World Economics - Insight , Analysis and Data

World Economics - Insight , Analysis and Data
The Economic Impact of the World Cup
Stefan Szymanski
World Economics, March 2002

The World Cup will be the biggest sporting event of 2002, but the Japanese and Korean governments are also hoping that it will be one of the biggest economic events of the year. Impact studies by respected economic research institutes predict a dramatic boost to GDP in both countries. This paper explains how these forecasts are generated and explains the tendency for such forecasts to be over-optimistic. The paper concludes with some policy recommendations for governments and sporting bodies considering hosting such events.
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