Investment in stadia and regional economic development: evidence from FIFA World Cup 2006 stadia

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 (se...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Feddersen, Arne 1974- (VerfasserIn), Grötzinger, André L. (VerfasserIn), Maennig, Wolfgang 1960- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Hamburg Univ., Faculty Economics and Social Science, Chair for Economic Policy 2008
Ausgabe:[Version: October 2008]
Schriftenreihe:Hamburg contemporary economic discussions 16
Zusammenfassung: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.
Beschreibung:Online-Ausg. im Internet
Beschreibung:17 S. Kt.
ISBN:9783940369468