The Economic Impact of Major Road Cycling Events

Paul Hover ()
Additional contact information
Paul Hover: Mulier Institute

Chapter Chapter 5 in The Economics of Professional Road Cycling, 2022, pp 91-120 from Springer

Abstract: Abstract Major road cycling events bring about various types of impact. The types of impact and the stakeholders are set out in this chapter. Attention is also paid to activities supplementing the cycling event, aimed at generating additional impact, using the cycling event as a catalyst. Subsequently, economic impact will be discussed in detail. First, economic impact is defined and it is described how to measure it. Although at first sight conceptually uncomplicated, calculating the economic impact of a cycling event is full of twists and turns. Second, the strengths and weaknesses of the calculation of the economic impact of an event are delineated, and an alternative method is presented for capturing the money flows instigated by an event. This method is a cost-benefit analysis. Third, methods for capturing non-monetary impacts are outlined. Evaluating cycling events is often financial in nature, but other types of revenues and costs should not be underestimated. Lastly, the chapter concludes with an example of an economic impact study of Le Grand Départ in Utrecht in 2015.

Keywords: Road cycling events; Economic impact; Cost-benefit analysis; Tour de France; Legacy (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:semchp:978-3-031-11258-4_5

Ordering information: This item can be ordered from
http://www.springer.com/9783031112584

DOI: 10.1007/978-3-031-11258-4_5

Access Statistics for this chapter

More chapters in Sports Economics, Management, and Policy from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().