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Justification for government involvement in the hosting of sports events: Do projected impacts materialise? (Discussion paper 12.02 September 2012) Research Completed
Title
Justification for government involvement in the hosting of sports events: Do projected impacts materialise? (Discussion paper 12.02 September 2012)
Major sporting events are said to generate substantial economic impacts to host cities. Estimates of these impacts are typically used as justification for government involvement in the staging of such events. The majority of independent academic research, however, has found that ex-ante projections of economic impacts for host cities from major sporting events rarely materialise. This paper considers the realised economic impacts of fifteen major sporting events hosted in sixteen New Zealand cities between 1997 and 2009. Realised economic impacts are found to be the exception, not the rule.
Keywords:
Economic impact analysis; Major sports events; Local economic development
