This article examines the effects of foregone gate revenues and reduced visitor days as a result of the 1994 major league baseball strike on Pennsylvania jobs, business activity, and income. The authors use a macroeconomic model of the Pennsylvania economy to estimate that the strike probably had negligible net impacts on the Pennsylvania economy. These findings contradict the popular view that the strike had serious aggregate economic consequences and emphasize that commercial sports activity comprise only a minor share of regional economies.
All Science Journal Classification (ASJC) codes
- Sociology and Political Science