Journal of Economic Literature: Vol. 52 No. 2 - Book Review

JEL Volume. 52, Issue 2 | leftPrevious Review Next Review right

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Book(s) Reviewed

Casinonomics: The Socioeconomic Impacts of the Casino Industry by Douglas M. Walker

Published By: Management for Professionals. Heidelberg and New York: Springer Science + Business Media
ISBN: 978-1-4614-7122-6
Date of Publication: 2013


Book Review Detail

Reviewed by: Earl L. Grinols of Distinguished Professor of Economics, Baylor University
Review DOI: 10.1257/jel.52.2.535.r12
Review Pages: 555-57

Book Review Abstract

Earl L. Grinols, Distinguished Professor of Economics, Baylor University, reviews "Casinonomics: The Socioeconomic Impacts of the Casino Industry", by Douglas M. Walker. The Econlit abstract of this book begins: "Explores empirical, conceptual, and theoretical issues surrounding the economic impacts of the commercial casino industry. Discusses casinos and economic growth; gambling, consumer behavior, and welfare; misconceptions about casinos and economic growth; analysis of the relationship between casinos and economic growth; recent evidence on casinos and economic growth; the impact of casinos on state tax revenues; casinos and drunk driving fatalities; gambling, crime, binge drinking, drug use, and hiring prostitutes; gambling and attention deficit hyperactivity disorder; the social costs of gambling; issues in social cost analysis; is gambling an "unproductive'' activity?; casinos and crime—a review of the literature; casinos and commercial real estate values—a case study of Detroit; relationships among gambling industries; and past and future. Walker is with the Department of Economics and Finance at the College of Charleston."


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Book Review Authors

Earl L. Grinols of Distinguished Professor of Economics, Baylor University


JEL Classifications

H25: Business Taxes and Subsidies including sales and value-added (VAT)
H71: State and Local Taxation, Subsidies, and Revenue
I12: Health Production
K42: Illegal Behavior and the Enforcement of Law
L83: Sports; Gambling; Recreation; Tourism
R11: Regional Economic Activity: Growth, Development, and Changes


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