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Investment in Stadia and Regional Economic Development - Evidence from FIFA World Cup 2006

Author

Listed:
  • Arne Feddersen

    () (Chair for Economic Policy, University of Hamburg)

  • André Grötzinger
  • Wolfgang Maennig

    () (Chair for Economic Policy, University of Hamburg)

Abstract

Using the case of the new stadiums for the FIFA World Cup 2006 in Germany, this paper is the first multivariate work that examines the potential income and employment effects of new stadiums outside of the USA. This study is also the first work on this topic that conducts tests on the basis of a (serial correlation consistent) Difference-in-Difference model with level and trends. As a robustness check, we use the “ignoring time series information” model in a form that is modified for nonsynchronous interventions. We were not able to identify income or employment effects of the construction of new stadiums for the FIFA World Cup 2006, which are significantly different from zero.

Suggested Citation

  • Arne Feddersen & André Grötzinger & Wolfgang Maennig, 2008. "Investment in Stadia and Regional Economic Development - Evidence from FIFA World Cup 2006," Working Papers 016, Chair for Economic Policy, University of Hamburg.
  • Handle: RePEc:hce:wpaper:016
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    File URL: http://www.hced.uni-hamburg.de/WorkingPapers/016.pdf
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    References listed on IDEAS

    as
    1. Arne Feddersen & Wolfgang Maennig, 2005. "Trends in Competitive Balance: Is there Evidence for Growing Imbalance in Professional Sport Leagues?," Working Papers 0012005, Chair for Economic Policy, University of Hamburg.
    2. Wolfgang Maennig & Florian Schwarthoff, 2006. "Stadium Architecture and regional economic development: International experience and the plans of Durban," Working Papers 200604, Chair for Economic Policy, University of Hamburg.
    3. Arne Feddersen, 2006. "Economic Consequences of the UEFA Champions League for National Championships - The Case of Germany," Working Papers 0012006, Chair for Economic Policy, University of Hamburg.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Arne Feddersen & Wolfgang Maennig, 2013. "Mega-Events And Sectoral Employment: The Case Of The 1996 Olympic Games," Contemporary Economic Policy, Western Economic Association International, vol. 31(3), pages 580-603, July.
    2. Ferrir, Richard, 2015. "The model of financing of Euro 2012 in Poland and in other UEFA European Championships hosts – comparative analysis," MPRA Paper 68207, University Library of Munich, Germany.
    3. 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.
    4. Ferrir, Richard, 2015. "Infrastructural investments in the Euro 2012 host cities in Poland," MPRA Paper 64685, University Library of Munich, Germany.
    5. Philip K. Porter & Daniel M. Chin, 2012. "Economic Impact of Sports Events," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 15, Edward Elgar Publishing.
    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. Robert Baumann & Victor Matheson, 2018. "Mega‐Events And Tourism: The Case Of Brazil," Contemporary Economic Policy, Western Economic Association International, vol. 36(2), pages 292-301, April.
    8. Ferrir, Richard, 2015. "Degree of completion of the projects undertaken as part of preparations for Euro 2012," MPRA Paper 68208, University Library of Munich, Germany.
    9. Ferrir, Richard, 2015. "The infrastructural investments in the Polish Euro 2012 host cities," MPRA Paper 63280, University Library of Munich, Germany.
    10. Ferrir, Richard, 2015. "Major infrastructure changes occurring in Polish host cities in connection with the staging of Euro 2012," MPRA Paper 68209, University Library of Munich, Germany.
    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. Ogawa, Ryoh, 2017. "Using REIT Data to Assess the Economic Worth of Mega-Events: The Case of the 2020 Tokyo Olympics," MPRA Paper 78829, University Library of Munich, Germany.
    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. Robert Baade & Victor Matheson, 2011. "An Evaluation of the Economic Impact of National Football League Mega-events," Working Papers 1119, International Association of Sports Economists;North American Association of Sports Economists.
    15. Christian Dragin-Jensen, 2016. "Mutual Image Impacts of Events and Host Destinations: What We Know From Prior Research," Working Papers 122/16, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.

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    More about this item

    Keywords

    Sports Economics; Regional Economics; Stadia Infrastructure; Difference-in-Difference Model;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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