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The Economic Impact Of Euro 2016. Methodological Aspects

Author

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  • Jean-Jacques Gouguet
  • Christophe Lepetit

Abstract

Assessing the economic impact of major sporting events has always beenthe subject of numerous expert disputes and it has also triggered heated debates ofpublic opinion on the legitimacy or not for countries or cities to host such events. Euro2016 gave us the opportunity to illustrate all these questions concerning themethodological problems posed by calculating its impact on the French economy, uponwhich rests the very issue of the scientific nature of the economy and the quality of theeconomic expertise. We therefore propose a summary of our study on the economicimpact of Euro 2016 in four stages: we first revisit all the methodological issues posedby this calculation; secondly, we present the different stages of the calculation, fromcollecting the information necessary for the final result in order to show, in a transparentway, how we sought to overcome the previous methodological difficulties; thirdly, wediscuss the main results obtained; and fourthly, we discuss possible extensions of themethod.

Suggested Citation

  • Jean-Jacques Gouguet & Christophe Lepetit, 2017. "The Economic Impact Of Euro 2016. Methodological Aspects," Rivista di Diritto ed Economia dello Sport, Centro di diritto e business dello Sport, vol. 13(2), pages 153-171, settembre.
  • Handle: RePEc:rde:rivdes:201702gouguet_lepetit
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    References listed on IDEAS

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    1. Victor Matheson, 2006. "Mega-Events: The effect of the world’s biggest sporting events on local, regional, and national economies," Working Papers 0610, College of the Holy Cross, Department of Economics.
    2. Holger Preuss, 2011. "A method for calculating the crowding-out effect in sport mega-event impact studies: The 2010 FIFA World Cup," Development Southern Africa, Taylor & Francis Journals, vol. 28(3), pages 367-385, September.
    3. Robert A. Baade & Victor A. Matheson, 2016. "Going for the Gold: The Economics of the Olympics," Journal of Economic Perspectives, American Economic Association, vol. 30(2), pages 201-218, Spring.
    4. Markus Brückner & Evi Pappa, 2015. "News Shocks in the Data: Olympic Games and Their Macroeconomic Effects," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(7), pages 1339-1367, October.
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    More about this item

    Keywords

    Macroeconomic impact; Mega-Sporting Events; Keynesian Model; Multiplier; Substitution Effect; Crowding-out Effect.;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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