<abstract xmlns="http://www.w3.org/1999/xhtml"><bold><italic>Introduction.</italic></bold> The topic of economic significance of sport events attracts substantial attention in the fields of sport event management and economics. The main objective of this article is to review international literature on economic impact of sport events, and in particular, to give a special thought to key features of primary economic impact studies and potential sources of bias.<bold><italic>Material and methods.</italic></bold> The paper builds upon an extensive international literature survey.<bold><italic>Results.</italic></bold> This paper provides an overview of studies on economic impact of events as well as it serves as a reference guide for further studies including empirical attempts. Notably, the latter is of great value for local decision makers and students who attempt to calculate direct economic impact of various sport events but are at the same time facing the lack of reference in this regard.<bold><italic>Conclusions.</italic></bold> The review concludes that (a) assessing the economic impact of an event is a non-trivial task and (b) there is still much to be learned about how to conduct economic impact assessment in a reliable manner.</abstract>

Introduction. The topic of economic significance of sport events attracts substantial attention in the fields of sport event management and economics. The main objective of this article is to review international literature on economic impact of sport events, and in particular, to give a special thought to key features of primary economic impact studies and potential sources of bias.Material and methods. The paper builds upon an extensive international literature survey.Results. This paper provides an overview of studies on economic impact of events as well as it serves as a reference guide for further studies including empirical attempts. Notably, the latter is of great value for local decision makers and students who attempt to calculate direct economic impact of various sport events but are at the same time facing the lack of reference in this regard.Conclusions. The review concludes that (a) assessing the economic impact of an event is a non-trivial task and (b) there is still much to be learned about how to conduct economic impact assessment in a reliable manner.

Economic Impact of Events and Festivals on Host Regions - Methods in Practice &amp; Potential Sources of Bias

University of Southern Denmark, The Faculty of Business and Social Sciences, Department of Environmental and Business Economics

Polish Journal of Sport and Tourism

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Economic Impact of Events and Festivals on Host Regions - Methods in Practice & Potential Sources of Bias

Introduction. The topic of economic significance of sport events attracts substantial attention in the fields of sport event management and economics. The main...

Economic Impact of Events and Festivals on Host Regions - Methods in Practice & Potential Sources of Bias

Published Online: Apr 04, 2016

Page range: 247 - 252

Received: May 13, 2015

Accepted: Sep 09, 2015

DOI: https://doi.org/10.1515/pjst-2015-0033

Keywords
events, sport, economic impact assessments, potential sources of bias

© 2015 Madlen Diedering et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Economic Impact of Events and Festivals on Host Regions - Methods in Practice & Potential Sources of Bias

Published Online: Apr 04, 2016

Page range: 247 - 252

Received: May 13, 2015

Accepted: Sep 09, 2015

DOI: https://doi.org/10.1515/pjst-2015-0033

Keywordsevents, sport, economic impact assessments, potential sources of bias

© 2015 Madlen Diedering et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
events, sport, economic impact assessments, potential sources of bias