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The Economic Salience of Sports in Colombia: A Satellite Accounts Methodology

Author

Listed:
  • Andrea Ruiz Molina
  • Elkin Argiro Muñoz Arroyave
  • Ramón Javier Mesa Callejas

Abstract

Sports economics has acquired relevance among scholars and as a field because of the salience of sports as an economic sector. Parting from this idea and a lack of studies measuring the value of sports in the Colombian economy, this paper proposes a Satellite Accounts methodology for valuing sports in Colombia. Hence, the main contribution of this study is a theoretical design of an accounting system based on the Nationals Accounts System of the United Nations. Also, following a circular flow of income and product approach, this framework depicts the main economic activities related to sports in Colombia.

Suggested Citation

  • Andrea Ruiz Molina & Elkin Argiro Muñoz Arroyave & Ramón Javier Mesa Callejas, 2010. "The Economic Salience of Sports in Colombia: A Satellite Accounts Methodology," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 72, pages 141-168.
  • Handle: RePEc:lde:journl:y:2010:i:72:p:141-168
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    Keywords

    Satellite Accounts; National Accounting; Sports Economy;

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • H4 - Public Economics - - Publicly Provided Goods
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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