Macro Athlete: Lebron’s Economic impact

A rare intersection of sports and economics: Can an athlete single handedly impact a market? 

Faculty at Harvard’s Kennedy School published research on the impact of Lebron James’s local economic impact.

Here is a portion of the paper:

Specifically, his presence increases the number of such establishments within one mile of the stadium by about 13%, and employment by about 23.5%. These effects are very local, in that they decay rapidly as one moves farther from the stadium.

Just, wow.

Full link here 

Inspired by a post on Tyler Cowen’s Marginal Revolution blog.

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