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The Economic Impact of the World Cup

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  • Stefan Szymanski

Abstract

The World Cup will be the biggest sporting event of 2002, but the Japanese and Korean governments are also hoping that it will be one of the biggest economic events of the year. Impact studies by respected economic research institutes predict a dramatic boost to GDP in both countries. This paper explains how these forecasts are generated and explains the tendency for such forecasts to be over-optimistic. The paper concludes with some policy recommendations for governments and sporting bodies considering hosting such events.

Suggested Citation

  • Stefan Szymanski, 2002. "The Economic Impact of the World Cup," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 3(1), pages 169-177, January.
    • Handle: RePEc:wej:wldecn:96
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Coupe du Monde de la FIFA 2014 au Brésil : est-ce vraiment rentable ?
      by julien.moussavi@gmail.com (Julien Moussavi) in BS Initiative on 2014-06-05 13:28:44

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    Cited by:

    1. Florian Hagn & Wolfgang Maennig, 2007. "Labour Market Effects of the 2006 Soccer World Cup in Germany," Working Papers 0716, International Association of Sports Economists;North American Association of Sports Economists.
    2. Malte Heyne & Wolfgang Maennig & Bernd Süssmuth, 2007. "Mega-sporting Events as Experience Goods," Working Papers 0706, International Association of Sports Economists;North American Association of Sports Economists.
    3. Wolfgang Maennig & Marcel Porsche, 2008. "The Feel-good Effect at Mega Sports Events. Recommendations for Public and Private Administration Informed by the Experience of the FIFA World Cup 2006," Working Papers 0817, International Association of Sports Economists;North American Association of Sports Economists.
    4. Robert Baumann & Bryan Engelhardt & Victor A. Matheson, 2012. "Labor Market Effects of the World Cup: A Sectoral Analysis," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 22, Edward Elgar Publishing.
    5. Hagn, Florian & Maennig, Wolfgang, 2008. "Employment effects of the Football World Cup 1974 in Germany," Labour Economics, Elsevier, vol. 15(5), pages 1062-1075, October.
    6. Johan Fourie & Maria Santana-Gallego, 2017. "The Invisible Hand of Thierry Henry," Journal of Sports Economics, , vol. 18(7), pages 750-766, October.
    7. Day Yang Liu & Wen Chun Tsai & Pei Leen Liu & Chung Yi Fang, 2021. "Determinants of sales revenue in innovation diffusion effects of Taiwan sports lottery during the FIFA World Cup 2018," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(4), pages 43-58, June.
    8. Mills, Brian M. & Rosentraub, Mark S., 2013. "Hosting mega-events: A guide to the evaluation of development effects in integrated metropolitan regions," Tourism Management, Elsevier, vol. 34(C), pages 238-246.
    9. Feddersen, Arne & Maennig, Wolfgang, 2012. "Sectoral labour market effects of the 2006 FIFA World Cup," Labour Economics, Elsevier, vol. 19(6), pages 860-869.
    10. Peter A. Groothuis & Kurt W. Rotthoff, 2016. "The Economic Impact and Civic Pride Effects of Sports Teams and Mega-Events: Do The Public and the Professionals Agree?," Economic Affairs, Wiley Blackwell, vol. 36(1), pages 21-32, February.
    11. Elmer Sterken, 2012. "Economic Impact of Organizing Large Sporting Events," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 20, Edward Elgar Publishing.
    12. M.R. van den Berg & M. de Nooij, 2013. "The bidding paradox: why economists, consultants and politicians disagree on the economic effects of mega sports events but might agree on their attractiveness," Working Papers 13-08, Utrecht School of Economics.
    13. Douglas Barrios & Stuart Russell & Matt Andrews, 2016. "Bringing Home the Gold? A Review of the Economic Impact of Hosting Mega-Events," CID Working Papers 320, Center for International Development at Harvard University.
    14. Pete Groothuis & Kurt W. Rotthoff, 2014. "Surveying the Literature and the People: The Economic Impact of Sports Teams and Civic Pride," Working Papers 14-05, Department of Economics, Appalachian State University.
    15. Bernd Süssmuth & Malte Heyne & Wolfgang Maennig, 2010. "Induced Civic Pride and Integration," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 72(2), pages 202-220, April.
    16. Markus LANG & Alexander RATHKE & Marco RUNKEL, 2010. "The Economic Consequences Of Foreigner Rules In National Sports Leagues," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 31, pages 47-64.
    17. M. de Nooij & M.R. van den Berg, 2013. "The bidding paradox: why rational politicians still want to bid for mega sports events," Working Papers 13-09, Utrecht School of Economics.
    18. Fourie, Johan & Santana-Gallego, María, 2011. "The impact of mega-sport events on tourist arrivals," Tourism Management, Elsevier, vol. 32(6), pages 1364-1370.
    19. Stefan Szymanski & Bastien Drut, 2020. "The Private Benefit of Public Funding: The FIFA World Cup, UEFA European Championship, and Attendance at Host Country League Soccer," Journal of Sports Economics, , vol. 21(7), pages 723-745, October.
    20. Stefan Kesenne, 2012. "The Economic Impact, Costs and Benefits of the FIFA World Cup and the Olympic Games: Who Wins, Who Loses?," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 16, Edward Elgar Publishing.
    21. Sun, Ya-Yen & Rodriguez, Ariel & Wu, Jih-Hwa & Chuang, Shu-Tzu, 2013. "Why hotel rooms were not full during a hallmark sporting event: The 2009 World Games experience," Tourism Management, Elsevier, vol. 36(C), pages 469-479.
    22. Ageev, V. & Altukhov, S., 2018. "Comparative Analysis of Costs and Economic Effects of the FIFA World Cups (1998-2018)," Journal of the New Economic Association, New Economic Association, vol. 40(4), pages 158-167.
    23. Daniel Weimar & Claudio M. Rocha, 2019. "Does Distance Matter? Geographical Distance and Domestic Support for Mega Sports Events," Journal of Sports Economics, , vol. 20(2), pages 286-313, February.
    24. WOLFGANG MAENNIG & STAN Du PLESSIS, 2007. "World Cup 2010: South African Economic Perspectives And Policy Challenges Informed By The Experience Of Germany 2006," Contemporary Economic Policy, Western Economic Association International, vol. 25(4), pages 578-590, October.
    25. Michał Marcin Kobierecki & Michał Pierzgalski, 2022. "Sports Mega-Events and Economic Growth: A Synthetic Control Approach," Journal of Sports Economics, , vol. 23(5), pages 567-597, June.

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