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Income, leisure and proficiency: an economic study of football performance

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  • Robert Houston
  • Dennis Wilson
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    Abstract

    The influence of income, across countries, on the proficiency of leisure, as measure by international football achievement is addressed. It is widely concluded that leisure is a normal good, however; little research has been conducted on the influences of efforts to become proficient at a specific leisure activity. While the law of diminishing marginal productivity indicates that leisure proficiency will increase at a decreasing rate with increases in time allocated toward the leisure activity, the second-order effect of income on neither leisure nor leisure proficiency can theoretically be determined. To estimate these effects, an empirical examination of FIFA's World Rankings has been conducted. The results indicate that leisure proficiency on an aggregate level is positively associated with income and increases at a decreasing rate. This subsequently provides evidence that the consumption of leisure on an aggregate level also increases at a decreasing rate with increases in income.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 9 (2002)
    Issue (Month): 14 ()
    Pages: 939-943

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    Handle: RePEc:taf:apeclt:v:9:y:2002:i:14:p:939-943

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    Cited by:
    1. Ferda HALICIOGLU, 2005. "Forecasting the Professional Team Sporting Events: Evidence from Euro 2000 and 2004 Football Tournaments," Industrial Organization 0508001, EconWPA.
    2. Georgios Kavetsos & Stefan Szymanski, 2008. "National Wellbeing and International Sports Events," Working Papers 0804, International Association of Sports Economists & North American Association of Sports Economists.
    3. Jan C. van Ours & Martin A. van Tuijl, 2011. "Country-Specific Goal-Scoring in the ‘Dying Seconds’ of International Football Matches," International Journal of Sport Finance, Fitness Information Technology, vol. 6(2), pages 138-154, May.
    4. Eiji Yamamura, 2012. "Effect of Linguistic Heterogeneity on Technology Transfer: An Economic Study of FIFA Football Rankings," Atlantic Economic Journal, International Atlantic Economic Society, vol. 40(1), pages 85-99, March.
    5. Ruxanda Berlinschi & Jeroen Schokkaert & Johan F.M. Swinnen, 2010. "When Drains and Gains Coincide: Migration and International Football Performance," LICOS Discussion Papers 26510, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
    6. Eva Marikova Leeds & Michael A. Leeds, 2007. "International Soccer Success and National Institutions," Working Papers 0702, International Association of Sports Economists & North American Association of Sports Economists.
    7. Joshua Congdon-Hohman & Victor Matheson, 2011. "International Women's Soccer and Gender Inequality: Revisited," Working Papers 1107, College of the Holy Cross, Department of Economics.
    8. 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.

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