Estimating Economic Regional Effects of Euro 2012 : Ex-ante and Ex-post Approach

• Autorzy: Barbara Despiney , Waldemar Karpa
• Języki publikacji: EN

Abstrakty

EN

Purpose: In this paper we evaluate both ex-ante and ex-post macroeconomic impact of EURO 2012TM on Polish regions.

Methodology: We start with modifying the Keynesian-style multiplier model to investigate the effects of Euro 2012-related spending on local economies. This specification permits us, on the one hand, to easily investigate the impact on each demand component, and, on the other hand, to calculate the magnitudes of these multipliers in order to judge the credibility of potential regional welfare benefits. This analysis is strengthened by taking into account the regional supply constraints. The second part of our study is devoted to an econometric estimation of long-run macroeconomic impact.

Findings: Our study does not provide a strong evidence of EURO 2012- specific effects. We find the regional multipliers' values ranging from 1,13 to 1,33 for four hosting regions. This translates into an uncommon statement of rather evenly developed regions. The ex-ante study also testifies of an importance of public expenditure in convergence process. In case of ex-post analysis, the estimates of regional production function reveal a modest positive effect of EURO 2012-related infrastructure spending. However, this effect is small, and there is no statistical evidence that hosting regions recorded an event-specific growth boost.

Research limitations: Both ex-ante and ex-post studies are sensitive to regional data, therefore, some calculations may suffer from disaggregation error. Additionally, ex-post analysis needs to be repeated in order to gain more insights from historical data. Finally, authors plan to complement the analysis by the Ukrainian study.

Originality: This is the first paper to date addressing the EURO 2012 macroeconomic impact from the regional perspective. (original abstract)

Słowa kluczowe

EN

Sport; Spillover effects; Sport events; Regional policy; Regional development support; European Football Championship EURO 2012

PL

Sport; Efekty zewnętrzne; Impreza sportowa; Polityka regionalna; Wspieranie rozwoju regionalnego; Mistrzostwa Europy w Piłce Nożnej EURO 2012

• Czasopismo: Management and Business Administration. Central Europe
• Rocznik: 2014
• Tom: 22
• Numer: nr 1
• Strony: 3--15

Twórcy

autor

Barbara Despiney

• Université Paris, France

autor

Waldemar Karpa

• Kozminski University, Warsaw, Poland

Bibliografia

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Identyfikatory

DOI

10.7206/mba.ce.2084-3356.87