Empirical estimates of the impact of major sporting events on economic development[Эмпирические Оценки Влияния Крупных Спортивных Событий На Экономическое Развитие]

The impact of international sporting events, such as football championships or the Olympic Games, on economic growth is viewed by analysts and experts mainly in terms of short-term effects.More often they pay attention to how many tourists come to the Championship or the Olympics. The situation is much worse with the assessment of long-term results from international sporting events. However, it is the long-term effects that play a key role for catching-up economies in assessing the impact of organizing Championships and Olympics. The implementation of these events justifies itself if, thanks to them, export industries appear or develop in the economy, incl. tourism.This work is devoted to the econometric analysis of the consequences of the implementation of major sporting events for the economic development of countries. The first chapter provides an overview of foreign experience of such analysis; in the second chapter - an independent econometric study; in the conclusion, the calculation results are formulated.