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Sports Mega-Events and Economic Growth: A Synthetic Control Approach

Author

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  • MichaÅ‚ Marcin Kobierecki
  • MichaÅ‚ Pierzgalski

Abstract

This paper contributes to the current literature investigating whether hosting sports mega-events brings tangible economic benefits to the host country. Specifically, we examine whether staging the Olympic Games and the FIFA World Cups leads to observable economic growth. The research has been conducted through a quasi-experimental study in the spirit of the difference-in-differences method. The research subject includes states in which the Olympic Games and FIFA World Cup were held between 2010 and 2016: Canada, South Africa, Great Britain, and Brazil. We found that there is no significant effect of hosting sports mega-events on economic growth.

Suggested Citation

  • MichaÅ‚ Marcin Kobierecki & MichaÅ‚ Pierzgalski, 2022. "Sports Mega-Events and Economic Growth: A Synthetic Control Approach," Journal of Sports Economics, , vol. 23(5), pages 567-597, June.
    • Handle: RePEc:sae:jospec:v:23:y:2022:i:5:p:567-597
    DOI: 10.1177/15270025211071029
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    References listed on IDEAS

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    3. 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.

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