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Assessing The Contribution Of Sport To The Economy

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Author Info
Phillip HONE
Abstract

Sport has always been an important part of society but it is now becoming an increasingly important part of the economy. Consequently, the measurement of the economic impact of sporting events has become a focus of some interest to a number of groups including policy makers and sporting officials. In this paper the established procedures for measuring economic impacts are evaluated from the perspective of the nature of the information required by decision makers. It is found that the traditional approach to the measurement of the economic impacts of sporting events is conceptually flawed and potentially misleading. An alternative series of measures are suggested. These measures are more focused on information requirements and better grounded in the principles of welfare economics than those that are now widely used.

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File URL: http://www.deakin.edu.au/buslaw/aef/workingpapers/papers/swp2005_02.pdf
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Publisher Info
Paper provided by Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance in its series Economics Series with number 2005_02.

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Length: 17 pages
Date of creation: 13 Oct 2005
Date of revision:
Handle: RePEc:dkn:econwp:eco_2005_02

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Related research
Keywords: sport; cost benefit analysis; economic impact;

Find related papers by JEL classification:
H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
O22 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
R53 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

References listed on IDEAS
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  1. Alexander, Donald L. & Kern, William & Neill, Jon, 2000. "Valuing the Consumption Benefits from Professional Sports Franchises," Journal of Urban Economics, Elsevier, vol. 48(2), pages 321-337, September. [Downloadable!] (restricted)
  2. BK. Johnson & JC. Whitehead, 2000. "Value of public goods from sports stadiums: the CVM approach," Contemporary Economic Policy, Western Economic Association International, vol. 18(1), pages 48-58, 01. [Downloadable!] (restricted)
  3. Brouwer, Roy, 2000. "Environmental value transfer: state of the art and future prospects," Ecological Economics, Elsevier, vol. 32(1), pages 137-152, January. [Downloadable!] (restricted)
  4. John Siegfried & Andrew Zimbalist, 2000. "The Economics of Sports Facilities and Their Communities," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 95-114, Summer. [Downloadable!] (restricted)
  5. Richard T. Carson & Leanne Wilks & David Imber, 1994. "Valuing the Preservation of Australia's Kakadu Conservation Zone," University of California at San Diego, Economics Working Paper Series 94-09, Department of Economics, UC San Diego.
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This page was last updated on 2009-11-12.

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