Resource title

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

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Resource description

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.

Resource author

Arne Feddersen, André L. Grötzinger, Wolfgang Maennig

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25364

Resource license

Adapt according to the presented license agreement and reference the original author.