TY - JOUR

T1 - On the economic impact of international sport events

T2 - Microevidence from survey data at the EURO 2008

AU - Lamla, Michael Josef

AU - Straub, Martin

AU - Girsberger, Esther Mirjam

PY - 2014/5/1

Y1 - 2014/5/1

N2 - Using firm-level data for more than 700 Swiss hotels and restaurants, we evaluate the economic impact of the EURO 2008 soccer championship in Switzerland. Although aggregated macrodata do not reveal any sizable economic impact, we report an overall negative effect based on the surveyed companies. Notably the reported effects of the individual firms are very heterogeneous. For instance, hotels in cities benefitted from the tournament as they were able to raise prices and thereby increase sales. Looking at the long-run impact only a small fraction of companies do believe in a positive effect. Interestingly, this outlook does not depend on realized sales, but on the guest structure.

AB - Using firm-level data for more than 700 Swiss hotels and restaurants, we evaluate the economic impact of the EURO 2008 soccer championship in Switzerland. Although aggregated macrodata do not reveal any sizable economic impact, we report an overall negative effect based on the surveyed companies. Notably the reported effects of the individual firms are very heterogeneous. For instance, hotels in cities benefitted from the tournament as they were able to raise prices and thereby increase sales. Looking at the long-run impact only a small fraction of companies do believe in a positive effect. Interestingly, this outlook does not depend on realized sales, but on the guest structure.

KW - Euro 2008

KW - firm-level data

KW - mega-event

KW - Economics

UR - http://www.scopus.com/inward/record.url?scp=84894275701&partnerID=8YFLogxK

U2 - 10.1080/00036846.2014.881972

DO - 10.1080/00036846.2014.881972

M3 - Journal articles

AN - SCOPUS:84894275701

VL - 46

SP - 1693

EP - 1703

JO - Applied Economics

JF - Applied Economics

SN - 0003-6846

IS - 15

ER -