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No Basketball, No Problem: Why a lost NBA season wouldn’t be a disaster for local economies.

From Slate.com:

No Basketball, No Problem: Why a lost NBA season wouldn’t be a disaster for local economies.

"There is no way the NBA lockout will have any significant economic consequences," says the University of Alberta’s Brad Humphreys, an economist who has studied the effects of sports work stoppages. ...

"Work stoppages in baseball and football have never had significant impacts on local economies," they wrote. As icing on the cake, they looked at NBA cities that had lost their teams and found the same thing: bupkis. "The departure of a franchise in any sport, particularly in basketball, has never significantly lowered real per capita personal income in a metropolitan area,” Humphreys and Coates wrote. ...

When people choose to spend money on one entertainment activity, that's also a decision not to spend that money elsewhere. Every basketball ticket you buy is a movie ticket not purchased, or a fancy dinner not eaten. If the NBA season doesn't start on time, Charlotte and Indianapolis and Portland will find something else to spend money on: college basketball, movies, restaurants.

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