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The Quest for the Cup: Assessing the Economic Impact of the World Cup

Author

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  • Robert Baade
  • Victor Matheson

Abstract

Baade R. A. and Matheson V. A. (2004) The quest for the cup: assessing the economic impact of the World Cup, Reg. Studies 38, 343-354. Hosting the World Cup, the world's second largest sporting event, is a potentially expensive affair. The co-hosts of the 2002 games, Japan and South Korea, spent a combined US$4 billion building new facilities or refurbishing old facilities in preparation for the event. An ex post analysis of the 1994 World Cup held in the US suggests that the economic impact of the event cannot justify this magnitude of expenditures and that host cities experienced cumulative losses of $5·5 to $9·3 billion as opposed to ex ante estimates of a $4 billion gain touted by event boosters. Potential hosts should consider with care whether the award of the World Cup is an honour or a burden.

Suggested Citation

  • Robert Baade & Victor Matheson, 2004. "The Quest for the Cup: Assessing the Economic Impact of the World Cup," Regional Studies, Taylor & Francis Journals, vol. 38(4), pages 343-354.
  • Handle: RePEc:taf:regstd:v:38:y:2004:i:4:p:343-354
    DOI: 10.1080/03434002000213888
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    Keywords

    Sports; Soccer; Football; World Cup; Stadiums; Sports; 'Soccer'; Football; Coupe du Monde Stades; Sport; Fussball; Weltmeisterschaftspokal Stadien; Deportes; Futbol; Copa del Mundo; Estadios;

    JEL classification:

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

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