The future development of world records

Franziska K. Kruse () and Wolfgang Maennig
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Franziska K. Kruse: Chair for Economic Policy, University of Hamburg

No 61, Working Papers from Chair for Economic Policy, University of Hamburg

Abstract: We conduct an innovative analysis of sporting world records by a) using economic instead of sporting determinants and b) by using multivariate stochastic frontier functions. Using data from 48 different disciplines between 1970 and 2014, we show that world records are close to full efficiency and therefore actual athletic frontiers. Forecasts including economic determinants imply that the dynamics of world records largely depend on the dynamics of the frontiers and their driving forces, i.e., socio-economic developments.

Keywords: World records; productivity growth; stochastic frontier function; technical efficiency (search for similar items in EconPapers)
JEL-codes: C10 C23 C53 L83 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2017-10-05
New Economics Papers: this item is included in nep-cul, nep-eff, nep-ore and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Published in Hamburg Contemporary Economic Discussions, Issue 61, 2017

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Persistent link: https://EconPapers.repec.org/RePEc:hce:wpaper:061

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