|
on Sports and Economics |
| By: | David Castells-Quintana (Department of Applied Economics, Univ Autonoma de Barcelona, 08193 Bellaterra, Barcelona, Spain); Roberto Gasquez (Department of Economic History, Institutions, Politics and World Economy. Univ de Barcelona, 08034, Barcelona, Spain) |
| Abstract: | The connection between sports and development has long been highlighted in academia and policy debates. But the extent to which the success of professional sport teams can spur economic dynamism has hardly been studied in the literature. In this paper, we look at the potential connection between sporting success and economic development. We focus on club football and economic dynamism in European regions. To do so, we build a unique dataset with information for 395 football clubs, matched with economic information for 295 NUTS3 European regions, for the 2000-2020 period. Using several econometric techniques, we find robust evidence of a positive connection between club success and regional economic performance. This connection seems especially strong when sporting success comes from relatively modest clubs. |
| Keywords: | sport; football; regions; Europe; development. |
| Date: | 2024–11 |
| URL: | https://d.repec.org/n?u=RePEc:uab:wprdea:wpdea2402 |
| By: | Scott R. Baker; Justin Balthrop; Mark J. Johnson; Jason D. Kotter; Kevin Pisciotta |
| Abstract: | We estimate the causal effect of online sports betting on households' investment, spending, and debt management decisions using household transaction data and a staggered difference-in-differences framework. Following legalization, sports betting spreads quickly, with both the number of participants and frequency of bets increasing over time. This increase does not displace other gambling or consumption but significantly reduces savings, as risky bets crowd out positive expected value investments. These effects concentrate among financially constrained households, as credit card debt increases, available credit decreases, and overdraft frequency rises. Our findings highlight the potential adverse effects of online sports betting on vulnerable households. |
| JEL: | D14 G11 G18 G51 |
| Date: | 2024–11 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:33108 |
| By: | Higgs, James; Flowerday, Stephen |
| Abstract: | The video game market is forecasted to be valued at $321.6 billion by 2027. Today, younger generations increasingly prefer spending their leisurely time playing online video games. Beyond providing a leisurely – and often competitive – activity to the bulk of its user base, online video games provide cybercriminals with an environment that is free from the reigns of legal enforcement. More specifically, with the growing popularity and uptake of the microtransaction business model, money launderers are provided with novel channels to move their illicitly gained funds. A continuously expanding body of evidence underscores that money laundering is occurring through online video games. Foremost, cybercriminals are attracted to the anonymity and global reach offered by online video games with few to no controls currently in place to disrupt laundering processes. Furthermore, regulations are struggling to keep pace with the latest money laundering strategies employed by cybercriminals. This paper explores and discusses money laundering in the context of online video games. Core vulnerabilities enabling money laundering to occur through online video games are identified. Security controls to reduce the scale of laundering are proposed. |
| Date: | 2024–11–07 |
| URL: | https://d.repec.org/n?u=RePEc:osf:socarx:fyv6c |