Investment in Stadia and Regional Economic Development - Evidence from FIFA World Cup 2006
AbstractUsing 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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Bibliographic InfoPaper provided by Chair for Economic Policy, University of Hamburg in its series Working Papers with number 016.
Length: 17 pages
Date of creation: 2008
Date of revision:
Publication status: Published in Hamburg Contemporary Economic Discussions, Issue 16, 2008
Sports Economics; Regional Economics; Stadia Infrastructure; Difference-in-Difference Model;
Other versions of this item:
- Arne Feddersen & André Leão Grötzinger & Wolfgang Maennig, 2009. "Investment in Stadia and Regional Economic Development—Evidence from FIFA World Cup 2006," International Journal of Sport Finance, Fitness Information Technology, vol. 4(4), pages 221-239, November.
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Arne Feddersen, 2006. "Economic Consequences of the UEFA Champions League for National Championships - The Case of Germany," Working Papers 0012006, Chair for Economic Policy, University of Hamburg.
- Arne Feddersen & Wolfgang Maennig, 2005. "Trends in Competitive Balance: Is there Evidence for Growing Imbalance in Professional Sport Leagues?," Working Papers 0012005, Chair for Economic Policy, University of Hamburg.
- Wolfgang Maennig & Florian Schwarthoff, 2008. "Stadium Architecture and Regional Economic Development: International Experience and the Plans of Durban," Working Papers 0816, International Association of Sports Economists & North American Association of Sports Economists.
- Robert Baade & Victor Matheson, 2011.
"An Evaluation of the Economic Impact of National Football League Mega-events,"
1112, College of the Holy Cross, Department of Economics.
- Robert Baade & Victor Matheson, 2011. "An Evaluation of the Economic Impact of National Football League Mega-events," Working Papers 1119, International Association of Sports Economists & North American Association of Sports Economists.
- Arne Feddersen & Wolfgang Maennig, 2010.
"Sectoral Labour Market Effects of the 2006 FIFA World Cup,"
033, Chair for Economic Policy, University of Hamburg.
- Feddersen, Arne & Maennig, Wolfgang, 2012. "Sectoral labour market effects of the 2006 FIFA World Cup," Labour Economics, Elsevier, vol. 19(6), pages 860-869.
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