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Trading Effects of FIFA World Cup

Veysel Avsar () and Umut Unal ()

No 1107, Working Papers from Florida International University, Department of Economics

Abstract: This study analyzes the trading effects of FIFA World Cup in two dimensions. First, focusing on the host countries' trade and estimating both static OLS and dynamic panel estimations, we show that participating in the World Cup significantly increases exports from the participant countries to the host countries, relative to a control group of non-participants. We also obtain the same pattern for the exports originating from the host countries to the articipants. Second, we demonstrate that trade is reasonably higher for host-participant pairs compared to other country pairs both in the years of the World Cup and permanently over the sample of our data. We offer a number of plausible arguments and important channels for our findings.

Keywords: Trade; World Cup; mega sports events (search for similar items in EconPapers)
JEL-codes: F19 L83 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-spo
Date: 2011-07
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http://economics.fiu.edu/research/working-papers/2011/1107/1107.pdf Second version, 2014 (application/pdf)

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Journal Article: Trading Effects of the FIFA World Cup (2014) Downloads
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