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The Economic Impact, Costs and Benefits of the FIFA World Cup and the Olympic Games: Who Wins, Who Loses?

In: International Handbook on the Economics of Mega Sporting Events

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  • Stefan Kesenne

Abstract

From the Olympics to the World Cup, mega sporting events are a source of enjoyment for tens of thousands of people, but can also be a source of intense debate and controversy. This insightful Handbook addresses a number of central questions, including: How are host cities selected and under what economic conditions? How are these events organized, and how is local resistance overcome? Based on historical and empirical experience, what are the pitfalls for the organizers of these events? What are the potential economic benefits, including any international image effects? How can the costs be minimized and the benefits maximized for host cities and countries? How do these mega events impact the challenges of globalization and what is their environmental legacy?

Suggested Citation

  • 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.
    • Handle: RePEc:elg:eechap:14313_16
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    References listed on IDEAS

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    1. Stefan Szymanski, 2010. "The Economic Impact of the World Cup," Palgrave Macmillan Books, in: Football Economics and Policy, chapter 11, pages 226-235, Palgrave Macmillan.
    2. Florian Hagn & Wolfgang Maennig, 2009. "Large sport events and unemployment: the case of the 2006 soccer World Cup in Germany," Applied Economics, Taylor & Francis Journals, vol. 41(25), pages 3295-3302.
    3. Robert Baade & Victor Matheson, 2000. "Bidding for the Olympics: Fools Gold?," IASE Conference Papers 0007, International Association of Sports Economists.
    4. KÉSENNE, Stefan, "undated". "Do we need an economic impact study or a cost-benefit analysis of a sports event?," Working Papers 2005018, University of Antwerp, Faculty of Business and Economics.
    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.
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    Cited by:

    1. Nite, Calvin & Hutchinson, Michael & Bouchet, Adrien, 2019. "Toward an institutional theory of escalation of commitment within sport management: A review and future directions," Sport Management Review, Elsevier, vol. 22(5), pages 571-583.

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