THE ECONOMIC IMPACT OF EURO 2016. METHODOLOGICAL ASPECTS

Jean-Jacques Gouguet and Christophe Lepetit

Rivista di Diritto ed Economia dello Sport, 2017, vol. 13, issue 2, 153-171

Abstract: Assessing the economic impact of major sporting events has always beenthe subject of numerous expert disputes and it has also triggered heated debates ofpublic opinion on the legitimacy or not for countries or cities to host such events. Euro2016 gave us the opportunity to illustrate all these questions concerning themethodological problems posed by calculating its impact on the French economy, uponwhich rests the very issue of the scientific nature of the economy and the quality of theeconomic expertise. We therefore propose a summary of our study on the economicimpact of Euro 2016 in four stages: we first revisit all the methodological issues posedby this calculation; secondly, we present the different stages of the calculation, fromcollecting the information necessary for the final result in order to show, in a transparentway, how we sought to overcome the previous methodological difficulties; thirdly, wediscuss the main results obtained; and fourthly, we discuss possible extensions of themethod.

Keywords: Macroeconomic impact; Mega-Sporting Events; Keynesian Model; Multiplier; Substitution Effect; Crowding-out Effect. (search for similar items in EconPapers)
JEL-codes: E22 L83 R15 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rde:rivdes:201702gouguet_lepetit

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