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National well-being and international sports events

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  • Kavetsos, Georgios
  • Szymanski, Stefan

Abstract

The widely proclaimed economic benefits of hosting major sporting events have received substantial criticism by academic economists and have been shown to be negligible, at best. The aim of this paper is to formally examine the existence of another potential impact: national well-being or the so-called "feelgood" factor. Using data on self-reported life satisfaction for twelve European countries we test for the impact of hosting and of national athletic success on happiness. Our data covers three different major events: the Olympic Games, the FIFA World Cup and the UEFA European Championship. We find that the "feelgood" factor associated with hosting football events is large and significant, but that the impact of national athletic success on happiness, while correctly signed, is statistically insignificant.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Psychology.

Volume (Year): 31 (2010)
Issue (Month): 2 (April)
Pages: 158-171

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Handle: RePEc:eee:joepsy:v:31:y:2010:i:2:p:158-171

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Web page: http://www.elsevier.com/locate/joep

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Keywords: Life satisfaction Happiness Feelgood factor Sporting events Economic impact;

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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Governments, sport and happiness
    by Richard Green in Club Troppo on 2010-11-22 05:21:02
  2. New Zealand's Olympic success - what's in it for us?
    by Sam Richardson in Fair Play and Forward Passes on 2012-08-13 00:14:00
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. John Feddersen & Robert Metcalfe & Mark Wooden, 2012. "Subjective Well-Being: Weather Matters; Climate Doesn't," Melbourne Institute Working Paper Series wp2012n25, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
  2. Pete Groothuis & Kurt W. Rotthoff, 2014. "Surveying the Literature and the People: The Economic Impact of Sports Teams and Civic Pride," Working Papers 14-05, Department of Economics, Appalachian State University.
  3. Roberto Gásquez & Vicente Royuela, 2014. "Is Football an Indicator of Development at the International Level?," Social Indicators Research, Springer, vol. 117(3), pages 827-848, July.
  4. Huang, Haifang & Humphreys, Brad R., 2012. "Sports participation and happiness: Evidence from US microdata," Journal of Economic Psychology, Elsevier, vol. 33(4), pages 776-793.
  5. Helena Marques & Gabriel Pino & Juan de Dios Tena, 2013. "Do happiness indexes truly reveal happiness? : measurin happiness using revealed preferences from migration flows," Statistics and Econometrics Working Papers ws130908, Universidad Carlos III, Departamento de Estadística y Econometría.
  6. Peter Dawson & Paul Downward & Terence C. Mills, 2014. "Olympic news and attitudes towards the Olympics: a compositional time-series analysis of how sentiment is affected by events," Journal of Applied Statistics, Taylor & Francis Journals, vol. 41(6), pages 1307-1314, June.
  7. Gabriel M. Ahlfeldt & Georgios Kavetsos, 2011. "Form or Function? The Impact of New Football Stadia on Property Prices in London," SERC Discussion Papers 0087, Spatial Economics Research Centre, LSE.
  8. Georgios Kavetsos, 2012. "National Pride: War Minus the Shooting," Social Indicators Research, Springer, vol. 106(1), pages 173-185, March.
  9. Yamamura, Eiji, 2014. "Identity, Nostalgia and Happiness among Migrants: The Case of the Kōshien High School Baseball Tournament in Japan," MPRA Paper 53776, University Library of Munich, Germany.
  10. Doerrenberg, Philipp & Siegloch, Sebastian, 2014. "Is soccer good for you? The motivational impact of big sporting events on the unemployed," Economics Letters, Elsevier, vol. 123(1), pages 66-69.
  11. Lasse Steiner & Bruno S. Frey & Simone Hotz, 2013. "European capitals of culture and life satisfaction," ECON - Working Papers 117, Department of Economics - University of Zurich.
  12. Hallmann, Kirstin & Breuer, Christoph & Kühnreich, Benedikt, 2013. "Happiness, pride and elite sporting success: What population segments gain most from national athletic achievements?," Sport Management Review, Elsevier, vol. 16(2), pages 226-235.
  13. Michiel de Nooij & Marcel van den Berg, 2013. "The bidding paradox: why rational politicians still want to bid for mega sports events," Working Papers 13-08, Utrecht School of Economics.
  14. Robert Gasquez & Vicente Royuela, 2012. "Is football an indicator of development at the international level?," Working Papers in Economics 275, Universitat de Barcelona. Espai de Recerca en Economia.
  15. Piper, Alan T., 2013. "Happiness, Dynamics and Adaptation," MPRA Paper 52342, University Library of Munich, Germany.
  16. Pawlowski, Tim & Downward, Paul & Rasciute, Simona, 2014. "Does national pride from international sporting success contribute to well-being? An international investigation," Sport Management Review, Elsevier, vol. 17(2), pages 121-132.
  17. Gabriel Ahlfeldt & Wolfgang Maennig & Michaela Ölschläger, 2009. "Lifestyles and Preferences for (Public) Goods: Professional Football in Munich," Working Papers 030, Chair for Economic Policy, University of Hamburg.
  18. Michiel de Nooij & Marcel van den Berg, 2013. "The bidding paradox: why economists, consultants and politicians disagree on the economic effects of mega sports events but might agree on their attractiveness," Working Papers 13-09, Utrecht School of Economics.

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