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

International Journal of Sport Finance, Vol. 4, No. 4, 2009

Posted: 8 Jan 2010

See all articles by Arne Feddersen

Arne Feddersen

Hamburg University of Economics and Politics

André Grötzinger

affiliation not provided to SSRN

Wolfgang Maennig

Universität Hamburg, Faculty of Business, Economics and Social Sciences

Multiple version iconThere are 2 versions of this paper

Date Written: January 5, 2010

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.

Keywords: Sports Economics, Regional Economics, Stadia Infrastructure, Difference-in-Difference Model

JEL Classification: H54, L83, R12, R53

Suggested Citation

Feddersen, Arne and Grötzinger, André and Maennig, Wolfgang, Investment in Stadia and Regional Economic Development - Evidence from FIFA World Cup 2006 (January 5, 2010). International Journal of Sport Finance, Vol. 4, No. 4, 2009. Available at SSRN: https://ssrn.com/abstract=1531809

Arne Feddersen

Hamburg University of Economics and Politics ( email )

Von-Melle-Park 9
Hamburg, 20149
Germany

André Grötzinger

affiliation not provided to SSRN ( email )

Wolfgang Maennig (Contact Author)

Universität Hamburg, Faculty of Business, Economics and Social Sciences ( email )

Von-Melle-Park 5
Hamburg, 20146
Germany

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