Mega-Sporting Events in Developing Nations : Playing the Way to Prosperity?
AbstractSupporters of mega-sporting events such as the World Cup and Olympics claim that these events attract hoards of wealthy visitors and lead to lasting economic benefits for the host regions. For this reason, cities and countries compete vigorously for the right to stage these spectacles. Recently, developing countries have become increasingly vocal in demanding that they get the right to share in the economic benefits of these international games. China, for example, has been awarded the 2008 Summer Olympics, and an African nation seems destined to host the 2010 World Cup. The specialized infrastructure and operating expenses required to host these events, however, can be extremely costly, and it is not at all clear that either the long or short-term benefits of the games are anywhere nearly large enough to cover these costs. This paper reviews other researchersÂ’ as well as our own previous work on mega-sporting events such as the Super Bowl and World Series as well as international events like the World Cup and Olympics. Independent researchers nearly unanimously find that boostersÂ’ projections of the economic impact of sporting events exaggerate the true economic impact of these competitions by a wide margin. In particular, in this paper we focus on the particular circumstances that face developing countries hosting these games. Our research suggests that in most cases mega-sporting events are an even worse investment for developing countries than for industrialized countries.
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Bibliographic InfoPaper provided by Department of Economics, Williams College in its series Department of Economics Working Papers with number 2003-17.
Length: 26 pages
Date of creation: Mar 2003
Date of revision:
Publication status: published in South African Journal of Economics, Vol. 72:5 (December 2004), 1084-1095.
Other versions of this item:
- Victor A. Matheson & Robert A. Baade, 2004. "Mega-Sporting Events In Developing Nations: Playing The Way To Prosperity?," South African Journal of Economics, Economic Society of South Africa, vol. 72(5), pages 1085-1096, December.
- Victor A. Matheson & Robert A. Baade, . "Mega-Sporting Events in Developing Nations: Playing the way to Prosperity?," Center for Development Economics 174, Department of Economics, Williams College.
- Victor Matheson & Robert Baade, 2004. "Mega-Sporting Events in Developing Nations: Playing the Way to Prosperity?," Working Papers 0404, College of the Holy Cross, Department of Economics.
- O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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.:
- Robert Baade & Victor Matheson, 2004.
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Coupe du Monde de la FIFA 2014 au BrÃ©sil : est-ce vraiment rentable ?
by firstname.lastname@example.org (Julien Moussavi) in BS Initiative on 2014-06-05 08:28:44
- Vinayak Uppal & Debjani Ghosh, 2010. "The Impact of the Commonwealth Games 2010 on Urban Development of Delhi -An Analysis with a Historical Perspective from Worldwide Experiences and the 1982 Asian Games," Working Papers id:2456, eSocialSciences.
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"National Wellbeing and International Sports Events,"
0804, International Association of Sports Economists & North American Association of Sports Economists.
- Kavetsos, Georgios & Szymanski, Stefan, 2010. "National well-being and international sports events," Journal of Economic Psychology, Elsevier, vol. 31(2), pages 158-171, April.
- Robert Baumann & Victor Matheson, 2013. "Infrastructure Investments and Mega-Sports Events: Comparing the Experience of Developing and Industrialized Countries," Working Papers 1305, College of the Holy Cross, Department of Economics.
- Robert Gasquez & Vicente Royuela, 2012. "Is football an indicator of development at the international level?," Working Papers in Economics 275, Universitat de Barcelona. Espai de Recerca en Economia.
- 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.
- Roberto Gásquez & Vicente Royuela, 2014. "Is Football an Indicator of Development at the International Level?," Social Indicators Research, Springer, vol. 117(3), pages 827-848, July.
- Swart, Kamilla & Bob, Urmilla, 2012. "Listening to community voices: Athlone and green point residents' views on the location of the 2010 FIFA World Cup Stadium in Cape Town," Edition HWWI: Chapters, in: Zur Ökonomik von Spitzenleistungen im internationalen Sport, pages 101-122 Hamburg Institute of International Economics (HWWI).
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