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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
An Analysis Of Drivers Of Mega-Events In Emerging Economies, Robert Baade, Victor Matheson
An Analysis Of Drivers Of Mega-Events In Emerging Economies, Robert Baade, Victor Matheson
Economics Department Working Papers
Developing countries that host mega-events such as the Olympic Games and World Cup invest enormous sums in stadiums and collateral infrastructure projects. The paper examines the motivations of countries to host these events and the typical economic outcome for those host sites lucky(?) enough be awarded the games. For both efficiency and equity reasons, these events are risk propositions at best, and they generally represent an even worse investment for developing countries than for industrialized nations.
Infrastructure Investments And Mega-Sports Events: Comparing The Experience Of Developing And Industrialized Countries, Robert Baumann, Victor Matheson
Infrastructure Investments And Mega-Sports Events: Comparing The Experience Of Developing And Industrialized Countries, Robert Baumann, Victor Matheson
Economics Department Working Papers
Countries vigorously compete for sports mega-events in hopes of generating an economic impact during the event but also long-term growth induced by the hallmark event. It is well understood that the economic legacy depends on the infrastructure that not only facilitates the games but also has far broader implications for sustainable economic activity in the host city’s economy. The purpose of this paper is to analyze the extent to which developing and developed countries adopt different strategies as it related to the composition of infrastructure enhancements that have implications for the generation of an economy legacy from the mega-sports event.
Assessing The Infrastructure Impact Of Mega-Events In Emerging Economies, Victor Matheson
Assessing The Infrastructure Impact Of Mega-Events In Emerging Economies, Victor Matheson
Economics Department Working Papers
Developing countries that host mega-events such as the Olympic Games and World Cup invest enormous sums in stadiums and collateral infrastructure projects. The rapid investment in long-lasting physical stocks raises questions of equity and efficiency for national taxpayers and event attendees. This paper reviews several cases of historical and recent mega-events to assess the infrastructure costs, returns on infrastructure investments, and impacts of the events on urban development patterns. It will highlight cases where mega-event investments contributed to long-term economic growth.
A Tale Of Two Stadiums: Comparing The Economic Impact Of Chicago’S Wrigley Field And U.S. Cellular Field, Victor Matheson, Robert Baade, Mimi Nikolova
A Tale Of Two Stadiums: Comparing The Economic Impact Of Chicago’S Wrigley Field And U.S. Cellular Field, Victor Matheson, Robert Baade, Mimi Nikolova
Economics Department Working Papers
Supporters of sports stadium construction often defend taxpayer subsidies for stadiums by suggesting that sports infrastructure can serve as an anchor for local economic redevelopment. Have such promises of economic rejuvenation been realized? The City of Chicago provides an interesting case study on how a new stadium, U. S. Cellular Field, has been integrated into its southside neighborhood in a way that may well have limited local economic activity. This economic outcome stands in stark contrast to Wrigley Field in northern Chicago which continues to experience a synergistic commercial relationship with its neighborhood.