Do Fishing Tournaments Affect County Per Capita Income?
Abstract
The research question being examined is whether fishing tournaments affect county per capita income. This is an important question to ask because if there is evidence that shows that tournaments benefit counties; it would encourage the counties with bodies of water to hold tournaments regularly. According to the Alabama Bass Trail their 2017 tournament series generated an estimated economic impact of $3,113,066.04 on the overall Alabama economy. Utilizing county-level data from Alabama on unemployment rates, I estimate whether the number of fishing tournaments affects county per capita income. I plan to use a difference-in-difference technique so that I will be able to get a counterfactual in order to correctly determine how fishing tournaments affect county per capita income. My research is different from previous research because they collected their data by using surveys of anglers who attend the fishing tournaments. The data I used represents the entire county’s economic state which I believe more accurately represents the effect of fishing tournaments on the county. According to my results, I found that fishing tournaments were statistically insignificant in affecting county per capita income.
Do Fishing Tournaments Affect County Per Capita Income?
The research question being examined is whether fishing tournaments affect county per capita income. This is an important question to ask because if there is evidence that shows that tournaments benefit counties; it would encourage the counties with bodies of water to hold tournaments regularly. According to the Alabama Bass Trail their 2017 tournament series generated an estimated economic impact of $3,113,066.04 on the overall Alabama economy. Utilizing county-level data from Alabama on unemployment rates, I estimate whether the number of fishing tournaments affects county per capita income. I plan to use a difference-in-difference technique so that I will be able to get a counterfactual in order to correctly determine how fishing tournaments affect county per capita income. My research is different from previous research because they collected their data by using surveys of anglers who attend the fishing tournaments. The data I used represents the entire county’s economic state which I believe more accurately represents the effect of fishing tournaments on the county. According to my results, I found that fishing tournaments were statistically insignificant in affecting county per capita income.