Mega-Sporting Events in Developing Nations: Playing the Way to Prosperity?
Supporters of mega-sporting events such as the World Cup and Olympics claim that these events attract hoards of wealthy visitors and lead to lasting economic benefits for the host regions. Developing countries have become increasingly vocal in demanding a share of the economic benefits of these international games. The specialized infrastructure and operating expenses required to host these events, however, can be substantial. Independent researchers have found that boosters’ projections of the economic impact of sporting events exaggerate the true economic impact of these competitions, and these events are an even worse investment for developing countries than for industrialized nations.
|Date of creation:||Sep 2004|
|Date of revision:|
|Publication status:||Published in South African Journal of Economics, Vol. 72:5, December 2004, pp. 1084-1095.|
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- Robert Baade & Victor Matheson, 2000. "Bidding for the Olympics: Fools Gold?," IASE Conference Papers 0007, International Association of Sports Economists.
- Robert Baade & Victor Matheson, 2004.
"The Quest for the Cup: Assessing the Economic Impact of the World Cup,"
IASE Conference Papers
0406, International Association of Sports Economists.
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- John J. Siegfried & Andrew Zimbalist, 2000. "The Economics of Sports Facilities and Their Communities," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 95-114, Summer.
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