Arne Feddersen () (Chair for Economic Policy, University of Hamburg) André Grötzinger Wolfgang Maennig () (Chair for Economic Policy, University of Hamburg)
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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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Paper 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 Handle: RePEc:hce:wpaper:016
Find related papers by JEL classification: H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism R12 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography) R53 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
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