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Price, Income & Unemployment Effects on Greek Professional Football

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Author Info

  • Vassiliki Avgerinou

    ()
    (University of Peloponnese)

  • Stefanos Giakoumatos

    ()
    (The Highest Institute for Technological Education of Kalamata)

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    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.

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    File URL: http://college.holycross.edu/RePEc/spe/AvgerinouGiakoumatos_FootballAttendance.pdf
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    Bibliographic Info

    Paper provided by International Association of Sports Economists & North American Association of Sports Economists in its series Working Papers with number 0907.

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    Length: 11 pages
    Date of creation: Jun 2009
    Date of revision:
    Handle: RePEc:spe:wpaper:0907

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    Web page: http://www.cdes.fr/index.php?id=fr69
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    Web page: http://www.kennesaw.edu/naase
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    Related research

    Keywords: Greek Football; Football Demand; Attendance;

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    1. Cheng Hsiao, 2006. "Panel Data Analysis - Advantages and Challenges," IEPR Working Papers 06.49, Institute of Economic Policy Research (IEPR).
    2. Dobson,Stephen & Goddard,John, 2011. "The Economics of Football," Cambridge Books, Cambridge University Press, number 9780521517140, April.
    3. 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 317-33, August.
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