The Economic Salience of Sports in Colombia: A Satellite Accounts Methodology

Andrea Ruiz Molina, Elkin Argiro Muñoz Arroyave and Ramón Javier Mesa Callejas

Lecturas de Economía, 2010, issue 72, 141-168

Abstract: Sports economics has acquired relevance among scholars and as a field because of the salience of sports as an economic sector. Parting from this idea and a lack of studies measuring the value of sports in the Colombian economy, this paper proposes a Satellite Accounts methodology for valuing sports in Colombia. Hence, the main contribution of this study is a theoretical design of an accounting system based on the Nationals Accounts System of the United Nations. Also, following a circular flow of income and product approach, this framework depicts the main economic activities related to sports in Colombia.

Keywords: Satellite Accounts; National Accounting; Sports Economy (search for similar items in EconPapers)
JEL-codes: B4 E01 H4 L83 (search for similar items in EconPapers)
Date: 2010
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