Start Date

25-4-2017 5:00 PM

End Date

25-4-2017 5:20 PM

Description

Big sporting events are big business. Cities and countries often lobby to host these events and spend large amounts of money in the process. This money is used for paying overtime to various public departments, like firefighters and police, the construction of facilities, infrastructure, and more. But is it worth it? That’s an open question, but many of these organizations hire firms to release economic impact studies. In this paper, we conduct a meta-analysis of economic impacts studies from forty-six different sporting events. The nature, size, and duration of the events vary these costs, and therefore the net economic impact varies based on where they occur, the duration of the event, and more. We estimate the average economic impact for events and use OLS regressions to examine seven different factors that influence the total and per day economic impact of various events.

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Apr 25th, 5:00 PM Apr 25th, 5:20 PM

Economic Impact of Sports Mega-events: A Meta-analysis

Big sporting events are big business. Cities and countries often lobby to host these events and spend large amounts of money in the process. This money is used for paying overtime to various public departments, like firefighters and police, the construction of facilities, infrastructure, and more. But is it worth it? That’s an open question, but many of these organizations hire firms to release economic impact studies. In this paper, we conduct a meta-analysis of economic impacts studies from forty-six different sporting events. The nature, size, and duration of the events vary these costs, and therefore the net economic impact varies based on where they occur, the duration of the event, and more. We estimate the average economic impact for events and use OLS regressions to examine seven different factors that influence the total and per day economic impact of various events.

 

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