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Assessing the infrastructure impact of mega-events in emerging economies

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  • Victor Matheson

    (Department of Economics, College of the Holy Cross)

Abstract

Developing countries that host mega-events such as the Olympic Games and World Cup invest enormous sums in stadiums and collateral infrastructure projects. The rapid investment in long-lasting physical stocks raises questions of equity and efficiency for national taxpayers and event attendees. This paper reviews several cases of historical and recent mega-events to assess the infrastructure costs, returns on infrastructure investments, and impacts of the events on urban development patterns. It will highlight cases where mega-event investments contributed to long-term economic growth.

Suggested Citation

  • Victor Matheson, 2012. "Assessing the infrastructure impact of mega-events in emerging economies," Working Papers 1203, College of the Holy Cross, Department of Economics.
    • Handle: RePEc:hcx:wpaper:1203
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    File URL: https://hcapps.holycross.edu/hcs/RePEc/hcx/HC1203-Matheson_MegaEventsInfrastructure.pdf
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    References listed on IDEAS

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    1. Xia Feng & Brad R. Humphreys, 2008. "Assessing the Economic Impact of Sports Facilities on Residential Property Values: A Spatial Hedonic Approach," Working Papers 0812, International Association of Sports Economists;North American Association of Sports Economists.
    2. Robert A. Baade & Victor A. Matheson, 2011. "Financing Professional Sports Facilities," Working Papers 1102, International Association of Sports Economists;North American Association of Sports Economists.
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    4. Victor Matheson & Robert Baade, 2004. "The Quest for the Cup: Assessing the Economic Impact of the World Cup," Working Papers 0414, College of the Holy Cross, Department of Economics.
    5. Robert Baumann & Bryan Engelhardt & Victor Matheson, 2010. "The Labor Market Effects of the Salt Lake City Winter Olympics," Working Papers 1002, College of the Holy Cross, Department of Economics.
    6. Charles C. Tu, 2005. "How Does a New Sports Stadium Affect Housing Values? The Case of FedEx Field," Land Economics, University of Wisconsin Press, vol. 81(3).
    7. Victor Matheson, 2006. "Mega-Events: The effect of the world’s biggest sporting events on local, regional, and national economies," Working Papers 0610, College of the Holy Cross, Department of Economics.
    8. Arne Feddersen & Wolfgang Maennig, 2013. "Mega-Events And Sectoral Employment: The Case Of The 1996 Olympic Games," Contemporary Economic Policy, Western Economic Association International, vol. 31(3), pages 580-603, July.
    9. Victor Matheson & Robert Baade & Mimi Nikolova, 2006. "A Tale of Two Stadiums: Comparing the Economic Impact of Chicago’s Wrigley Field and U.S. Cellular Field," Working Papers 0608, College of the Holy Cross, Department of Economics.
    10. Robert A. BAADE & Robert W. BAUMANN & Victor A. MATHESON, 2010. "Slippery Slope ? Assessing The Economic Impact Of The 2002 Winter Olympic Games In Salt Lake City, Utah," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 31, pages 81-92.
    11. Dennis Coates & Brad R. Humphreys, 1999. "The growth effects of sport franchises, stadia, and arenas," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 18(4), pages 601-624.
    12. Wolfgang Maennig & Andrew Zimbalist (ed.), 2012. "International Handbook on the Economics of Mega Sporting Events," Books, Edward Elgar Publishing, number 14313.
    13. Baumann Robert & Engelhardt Bryan & Matheson Victor A., 2012. "Employment Effects of the 2002 Winter Olympics in Salt Lake City, Utah," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 232(3), pages 308-317, June.
    14. Robert Baumann & Bryan Engelhardt & Victor A. Matheson, 2012. "Labor Market Effects of the World Cup: A Sectoral Analysis," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 22, Edward Elgar Publishing.
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    Cited by:

    1. Beria, Paolo & Laurino, Antonio, 2016. "Determinants of daily fluctuations in air passenger volumes. The effect of events and holidays on Milan Malpensa airport," Journal of Air Transport Management, Elsevier, vol. 53(C), pages 73-84.
    2. Robert Baade & Victor Matheson, 2015. "An Analysis of Drivers of Mega-Events in Emerging Economies," Working Papers 1507, College of the Holy Cross, Department of Economics.
    3. Khalifa Al-Dosari, 2020. "The significance of mega sporting event on infrastructure development: A case of FIFA 2022 World Cup in Qatar," Journal of Social Sciences (COES&RJ-JSS), , vol. 9(3), pages 1295-1319, July.
    4. Victor Matheson & Robert Baade, 2016. "Going for the Gold: The Economics of the Olympics," Working Papers 1605, College of the Holy Cross, Department of Economics.
    5. Robert A. Baade & Victor A. Matheson, 2016. "Going for the Gold: The Economics of the Olympics," Journal of Economic Perspectives, American Economic Association, vol. 30(2), pages 201-218, Spring.

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    More about this item

    Keywords

    sports; stadiums; development; impact analysis; Olympics; World Cup; tourism;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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