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Price, Income & Unemployment Effects on Greek Professional Football

Author

Listed:
  • Vassiliki Avgerinou

    (University of Peloponnese)

  • Stefanos Giakoumatos

    (The Highest Institute for Technological Education of Kalamata)

Abstract

Based on data of 26 Greek professional football clubs of Division A’ and B’ for 16 seasons (1991/92-2006/07), we investigate the effect of sporting and economic variables on the attendance in Greek football stadia. Price, income and unemployment are found to be statistically significant in the small Greek football market, while controlling for classic sporting determinants of demand such as success, entertainment and promotion/relegation. We include two more dummy variables; one for the new stadia constructed for the Olympic Games of 2004 and one for the enthusiasm effect of the EURO 2004 victory by the Greek National Team.

Suggested Citation

  • Vassiliki Avgerinou & Stefanos Giakoumatos, 2009. "Price, Income & Unemployment Effects on Greek Professional Football," Working Papers 0907, International Association of Sports Economists;North American Association of Sports Economists.
    • Handle: RePEc:spe:wpaper:0907
    as

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    File URL: http://web.holycross.edu/RePEc/spe/AvgerinouGiakoumatos_FootballAttendance.pdf
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    References listed on IDEAS

    as
    1. Christophe Pérignon & Jean Marc Falter & Olivier Vercruysse, 2008. "Impact of Overwhelming Joy on Consumer Demand," Post-Print hal-00461063, HAL.
    2. Martin B. Schmidt & David J. Berri, 2006. "Research Note: What Takes Them Out to the Ball Game?," Journal of Sports Economics, , vol. 7(2), pages 222-233, May.
    3. Cheng Hsiao, 2007. "Panel data analysis—advantages and challenges," TEST: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 16(1), pages 1-22, May.
    4. Baimbridge, Mark & Cameron, Samuel & Dawson, Peter, 1996. "Satellite Television and the Demand for Football: A Whole New Ball Game?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 43(3), pages 317-333, August.
    5. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Di Domizio Marco & Caruso Raul, 2015. "Hooliganism and Demand for Football in Italy: Attendance and Counterviolence Policy Evaluation," German Economic Review, De Gruyter, vol. 16(2), pages 123-137, May.
    2. Ermis Chelmis & Dimitrios Niklis & George Baourakis & Constantin Zopounidis, 2019. "Multiciteria evaluation of football clubs: the Greek Superleague," Operational Research, Springer, vol. 19(2), pages 585-614, June.

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    More about this item

    Keywords

    Greek Football; Football Demand; Attendance;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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