Abstract
This paper provides an empirical examination of the economic impact of the Democratic and Republican National Conventions on local economies. Our analysis from 1970–2005 of the 50 largest metropolitan areas in the country, including all cities that have hosted one of the national conventions during this time period, finds that the presence of the Republican or the Democratic National Convention has no discernable impact on employment, personal income, or personal income per capita in the cities where the events were held confirming the results of other ex post analyses of mega-events.
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This research was supported by a grant to Holy Cross from the May and Stanley Smith Charitable Trust. The authors thank Kim Makuch and Jim Doyle for excellent research assistance.
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Baade, R., Baumann, R. & Matheson, V. Rejecting “Conventional” Wisdom: Estimating the Economic Impact of National Political Conventions. Eastern Econ J 35, 520–530 (2009). https://doi.org/10.1057/eej.2009.25
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DOI: https://doi.org/10.1057/eej.2009.25