I felt a very strong connection to chapter 4 of Freakonomics due to the fact that one of my best friends from home was adopted from Romania. This made the topic of abortion much more confusing for me. Before this reading I was always an advocate of pro-choice because as a man, I do not believe it is right to tell a women what she can or can’t do. I was always raised to respect women and I believe it would almost be disrespectful to tell a women she could not have an abortion when it is her child and it is her body. Ceausescu and his ban on abortions obviously seems wrong and did lead to crime but in a way I do agree with this for one reason. If this ban had not been put into place there would be a probability that my best friend would have never been born because one of his parents could have been aborted. This thought gave me a slightly different perspective and has made me start to realize some of the arguments to the pro-life argument. Obviously, I still consider myself pro-choice, but this article made me realize the fact that abortion could have taken some potential friends, lovers and revolutionaries. Even though the chapter talks about how the children born after the ban ended up doing significantly worse than years prior to the ban, I still believe that it was worth it in order for my friend to have been born. One other point is that I believe that this ban would have been a lot better had this not been a communist country where an increase in the population, in theory will make the people have to split up available the land and resources between more people. 

 

The American crime rate decrease in the 1990s was very interesting. I was completely unaware that this had occurred before reading this article. I also believe that some of the authors explanations had a higher correlation than others. I personally believe that the police had been able to use new technology and strategies to lower this rate. The increase age of the population also was a big factor because like Derek Brooks pointed out in his presentation someone 20 is more likely to commit a crime than someone who is 40. The authors point about abortion leading to possible drops in crime rate do have some validity. I believe that someone who is raised in a poor community is more likely to commit crimes and I believe that many abortion occur in poor areas where birth control methods may not be practiced, learned or be able to be afforded. However, I will bring back the point about my friend who was adopted from Romania. I believe that his situation is somewhat similar to an abortion because even though he was born his parents put him up for adoption when he was less than a year old. This meant that they made the choice to no long have a son. In the case of my friend I know that even if he had grown up in Romania he would not be committing crimes because he is genuinely a good person. I guess it takes a personal connect to the subject to actually break away from your normal thoughts on a issuet. Had this chapter started by talking about another eastern european country, I might not have made these same points. 

http://oxrep.oxfordjournals.org/content/19/4/585.short

 

This article helped me with my research because it talks about how to evaluate sports subsidies. I was wondering how to insert subsidies into my paper. After reading this, I have a better idea of how subsidies work. Many taxpayers pay for the sports facilities and stadiums. The reasons that the cities decide to make this investment into the professional sports facilities is because they believe it will result in positives for the city. They believe that housing values will go up and also more businesses will start to come to the city. Many cities attribute their increases in wealth and GDP because the sports facility. This article really outlines how subsidies work and how they can be helpful or can lead to debt.

Ted Delia

Paper Outline

Professional Sports Facilities Impact on Housing Values

 

I. Introduction

  1. The major issue I am looking at is how moving a sports franchise to a new city impacts housing values.

 

  1. Throughout the history of all major US sports, professional sports teams have changed cities and facilities based on economic and business reasons. The decision to move a professional team is made by the owners and the city officials. Whenever a professional sports team moves cities there has to be a lot of planning.  Building sports facilities is a huge cost and can sometimes be paid for by taxes. Professional sports teams can also have positive impacts on a city. I believe that after moving a professional team to a new city that the housing value will increase. I will also be looking at the value of houses after a team leaves the city to see if they decrease. I will also be looking at the change in GDP of the cities because I believe the new stadiums will lead to a higher demand for goods and services. Two cities that I will be looking at closely are Baltimore and Cleveland. The reason I am looking at these cities is because they both have had NFL teams at one point but later the team left but later came back. I believe this will be vital to my paper because it will show the economic impact on the city when a team leaves and when a team comes to a city. There has been past research done about the impacts of sports facilities and arenas on the economy and I plan on using these to compare and contrast my data. In my next section, I will use stata and the model I have created to test my hypothesis and make conclusions on my data. The last section will be about the error in my data and in my experiment.

II. Literature Review

a. The Economics of Sports Facilities and their Communities

      a. Citation

Siegfried, J., & Zimbalist, A. (2000). The economics of sports facilities and their communities. Journal of Economic Perspectives, 14(3), 95-114. Retrieved from http://www.uwlax.edu/faculty/anderson/micro-principles/stadiums.pdf

a. This article talks about how Professional sports facilities and arenas impact their respective cities. This economic research differs from mine because this research mainly talks about the conditions of the stadiums and state and local subsidies for sports facilities. I am going to touch on this topic but is not the main part of my paper.

 

b. Professional Sports Facilities, Franchises and Urban Economic Development

     a. Citation

Coates, D., & Humphreys, B. (n.d.). Professional sports facilities, franchises and urban economic development. Retrieved from http://www.umbc.edu/economics/wpapers/wp_03_103.pdf

a. This article talks specifically about urban areas and the impact of sports facilities on them. This article goes into how an urban area can be positively and negatively affected by the new stadium or arena. My paper will be different because I am also looking at new teams that enter and area.

 

c. The Economic Impact of Sports and Sports Events on the Charlotte MSA Economy

    a. Citation

Connaughton, J. (2012, February). The economic impact of sports and sports events on the charlotte msa economy . Retrieved from http://www.charlottesports.org/downloads/CharlotteMSASportsEconomy.pdf

a. This paper is helpful to my research because Charlotte lost an NBA team but later another team relocated there. This is helpful to my paper because I will focus on this information.

III. Data

 

 

 

IV. Modeling

a. I plan on looking at cities and looking at the % change in housing value over 1 year, 5 years, 10 years after the team relocated or the new stadium was built and compare this data with other cities. This data will also show if there are significant increases in the price of houses due to the stadium or professional team.

b. While looking at GDP I will also look at changes over 1, 5 and 10 years and see if they beat the US and state averages.

V. Evidence

a. My findings will show that housing values and GDP will increase after the stadium is built. I believe this is due to the new demand that will be brought in by the stadiums being there. I also believe baseball will impact the housing values and GDP the most because there are many games and will attract more people to the city. I have looked at others work and many believe that sports stadiums have a positive impact on their cities.

VI. Conclusion

a. My conclusion will show how I analyzed my data and the conclusion. I will make an informed conclusion based on the regressions and tests I perform on my data. If there is a strong correlation (which I want) I will explain the reasoning for it. I will also discuss areas I believed I could have improved upon with my data and research.

In the 90’s many people in areas of poverty started to think that drug dealing was one of the higher paying jobs and required little formal education. The crack issue especially was a problem in African American neighborhoods. The authors gave many statistics, which can easily be attributed to the introduction and popularity of the drug. The infant mortality rate and the amount of African American sent to prison raised significantly.

 

The reason for the title of this chapter did not make sense to me until I read how little the drug dealers were being paid. At first I thought the dealers lived with their parents to avoid suspicion. After reading the chapter I realized it was because they make a very meager living. I was under the impression like many others that this occupation was highly profitable.

 

My favorite part of the chapter was when they talked about how Sudhir Venkatesh gained the trust of J.T. Being a graduate student he obviously is qualified in making the correlation between the Black Disciples and McDonalds. I find this connection to be very interesting because the Black Disciples were most likely not trained in corporate structure or management techniques but the results were similar.

 

The Statistics I found interesting were

 

That the top 250 men in the gang represented only 2.2 percent of the full-fledge membership

 

These 120 received50 percent of the money (page 100).

 

The majority of the members earned just about $3.30 an hour

 

The majority also had 25 percent chance of being killed  (page 101).

 

These statistics tell the story because only a few people were making most of the money. These 120 people are most likely the reason people think that drug dealers make a lot of money when in actuality the majority make $3.30 and hour and are likely to be killed or put in jail. I believe these statistics are truthful and only add to the story. They make the points the authors are making better. I enjoyed this chapter because it was very interesting to hear some statistics behind this lifestyle.

 

My topic is how does the building of a professional sports facility impact residential property values?

Thesis – When a Professional sports team builds a new sports facility in a city, the residential property value increases.

My motivation to do this topic comes from my love for sports and my interest in how sports facilities affect their communities.

I am getting my data from the US Census where they have the residential property values in certain areas.

I intend to find out the impact that building a sports facility has on its resident’s property value. One of the reasons I am interested in this is because the residents’ taxes go towards paying for the stadiums in some cases. When trying to find a place to put a stadium many times it is more cost efficient to put it in a “bad area.” In many cases the area vastly improves in property value and many businesses start to move to the area.

I expect my data to show that the property value increases by at least 10% after two years of the professional team moving to the new facility. I believe that it would take two years because it will take a small time period before changes in the area are made to increase property values.

Hunger-based poverty traps happen when poor people do not eat enough calories. The food they can buy can barely keep them alive. Since they cannot eat well “the poor get poorer, and the rich get richer and eat even better, and get stronger and even richer” (page 22). I have heard this quote many times before but it is very helpful in making a convincing argument.

The authors however do not completely agree with this idea and use statistics about consumption. In the book they say, “food represents from 45 to 77 percent of consumption among the rural extremely poor, and 52 to 74 percent among their urban counterparts” (page 22). I would imagine this would be higher to combat the loss of productivity and hunger.

Poor Economics is a very convincing book that talks about the economics of the poor. To be completely honest, I did not expect the book to actually be about the economics of the poor even though the title is pretty straightforward. I thought the book would be about economic research that was not fully researched or lead to misleading conclusions. The arguments in this book are presented in a very interesting way. They really bring up interesting ideas that make me want to continue reading. Their arguments are set up in ways that make the reader think about their own conclusion on the questions the authors researched. One thing I would want to see in the book would be how many poor people end up moving up financially. I understand this would be a difficult topic to research. This book has made me think about my research topic. Currently, I am thinking about a few different topics about green energy in China. Now I might talk about Chinese pollution and how it affects the health of people in the high pollution areas because many poor live in high pollution areas in China.

Blogging is a great way to find out others viewpoints on various topics. There are many different websites across the Internet that discuss a plethora of topics. Blogging is different than many other forms of writing because you can basically say whatever you feel or think. Many blogging site do not sensor blogs and do not check to see if the information is true. In the blogs that I chose, the blogs treat their subjects in a different manner.

In Greg Mankiw’s blog he uses it as a forum to discuss current events with his followers. He posts popular topics, videos and articles and other comment on them. Mankiw blogs about every 3 days. I find this type of blogging very interesting because in Mankiw’s “About Me” he talks about how he uses the blog to hear insights from his students and colleagues.

The Game Thoery Blog talks about sports and how economics and statistics can be seen in sports. The bloggers usually use interesting current sports stories and put an economic or statistical view on it. They blog very frequently about once a day.  This blog is very interesting to me because I am an avid sports fan. This blog talks about things like financing sports teams and odds on poker hands. I really enjoyed reading these blogs because I have not thought of sports in this way before.

The Carpe Diem blog is similar to Greg Mankiw’s blog. The Carpe Diem blog talks about current economic problems like gas prices and their effect globally. I really enjoyed this article because it was very interesting. I feel like this blog makes correlations that stimulate good conversation. I enjoy how he also has a lot of graphs and videos. That makes this site interesting because I believe it appeals to its readers. The Carpe Diem blogs almost every day.

The Blogs I looked at were
Greg Mankiw’s Blog

http://gregmankiw.blogspot.com/

Game theory

http://economics.about.com/gi/o.htm?zi=1/XJ&zTi=1&sdn=economics&cdn=education&tm=2138&f=00&su=p284.13.342.ip_&tt=3&bt=0&bts=0&st=24&zu=http%3A//www.economist.com/debate/freeexchange/

Carpe Diem

Professor Mark J. Perry’s Blog for Economics and Finance

http://economics.about.com/gi/o.htm?zi=1/XJ&zTi=1&sdn=economics&cdn=education&tm=1079&f=00&su=p284.13.342.ip_&tt=3&bt=0&bts=0&st=24&zu=http%3A//mjperry.blogspot.com/

Professor Mark J. Perry’s Blog for Economics and Finance

The name of this blog is Carpe Diem. This Blog talks about current economic and financial events. Professor Perry incorporates a lot of graphs along with his information and opinion to give it more credibility.

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