make a positive contribution to the local economy. To be able to determine the economic impact of races, tournaments, and championships is of great value to both public and private groups in any town. Economic gain may be the deciding factor for the future provision of these staged tourist attractions. The specific methods used to accurately assess the economic impact of sporting events have received considerable attention in the literature, contributing to the development of a refined economic impact methodology, however, relatively few studies have applied these valid procedures in aggregate. Further, considerable revenues leak from the local economy with events with nonresident allied businesses (i.e., food and beverage concessionaires, souvenir vendors, etc.) This research details the economic impact assessment model developed and applied to the 1991 Albuquerque International Balloon Fiesta. Issues specifically addressed by the model include the "vendor factor," sample and recall bias, and switching of expenditures. Other methodological concerns in economic impact studies and research recommendations are discussed with direct implications to recreation, sport, and tourism researchers and practitioners.
Recommended Citation
Turco, Douglas M.
(1994)
"Measuring the Net Economic Impact of an International Sporting Event,"
Visions in Leisure and Business: Vol. 12:
No.
4, Article 4.
Available at:
https://scholarworks.bgsu.edu/visions/vol12/iss4/4