IDEAS home Printed from https://ideas.repec.org/a/pal/palcom/v10y2023i1d10.1057_s41599-023-02074-2.html
   My bibliography  Save this article

The relation between football clubs and economic growth: the case of developed countries

Author

Listed:
  • Murat Aygün

    (Ardahan University)

  • Yunus Savaş

    (Bitlis Eren University)

  • Dilek Alma Savaş

    (Bitlis Eren University)

Abstract

It is believed that societies use sports as a tool for their social and cultural development. In particular, developed countries have embraced sports as part of their lives and have ranked it as a source of economic growth. The increase in sports consumption and industries can contribute to economic growth, and economic growth can have a positive impact on sports industries vice versa. The wavelet methodology is a way to discover the relationship between sports and economic growth by examining frequency and time domain aspects and identifying shorter to longer-term relationships continuously. The industrial production of different countries has experienced short and medium-term cycles around the year 2020. In contrast, the values of football clubs in these countries have shown minimal fluctuations, despite the emergence of some areas with slight significance. The cross wavelet analysis asserted the significance relation revealed after the covid 19 restrictions, both in shorter and longer periods. The wavelet coherence analysis showed that co-movement was observed in short-term cycles in countries across the periods while long-term co-movements are observed only in only in small areas or generally out of cone of influence.

Suggested Citation

  • Murat Aygün & Yunus Savaş & Dilek Alma Savaş, 2023. "The relation between football clubs and economic growth: the case of developed countries," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
    • Handle: RePEc:pal:palcom:v:10:y:2023:i:1:d:10.1057_s41599-023-02074-2
    DOI: 10.1057/s41599-023-02074-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s41599-023-02074-2
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1057/s41599-023-02074-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Tetiana Kharchenko & Liu Ziming, 2021. "The Relationship between Sports Industry Development and Economic Growth in China," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 136-140, March.
    2. Wladimir Andreff, 2001. "The Correlation between Economic Underdevelopment and Sport," Post-Print halshs-00274657, HAL.
    3. Doherty, Alison, 2006. "Sport Volunteerism: An Introduction to the Special Issue," Sport Management Review, Elsevier, vol. 9(2), pages 105-109, September.
    4. John Charles Bradbury, 2019. "Determinants Of Revenue In Sports Leagues: An Empirical Assessment," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 121-140, January.
    5. Alison Doherty, 2006. "Sport Volunteerism: An Introduction to the Special Issue," Sport Management Review, Taylor & Francis Journals, vol. 9(2), pages 105-109, May.
    6. Kellett, Pamm & Russell, Roslyn, 2009. "A comparison between mainstream and action sport industries in Australia: A case study of the skateboarding cluster," Sport Management Review, Elsevier, vol. 12(2), pages 66-78, May.
    7. Andrea Giampiccoli & Seungwon ‘Shawn' Lee & John Nauright, 2015. "Destination South Africa: comparing global sports mega-events and recurring localised sports events in South Africa for tourism and economic development," Current Issues in Tourism, Taylor & Francis Journals, vol. 18(3), pages 229-248, March.
    8. Yu-hua Qiu & Xin-jian Luo & Yu-qin Liu, 2013. "The Influences of Sports Consumption on Expanding Domestic Needs and Its Function of Promoting Economic Growth," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 313-319, Springer.
    9. Dennis Coates & Brad R. Humphreys, 2003. "Professional Sports Facilities, Franchises and Urban Economic Development," UMBC Economics Department Working Papers 03-103, UMBC Department of Economics.
    10. Pamm Kellett & Roslyn Russell, 2009. "A comparison between mainstream and action sport industries in Australia: A case study of the skateboarding cluster," Sport Management Review, Taylor & Francis Journals, vol. 12(2), pages 66-78, April.
    11. Gerd Ahlert, 2001. "The Economic Effects of the Soccer World Cup 2006 in Germany with Regard to Different Financing," Economic Systems Research, Taylor & Francis Journals, vol. 13(1), pages 109-127.
    12. Michał Marcin Kobierecki & Michał Pierzgalski, 2022. "Sports Mega-Events and Economic Growth: A Synthetic Control Approach," Journal of Sports Economics, , vol. 23(5), pages 567-597, June.
    13. Ana Chersulich Tomino & Marko Perić & Nicholas Wise, 2020. "Assessing and Considering the Wider Impacts of Sport-Tourism Events: A Research Agenda Review of Sustainability and Strategic Planning Elements," Sustainability, MDPI, vol. 12(11), pages 1-18, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Massimiliano M. Pellegrini & Riccardo Rialti & Giacomo Marzi & Andrea Caputo, 2020. "Sport entrepreneurship: A synthesis of existing literature and future perspectives," International Entrepreneurship and Management Journal, Springer, vol. 16(3), pages 795-826, September.
    2. Gerke, Anna & Babiak, Kathy & Dickson, Geoff & Desbordes, Michel, 2018. "Developmental processes and motivations for linkages in cross-sectoral sport clusters," Sport Management Review, Elsevier, vol. 21(2), pages 133-146.
    3. Anna Gerke, 2015. "Interorganizational linkages in sport industry clusters - types, development, and motives," Post-Print hal-01167403, HAL.
    4. Giannoulakis, Chrysostomos, 2016. "The “authenticitude” battle in action sports: A case-based industry perspective," Sport Management Review, Elsevier, vol. 19(2), pages 171-182.
    5. Trussell, Dawn E., 2016. "Young people's perspectives of parent volunteerism in community youth sport," Sport Management Review, Elsevier, vol. 19(3), pages 332-342.
    6. Gerke, Anna & Woratschek, Herbert & Dickson, Geoff, 2020. "The sport cluster concept as middle-range theory for the sport value framework," Sport Management Review, Elsevier, vol. 23(2), pages 200-214.
    7. Georgia Teare & Marijke Taks, 2021. "Exploring the Impact of the COVID-19 Pandemic on Youth Sport and Physical Activity Participation Trends," Sustainability, MDPI, vol. 13(4), pages 1-15, February.
    8. John Charles Bradbury & Dennis Coates & Brad R. Humphreys, 2023. "The impact of professional sports franchises and venues on local economies: A comprehensive survey," Journal of Economic Surveys, Wiley Blackwell, vol. 37(4), pages 1389-1431, September.
    9. Hagn, Florian & Maennig, Wolfgang, 2008. "Employment effects of the Football World Cup 1974 in Germany," Labour Economics, Elsevier, vol. 15(5), pages 1062-1075, October.
    10. Anna Gerke & Michel Desbordes & Geoff Dickson, 2011. "The relationship between inter-organisational citizenship behaviour and innovation within sport clusters - a cross-cultural approach," Post-Print hal-00716680, HAL.
    11. Stan du Plessis & Wolfgang Maennig, 2007. "World Cup 2010: South African Economic Perspectives and Perspectives Policy Challenges Informed by the Experience of Germany 2006," Working Papers 004, Chair for Economic Policy, University of Hamburg.
    12. Phillips, Pamm & Newland, Brianna, 2014. "Emergent models of sport development and delivery: The case of triathlon in Australia and the US," Sport Management Review, Elsevier, vol. 17(2), pages 107-120.
    13. Gerke, Anna & Dickson, Geoff & Desbordes, Michel & Gates, Stephen, 2017. "The role of interorganizational citizenship behaviors in the innovation process," Journal of Business Research, Elsevier, vol. 73(C), pages 55-64.
    14. Jason A. Winfree, 2021. "If You Don'T Like The Outcome, Change The Contest," Economic Inquiry, Western Economic Association International, vol. 59(1), pages 329-343, January.
    15. Stephan Gundel & Achim Hecker, 2006. "Funding and operation of stadiums and arenas beside high-class leagues," Working Papers 0604, International Association of Sports Economists;North American Association of Sports Economists.
    16. Maria Morfoulaki & Glykeria Myrovali & Kornilia-Maria Kotoula & Thomas Karagiorgos & Kostas Alexandris, 2023. "Sport Tourism as Driving Force for Destinations’ Sustainability," Sustainability, MDPI, vol. 15(3), pages 1-21, January.
    17. Anastasia Stathopoulou & Tommy Kweku Quansah & George Balabanis, 2022. "The Blinding Effects of Team Identification on Sports Corruption: Cross-Cultural Evidence from Sub-Saharan African Countries," Journal of Business Ethics, Springer, vol. 179(2), pages 511-529, August.
    18. Florian Hagn & Wolfgang Maennig, 2007. "Labour Market Effects of the 2006 Soccer World Cup in Germany," Working Papers 008, Chair for Economic Policy, University of Hamburg.
    19. Bruce K. Johnson & John C. Whitehead & Daniel S. Mason & Gordon J. Walker, 2007. "Willingness To Pay For Amateur Sport And Recreation Programs," Contemporary Economic Policy, Western Economic Association International, vol. 25(4), pages 553-564, October.
    20. Francisco Triguero‐Ruiz & Antonio Avila‐Cano, 2023. "On competitive balance in the group stage of the UEFA Champions League," Scottish Journal of Political Economy, Scottish Economic Society, vol. 70(3), pages 231-248, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palcom:v:10:y:2023:i:1:d:10.1057_s41599-023-02074-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: https://www.nature.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.