Summary
Contents
Subject index
Sports economics is a well-established and dynamic area of study; a key component in the fields of sport management, sport science and sport studies, as well as in other areas of economics, finance and management. Covering amateur to professional sports, individual events and organised tournaments, this Handbook provides an authoritative contribution to the understanding of sport in the economy. The editors of The SAGE Handbook of Sports Economics have brought together a global team of respected scholars to create this benchmark collection of insights into sports economics. Each chapter includes a study of a specific context in which issues arise in sports economics, a critical presentation of its main theoretical contributions, an overview of current research findings, and an outline of enquiry for future research. PART I: The Nature and Value of the Sports System and Economy; PART II: Amateur Sports Participation, Supply and Impact; PART III: Professional Team Sports; PART IV: Professional Sports Leagues; PART V: Sports Events and their Impacts; PART VI: Individual Sports; and PART VII: Future Research.
Major Events: Economic Impact
Major Events: Economic Impact
Introduction
Economic impact has developed into one of the most cited and used arguments to bid for major events. Ex-ante studies on the economic impact, which analyze regional income and employment impacts, are usually required by local chamberlains or regional financing authorities and occasionally are a basis for votes in the relevant assemblies, parliaments or public referenda. Occasionally, economic impact studies are required by law as proof of the efficient allocation of public resources.1 However, in most cases, economic impacts are part of public relations, attempting to convince the media and relevant stakeholders that the (planned) major event is beneficial for the local, regional or national economy and may, at least to a considerable ...
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