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

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

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    Article provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.

    Volume (Year): (2010)
    Issue (Month): 72 ()
    Pages: 141-168

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    Handle: RePEc:lde:journl:y:2010:i:72:p:141-168
    Contact details of provider: Web page: http://economia.udea.edu.co
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