Economical impact of sport events: evidence from euro, world cup

Abstract

This study examines the economic impact of hosting major sports events, specifically the Euro and World Cup, on the host countries. Using a regression model, the research analyzes the relationship between employment, export growth, tourism revenue, infrastructure development, and FDI with economic growth (GDPGROWTH) from 2000 to 2023. The results show that employment and export growth have a statistically significant positive impact on GDP growth, while tourism, infrastructure, and FDI did not show significant effects. The findings highlight that major sports events can stimulate job creation and exports, contributing to short-term economic growth. However, further research is needed to understand the indirect and long-term effects of tourism, infrastructure, and FDI on economic development. The study also emphasizes the importance of tailored policies for host nations to maximize the benefits of hosting major sports events.