This study demonstrates that the Football World Cup 1974 in Germany was not able to generate any short to long-term employment effects that were significantly different from zero. It is the first work to examine long-term employment effects of Football World Cup tournaments. It is also one of the first work to undertake a multivariate analysis of the employment effects of a major sporting event outside of the USA. In addition, this study does not arbitrarily determine the time period for the potential positive effects of a major sporting event but instead examines several alternative periods. Furthermore, the study tests for method sensitivity by analysing the data set in parallel with the approaches used in the studies of sporting events in the USA as well as in a fourth modifying estimation approach. In contrast to the conclusions reached in comparable studies, the results are not regarded as a clear refutation of the positive effects of major sporting events.
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Publisher Info
Paper provided by Chair for Economic Policy, University of Hamburg in its series Working Papers with number
009.
Length: 26 pages Date of creation: 2007 Date of revision: Publication status: Published in Hamburg Contemporary Economic Discussions, Issue 09, 2007 Handle: RePEc:hce:wpaper:009
Find related papers by JEL classification: L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism R53 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock R58 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Regional Development Policy
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