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

Arne Feddersen, Wolfgang Maennig, Andre L. Grötzinger

Research output: Contribution to journalJournal articleResearchpeer-review

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.
Original languageEnglish
JournalInternational Journal of Sport Finance
Volume4
Issue number4
Pages (from-to)221–239
Number of pages19
ISSN1558-6235
Publication statusPublished - 2009

Fingerprint

Regional economic development
Stadium
Income effect
Employment effects
Serial correlation
Information model
Difference-in-differences
Robustness
Germany

Keywords

  • Sports Economics
  • Regional Economics
  • Stadium infrastructure
  • Difference-in-difference

Cite this

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title = "Investment in Stadia and Regional Economic Development: Evidence from FIFA World Cup 2006",
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Investment in Stadia and Regional Economic Development : Evidence from FIFA World Cup 2006. / Feddersen, Arne; Maennig, Wolfgang; Grötzinger, Andre L.

In: International Journal of Sport Finance, Vol. 4, No. 4, 2009, p. 221–239.

Research output: Contribution to journalJournal articleResearchpeer-review

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AU - Maennig, Wolfgang

AU - Grötzinger, Andre L.

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AB - 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.

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KW - Regional Economics

KW - Stadium infrastructure

KW - Difference-in-difference

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JO - International Journal of Sport Finance

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