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The Economic Impact of the World Cup

Author Info

Listed author(s):
  • 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.

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File URL: http://www.world-economics-journal.com/Contents/ArticleOverview.aspx?ID=96
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Article provided by World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE in its journal World Economics Journal.

Volume (Year): 3 (2002)
Issue (Month): 1 (January)
Pages: 169-177

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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 08:28:44
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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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: 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. Feddersen, Arne & Maennig, Wolfgang, 2012. "Sectoral labour market effects of the 2006 FIFA World Cup," Labour Economics, Elsevier, vol. 19(6), pages 860-869.
  7. Elmer Sterken, 2012. "Economic Impact of Organizing Large Sporting Events," Chapters, in: International Handbook on the Economics of Mega Sporting Events, chapter 20 Edward Elgar Publishing.
  8. 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.
  9. 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.
  10. 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, 04.
  11. 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.
  12. 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.
  13. Stefan Kesenne, 2012. "The Economic Impact, Costs and Benefits of the FIFA World Cup and the Olympic Games: Who Wins, Who Loses?," Chapters, in: International Handbook on the Economics of Mega Sporting Events, chapter 16 Edward Elgar Publishing.

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