Impact of International Sporting Events on the Economy: Foreign Experience

The contribution of sporting mega-events to the growth of the host economy remains an open question in the academic and expert communities. Their preparation requires enormous investments in the construction and modernization of infrastructure, as well as trade development and tourism expansion. The...

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Autores principales:	E. A. Pospelova, M. V. Kazakova
Formato:	article
Lenguaje:	EN RU
Publicado:	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2019
Materias:	major sporting event mega-event regional development long-term economic growth infrastructure tourism corruption investment Political institutions and public administration (General) JF20-2112
Acceso en línea:	https://doaj.org/article/135f9dc468164a0098713be549f33873
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id	oai:doaj.org-article:135f9dc468164a0098713be549f33873
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spelling	oai:doaj.org-article:135f9dc468164a0098713be549f338732021-11-12T10:46:10ZImpact of International Sporting Events on the Economy: Foreign Experience1726-11391816-859010.22394/1726-1139-2019-9-43-54https://doaj.org/article/135f9dc468164a0098713be549f338732019-10-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/1193https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590The contribution of sporting mega-events to the growth of the host economy remains an open question in the academic and expert communities. Their preparation requires enormous investments in the construction and modernization of infrastructure, as well as trade development and tourism expansion. Theoretically, this may seem to be fertile ground for economic growth and high investment performance. However, in practice, major sporting events, as a rule, induce budget overruns and huge debt of the host country; investment strategies are rarely successful; and financial expectations from such events are overestimated. This article is devoted to the comparative analysis of foreign and Russian experience in the implementation of sports mega-events. This research helps to systematize the effects of such events for the socioeconomic development of the country.E. A. PospelovaM. V. KazakovaNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articlemajor sporting eventmega-eventregional developmentlong-term economic growthinfrastructuretourismcorruptioninvestmentPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 9, Pp 43-54 (2019)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	major sporting event mega-event regional development long-term economic growth infrastructure tourism corruption investment Political institutions and public administration (General) JF20-2112
spellingShingle	major sporting event mega-event regional development long-term economic growth infrastructure tourism corruption investment Political institutions and public administration (General) JF20-2112 E. A. Pospelova M. V. Kazakova Impact of International Sporting Events on the Economy: Foreign Experience
description	The contribution of sporting mega-events to the growth of the host economy remains an open question in the academic and expert communities. Their preparation requires enormous investments in the construction and modernization of infrastructure, as well as trade development and tourism expansion. Theoretically, this may seem to be fertile ground for economic growth and high investment performance. However, in practice, major sporting events, as a rule, induce budget overruns and huge debt of the host country; investment strategies are rarely successful; and financial expectations from such events are overestimated. This article is devoted to the comparative analysis of foreign and Russian experience in the implementation of sports mega-events. This research helps to systematize the effects of such events for the socioeconomic development of the country.
format	article
author	E. A. Pospelova M. V. Kazakova
author_facet	E. A. Pospelova M. V. Kazakova
author_sort	E. A. Pospelova
title	Impact of International Sporting Events on the Economy: Foreign Experience
title_short	Impact of International Sporting Events on the Economy: Foreign Experience
title_full	Impact of International Sporting Events on the Economy: Foreign Experience
title_fullStr	Impact of International Sporting Events on the Economy: Foreign Experience
title_full_unstemmed	Impact of International Sporting Events on the Economy: Foreign Experience
title_sort	impact of international sporting events on the economy: foreign experience
publisher	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate	2019
url	https://doaj.org/article/135f9dc468164a0098713be549f33873
work_keys_str_mv	AT eapospelova impactofinternationalsportingeventsontheeconomyforeignexperience AT mvkazakova impactofinternationalsportingeventsontheeconomyforeignexperience
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Impact of International Sporting Events on the Economy: Foreign Experience

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