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Investment in Stadia and Regional Economic Development—Evidence from FIFA World Cup 2006

Author

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  • Arne Feddersen

    (University of Hamburg)

  • André Leão Grötzinger

    (University of Hamburg)

  • Wolfgang Maennig

    (University of Hamburg)

Abstract

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 non-synchronous 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.

Suggested Citation

  • Arne Feddersen & André Leão Grötzinger & Wolfgang Maennig, 2009. "Investment in Stadia and Regional Economic Development—Evidence from FIFA World Cup 2006," International Journal of Sport Finance, Fitness Information Technology, vol. 4(4), pages 221-239, November.
    • Handle: RePEc:jsf:intjsf:v:4:y:2009:i:4:p:221-239
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    2. Ferrir, Richard, 2015. "Degree of completion of the projects undertaken as part of preparations for Euro 2012," MPRA Paper 68208, University Library of Munich, Germany.
    3. Valentin Lindlacher & Gustav Pirich, 2024. "The Impact of China’s “Stadium Diplomacy” on Local Economic Development in Sub-Saharan Africa," CESifo Working Paper Series 10893, CESifo.
    4. Krystian Zawadzki, 2015. "Estimation Of The Willingness-To-Pay For Preserving The Football Arena In Gdansk," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 11(1), pages 44-55, August.
    5. Ferrir, Richard, 2015. "The model of financing of Euro 2012 in Poland and in other UEFA European Championships hosts – comparative analysis," MPRA Paper 68207, University Library of Munich, Germany.
    6. Ferrir, Richard, 2015. "Infrastructural investments in the Euro 2012 host cities in Poland," MPRA Paper 64685, University Library of Munich, Germany.
    7. Ferrir, Richard, 2015. "The infrastructural investments in the Polish Euro 2012 host cities," MPRA Paper 63280, University Library of Munich, Germany.
    8. Ferrir, Richard, 2015. "Major infrastructure changes occurring in Polish host cities in connection with the staging of Euro 2012," MPRA Paper 68209, University Library of Munich, Germany.
    9. Lindlacher, Valentin & Pirich, Gustav, 2025. "The Impact of China’s “Stadium Diplomacy” on Local Economic Development in Sub-Saharan Africa," World Development, Elsevier, vol. 185(C).

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    JEL classification:

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

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