Riverboat casino gambling impacts on employment and income in host and surrounding counties
| Autor: | Mark W. Nichols, Karl R. Geisler |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Estimation
Economic growth Firm strategy media_common.quotation_subject education 05 social sciences 0211 other engineering and technologies General Social Sciences 021107 urban & regional planning 02 engineering and technology Competition (economics) 0502 economics and business Unemployment Per capita Economics Demographic economics 050207 economics General Environmental Science media_common |
| Zdroj: | The Annals of Regional Science. 56:101-123 |
| ISSN: | 1432-0592 0570-1864 |
| Popis: | This paper explores how the introduction of casinos in riverboat states (Illinois, Indiana, Iowa, Louisiana, Mississippi, and Missouri) in the mid-1990s impacted county income and employment. Building on the previous literature, this study extends the analysis beyond the county with the casino to explore the effects experienced by neighboring counties using both a difference-in-differences estimation and a spatial Durbin model. Real per capita county income is found to increase in counties with casinos, while unemployment drops. Neighboring counties also experience significant increases in income, though to a lesser magnitude, while unemployment rates are unaffected. Where adjacent counties each have casinos, a competition effect is found that reduces the impacts below what either county would have experienced without competition. Neighboring counties that have casinos experience increases in income and decreases in unemployment similar to counties without casinos that are adjacent to casino counties. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full text from SpringerLink