Do casinos cause economic growth?(Economic Development and Casinos)(Report): An article from: The American Journal of Economics and Sociology

This digital document is an article from The American Journal of Economics and Sociology, published by Thomson Gale on July 1, 2007. The length of the article is 4902 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: Casino gambling is a popular form of entertainment and is purported to have positive effects on host economies. The industry surely affects local labor markets and tax revenues. However, there has been little evidence on the effects of casino gambling on state economic growth. This paper examines that relationship using Granger-causality analysis modified for use with panel data. Our results indicate that there is no Granger-causal relationship between real casino revenues and real per capita income at the state level. The results are based on annual data from 1991 to 2005. These findings contradict an earlier study that found that casino revenues Granger-cause economic growth, using quarterly data from 1991 to 1996. Possible explanations for the differences in short- and long-run effects are discussed.

Citation Details
Title: Do casinos cause economic growth?(Economic Development and Casinos)(Report)
Author: Douglas M. Walker
Publication:The American Journal of Economics and Sociology (Magazine/Journal)
Date: July 1, 2007
Publisher: Thomson Gale
Volume: 66 Issue: 3 Page: 593(15)

Article Type: Report

Distributed by Thomson Gale