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on Tourism Economics |
| By: | Dennis Coates (Department of Economics, University of Maryland, Baltimore County); Victor Matheson (Department of Economics, College of the Holy Cross) |
| Abstract: | This paper examines the relationship between hosting mega-events such as the Super Bowl, Olympics, and World Cup and rental housing prices in host cities. If mega-events are amenities for local residents, then rental housing prices can serve as a proxy for estimating residents’ willingness to pay for these amenities. An analysis of rental prices in a panel of American cities from 1993-2005 fails to find a consistent impact of mega-events on rental prices. When controls are placed on the regression models to account for nationwide annual fluctuations in rental prices, mega-events generally exhibit little impact on rental prices in cities as a whole and are as likely to reduce rental prices as increase them. Somewhat stronger evidence exists, however, that mega-events affect rental prices outside of the center city in a fundamentally different manner than in the city core. |
| Keywords: | sports, stadiums, franchises, impact analysis, mega-event, housing |
| JEL: | L83 O18 R53 |
| Date: | 2009–02 |
| URL: | http://d.repec.org/n?u=RePEc:spe:wpaper:0902&r=tur |
| By: | Silvio Giove (Ca’ Foscari University of Venice); Paolo Rosato (University of Trieste); Margaretha Breil (Ca’ Foscari University of Venice, FEEM) |
| Abstract: | The paper presents a multiple criteria model for the evaluation of the sustainability of projects for the economic re-use of historical buildings in Venice. The model utilises the relevant parameters for the appraisal of sustainability, aggregated into three macroindicators: intrinsic sustainability, context sustainability and economic-financial feasibility. The model has been calibrated by a panel of experts and tested on two reuse hypothesis of the Old Arsenal in Venice. |
| Keywords: | multiple criteria valuation, economic reuse, historical building conservation |
| JEL: | Z1 R52 |
| Date: | 2009 |
| URL: | http://d.repec.org/n?u=RePEc:ven:wpaper:2009_03&r=tur |
| By: | Wolfgang Maennig (University of Hamburg); Florian Schwarthoff (GMP Gerkan Marg & Partners International) |
| Abstract: | For the FIFA World Cup 2010, South Africa plans to invest heavily. The positive economic effects that the country is hoping for stand in contrast to almost all statistical ex-post studies. This contribution emphasises that these results, usually from research under-taken in the USA, can only be generalised to a limited degree. The density of sports venues in developed countries is so high, that the marginal effects of new stadia are necessarily limited. We also emphasise that stadium design around the world was not hitherto adequately targeted towards positive economic effects. The example of Durban and its plans for a new “iconic” stadium is used to illustrate fundamental principles of stadium design and their embedding in a re-urbanisation process that have to be undertaken in order to consciously achieve positive regional economic effects. |
| Keywords: | stadium architecture, regional economics, sports economics, World Cup, Durban |
| JEL: | L83 |
| Date: | 2008–08 |
| URL: | http://d.repec.org/n?u=RePEc:spe:wpaper:0816&r=tur |
| By: | Brad Humphreys (University of Alberta); Jane Ruseski (University of Alberta) |
| Abstract: | We estimate the economic scope of the sports industry in the United States. Drawing on a variety of data sources, we investigate the economic size of sport participation, sports viewing, and the supply and demand side of the sports market in the United States. Estimates of the size of the sports industry based on aggregate demand and aggregate supply range from $44 to $73 billion in 2005. In addition, participation in sports and the opportunity time cost of attending sporting events are important, but hard to value, components of the industry. |
| Keywords: | sports economics |
| JEL: | L83 |
| Date: | 2008–06 |
| URL: | http://d.repec.org/n?u=RePEc:spe:cpaper:0833&r=tur |