On the Economic Impact of International Sport Events: Microevidence from Survey Data at the Euro 2008

KOF Working Papers No. 317

25 Pages Posted: 10 Oct 2012 Last revised: 15 Oct 2012

See all articles by Michael J. Lamla

Michael J. Lamla

ETH Zurich - KOF Swiss Economic Institute; University of Essex

Martin Straub

ETH Zürich - KOF Swiss Economic Institute

Esther Mirjam Girsberger

University of Technology Sydney (UTS) - UTS Business School - Economics Discipline Group; IZA Institute of Labor Economics

Date Written: October 9, 2012

Abstract

Using firm-level data for up to 707 Swiss hotels and restaurants we evaluate the economic impact of the EURO 2008 soccer championship. Although aggregated macro data reveal no economic impact, we report an overall negative effect based on the surveyed companies. Notably the reported effects of the individual firms are very heterogeneous. For instance, hotels in cities benefited from the tournament as they were able to raise prices and thereby increase profits. Looking at the long-run impact only a small fraction of companies do believe in a positive effect. Interestingly, this outlook does not depend on earnings, but on the guest structure.

Keywords: Euro 2008, mega-event, firm-level data

JEL Classification: L83, O18, R11

Suggested Citation

Lamla, Michael J. and Lamla, Michael J. and Straub, Martin and Girsberger, Esther Mirjam, On the Economic Impact of International Sport Events: Microevidence from Survey Data at the Euro 2008 (October 9, 2012). KOF Working Papers No. 317, Available at SSRN: https://ssrn.com/abstract=2159096 or http://dx.doi.org/10.2139/ssrn.2159096

Michael J. Lamla (Contact Author)

ETH Zurich - KOF Swiss Economic Institute ( email )

Zurich
Switzerland

University of Essex ( email )

Wivenhoe Park
Colchester, CO4 3SQ
United Kingdom

Martin Straub

ETH Zürich - KOF Swiss Economic Institute ( email )

Zurich
Switzerland

Esther Mirjam Girsberger

University of Technology Sydney (UTS) - UTS Business School - Economics Discipline Group

UTS Business School
14-28 Ultimo Rd
Ultimo, Ultimo 2007
Australia

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

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