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New Stadia and Regional Economic Development

Author

Listed:
  • Arne Feddersen

    () (University of Hamburg)

  • André L. Grötzinger

    (University of Hamburg)

  • Wolfgang Maennig

    () (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 L. Grötzinger & Wolfgang Maennig, 2008. "New Stadia and Regional Economic Development," IASE Conference Papers 0801, International Association of Sports Economists.
  • Handle: RePEc:spe:cpaper:0801
    as

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    File URL: http://web.holycross.edu/RePEc/spe/FeddersenGrotzingerMaennig_NewStadia.pdf
    File Function: Paper presented at the 10th annual IASE Conference in Gijón, Spain, May 2008
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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)

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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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