Government Subsidies for Professional Team Sports in Australia

Wilson, John K.; Pomfret, Richard

doi:10.1111/j.1467-8462.2009.00536.x

Cited by 9 publications

(9 citation statements)

References 26 publications

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“…For example, Fernquist (2000) used statistical analysis to reveal that across 30 American metropolitan areas homicide and suicide rates decline when the local professional sports team makes the play-offs. 12 Wilson and Pomfret (2009) talk about these issues within the Australian context. They believe that the political economy of sport in Australia appears to reflect politicians' belief that many sports fans are potential single -issue voters happy to see tax dollars spent to support sports facilities and events.…”

Section: Fig 2 a Comparison Of The Indices For Greece And Italymentioning

confidence: 98%

What should you pay to host a party? An economic analysis of hosting sports mega-events

Mitchell

Stewart

2015

Applied Economics

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Governments all over the world put huge amounts of money into bidding for, and then hosting, sports events like Football's World Cup or the Olympic Games. They also give money to professional sports teams and other mega-events to encourage them to locate within a particular constituency. This article examines the statistical relationship between tourism and three Football World Cups and five Olympic Games, finding very little positive effect. Given this conclusion, the article looks at why governments continue to bid for these competitions. It presents evidence that shows that these sports contests make people happy, and argues that politicians capitalize on this feel-good factor; harnessing the hubris associated with these events for political gain. The article then contends that the best way to reduce the politics associated with bidding for mega-events is to allocate them via an auction, rather than the wasteful rent-seeking methods that are currently used.

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Section: Fig 2 a Comparison Of The Indices For Greece And Italymentioning

confidence: 98%

What should you pay to host a party? An economic analysis of hosting sports mega-events

Mitchell

Stewart

2015

Applied Economics

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“…Indeed, there would be few sports fans who have not experienced a feeling of euphoria after their local or national team has pulled off a heroic victory against the odds. We will 3 Figures from Wilson and Pomfret (2009). 4 For example, WHO (2011) points out that physical inactivity is the fourth-leading risk factor in global mortality.…”

Section: Introductionmentioning

confidence: 99%

The Peculiar Economics of Government Policy towards Sport

Pomfret¹,

Wilson²

2011

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Professional team sports enjoy subsidies from government, as well as regulatory exemption from standards that apply to other sectors of the economy. The Australian sports economics literature has, however, focused on competitive balance, with few studies examining government policies. This paper examines government policies such as subsidies, mega-event bidding, salary caps and player draft systems. We argue that the peculiar nature of professional sports provides some justification for such distinctive government policies. However, there is need for greater transparency, better-directed funding, and genuine public debate on some of these policies to enable considered evaluation of their benefits and costs.

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“…6 6 Wilson and Pomfret (2009) note the success of team sports in Australia obtaining large public funding and that there has been little analysis of this in the public choice literature. The same might be said of Australian mega sporting events. …”

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confidence: 99%

Modelling the Economic Impacts of the Sydney Olympics in Retrospect - Game Over for the Bonanza Story?*

Giesecke

Madden

2011

Economic Papers: A Journal of Applied Economics and Policy

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Do the large economic benefits predicted for Olympics host countries actually materialise? We re‐examine the Sydney 2000 Olympics via historical modelling with a multiregional dynamic computable general equilibrium model, taking care to avoid sources of overestimation, such as elastic factor supply assumptions; failure to treat public inputs as costs; and overestimation of foreign tourism demand impacts. We first conduct a simulation from 1997/1998 to 2005/2006 to construct a base case and to assess the extent of Olympics‐induced awareness of Australia on tourism demand. Our historical simulation results which are driven by observed values for economic variables, including tourism statistics, do not provide support for the presence of induced tourism. We then conduct a simulation for a no‐Sydney Olympics counterfactual and find that the Olympics generated a real consumption loss of $2.1 billion. We do identify economic winners from the Games and consider the possibility of non‐use benefits from the Games offsetting the real consumption loss.

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Government Subsidies for Professional Team Sports in Australia

Cited by 9 publications

References 26 publications

What should you pay to host a party? An economic analysis of hosting sports mega-events

What should you pay to host a party? An economic analysis of hosting sports mega-events

The Peculiar Economics of Government Policy towards Sport

Modelling the Economic Impacts of the Sydney Olympics in Retrospect - Game Over for the Bonanza Story?*

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