Arne Feddersen () (University of Hamburg) André Leão Grötzinger () (University of Hamburg) Wolfgang Maennig () (University of Hamburg)
Abstract
Using the case of the new stadiums for the FIFA World Cup 2006 in Germany, this paper is the first multivariate work that examines the potential income and employment effects of new stadiums outside of the USA. This study is also the first work on this topic that conducts tests on the basis of a (serial correlation consistent) Difference-in-Difference model with level and trends. As a robustness check, we use the “ignoring time series information” model in a form that is modified for non-synchronous interventions. We were not able to identify income or employment effects of the construction of new stadiums for the FIFA World Cup 2006, which are significantly different from zero.
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Volume (Year): 4 (2009) Issue (Month): 4 (November) Pages: 221-239 Download reference. The following formats are available: HTML
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