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Investment in Stadia and Regional Economic Development - Evidence from FIFA World Cup 2006

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Author Info

  • Arne Feddersen

    ()
    (Chair for Economic Policy, University of Hamburg)

  • André Grötzinger
  • Wolfgang Maennig

    ()
    (Chair for Economic Policy, 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 nonsynchronous 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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File URL: http://www.hced.uni-hamburg.de/WorkingPapers/016.pdf
File Function: First version, 2008
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Bibliographic Info

Paper provided by Chair for Economic Policy, University of Hamburg in its series Working Papers with number 016.

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Length: 17 pages
Date of creation: 2008
Date of revision:
Publication status: Published in Hamburg Contemporary Economic Discussions, Issue 16, 2008
Handle: RePEc:hce:wpaper:016

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Related research

Keywords: Sports Economics; Regional Economics; Stadia Infrastructure; Difference-in-Difference Model;

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References

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  1. Arne Feddersen, 2006. "Economic Consequences of the UEFA Champions League for National Championships - The Case of Germany," Working Papers, Chair for Economic Policy, University of Hamburg 0012006, Chair for Economic Policy, University of Hamburg.
  2. Wolfgang Maennig & Florian Schwarthoff, 2008. "Stadium Architecture and Regional Economic Development: International Experience and the Plans of Durban," Working Papers, International Association of Sports Economists;North American Association of Sports Economists 0816, International Association of Sports Economists;North American Association of Sports Economists.
  3. Arne Feddersen & Wolfgang Maennig, 2005. "Trends in Competitive Balance: Is there Evidence for Growing Imbalance in Professional Sport Leagues?," Working Papers, Chair for Economic Policy, University of Hamburg 0012005, Chair for Economic Policy, University of Hamburg.
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Cited by:
  1. Arne Feddersen & Wolfgang Maennig, 2010. "Sectoral Labour Market Effects of the 2006 FIFA World Cup," Working Papers, Chair for Economic Policy, University of Hamburg 033, Chair for Economic Policy, University of Hamburg.
  2. Robert Baade & Victor Matheson, 2011. "An Evaluation of the Economic Impact of National Football League Mega-events," Working Papers, College of the Holy Cross, Department of Economics 1112, College of the Holy Cross, Department of Economics.

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