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The Economic Impacts of the North Carolina Motorsports Industry

Author

Listed:
  • John E. Connaughton

    (University of North Carolina at Charlotte)

  • Ronald A. Madsen

    (University of North Carolina at Charlotte)

Abstract

The southeastern part of the United States has traditionally been viewed as the cradle of stock car racing. During the past decade, NASCAR has expanded out of its traditional geographic region and has grown to be the second most popular sport watched on television in the United States. This study is based on data collected for the motorsports industry in North Carolina for 2005. In this study, the state was divided into seven regions. The Input/Output matrix for each region provides multipliers based on the new North American Industrial Classification System definitions of industries. The total economic impacts for 2005 were estimated at more than $5.9 billion in increased total output, 27,252 in increased employment, almost $1.7 billion in increased total employee compensation, and almost $2.8 billion in increased total value added.

Suggested Citation

  • John E. Connaughton & Ronald A. Madsen, 2007. "The Economic Impacts of the North Carolina Motorsports Industry," Economic Development Quarterly, , vol. 21(2), pages 185-197, May.
    • Handle: RePEc:sae:ecdequ:v:21:y:2007:i:2:p:185-197
    DOI: 10.1177/0891242407300154
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    Cited by:

    1. Sarah A. Low & Andrew M. Isserman, 2009. "Ethanol and the Local Economy," Economic Development Quarterly, , vol. 23(1), pages 71-88, February.
    2. Laurent Scaringella & Jean-Jacques Chanaron, 2016. "Grenoble–GIANT Territorial Innovation Models," Grenoble Ecole de Management (Post-Print) hal-01472878, HAL.
    3. Laurent Scaringella & Jean-Jacques Chanaron, 2016. "Grenoble–GIANT Territorial Innovation Models," Post-Print hal-01472878, HAL.
    4. Suho Bae, 2010. "Public Versus Private Delivery Of Municipal Solid Waste Services: The Case Of North Carolina," Contemporary Economic Policy, Western Economic Association International, vol. 28(3), pages 414-428, July.
    5. Brad R. Humphreys & Jane E. Ruseski, 2010. "Problems With Data on the Sport Industry," Journal of Sports Economics, , vol. 11(1), pages 60-76, February.
    6. Scaringella, Laurent & Chanaron, Jean-Jacques, 2016. "Grenoble–GIANT Territorial Innovation Models: Are investments in research infrastructures worthwhile?," Technological Forecasting and Social Change, Elsevier, vol. 112(C), pages 92-101.

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