Abstract
ABSTRACT Coates and Humphreys (1999) examined the growth effects of professional sport franchises, stadia and arenas for three major professional sports in the United States (football, baseball and basketball). This paper re-examines the effects of the four major league sports in the US (as above with the ddition of hockey) on their respective Standard Metropolitan Statisticala Areas (SMSAs), utilising the model developed by Coates and Humphreys with a view towards answering the question: does the success of the local professional sports team(s) matter? Panel data for 57 SMSAs across a 28-year time-span (1970-1997) is utilised for this analysis. A fixed-effects pooled ordinary least squares regression model is estimated for both income and growth determination. Preliminary results do not support Coates and Humphreys' (1999) conclusions that the sports environment plays no role in determining local area economic growth. The addition of hockey-related variables yields some significant income determination results, however measures of franchise success are not found to be significant.
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