Trading Effects of the <scp>FIFA</scp> World Cup

Avsar, Veysel; Unal, Umut

doi:10.1111/kykl.12056

Cited by 9 publications

(5 citation statements)

References 22 publications

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“…In furtherance of this goal we utilize international sporting events which have in the past been used to great effect, from market analysis (Avsar and Unal, ), and superstar effects (Torgler and Schmidt, ) to the effect of stress and environment on decision making (Caruso et al, ; Torgler, ). Not only are sporting events very close to an experimental environment with cleanly generated data and most external confounds controlled by rules and referees (Goff and Tollison, ), but it is a winner take all competition with very real stakes.…”

Section: Introductionmentioning

confidence: 99%

Differences in National Identity, Violence and Conflict in International Sport Tournaments: Hic Sunt Leones!

Caruso¹,

Domizio²,

Savage³

2017

Kyklos

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Summary This work examines the relationship between national identity and conflict during international sporting tournaments and the impact of referees as an institutional countermeasure. The empirical analysis covers the FIFA World, Confederations and Under 20's World Cups and Olympic tournaments from 1994 to 2014, resulting in 1152 individual matches. We use the issuing of cards (red and yellow) and the number of sanctions (fouls) as a conflict proxy, plus macro‐level national identity markers to determine between team variations. Our results indicate that national identity is robustly significant in the prediction of conflict, whereas the match‐specific variables seem to be of less importance. Additionally, we observe that referees are a highly successful control of on‐field aggression.

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Section: Introductionmentioning

confidence: 99%

Differences in National Identity, Violence and Conflict in International Sport Tournaments: Hic Sunt Leones!

Caruso¹,

Domizio²,

Savage³

2017

Kyklos

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“…Further, Avsar and Unal (2014), using bilateral trade data for a panel of countries, found a positive trading effect of the World Cup.…”

Section: Can Sports Promote Exports?mentioning

confidence: 97%

“…15 The size of the estimated impact is furthermore in line with previous studies. For instance, Rose and Spiegel (2011) found that trade is around 30 percent higher for countries that have hosted the Olympics, and Avsar and Unal (2014) estimated that trade is about 18-20 percent higher for host-participant combinations when compared to other country pairs in the years of the World Cup. Table 4 provides results of addition robustness checks and what this table shows is that the main findings are robust to several tests.…”

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confidence: 99%

Can Sports Promote Exports? The Role of Soccer Matches in International Trade

Hatzigeorgiou

2016

Glob. Econ. J.

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Sports can help to increase foreign trade and promote global economic integration. Engaging in sports can provide visibility opportunities for countries and may spur the interest of firms as well as consumers in the respective foreign market. Sport could also help to infuse trust into cross-country business relationships. While previous studies have investigated the role of sport events on trade, this study analyzes whether countries can increase trade between them by engaging in sporting activities with each other. We use soccer, being the world's most popular sport, as an example when investigating this potential bilateral sport-trade link. Our empirical strategy builds on the fact that many soccer matches between countries' national teams are the result of a random drawing procedure. Thus, they are a possible source of exogenous variation. Using a gravity model framework, we test the proposed link for approximately 4,800 soccer matches that were played between 209 countries during the period 1995 through 2001. We also analyze the hypothesized underlying impact channel by estimating the impact on trade for goods that are likely to have different elasticity with respect to information and trust friction. The results are indicative of the hypothesis that countries that engage in sporting activities with each other enhance their bilateral trade. These results could have potentially interesting policy implications. Governments may want to consider actively promoting sporting activities together with countries with which they want to enhance their trade.

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“…Finally, this investigation is related to the literature that uses sports data to analyze an economic phenomena, as Kolev et al () who analyze whether agents act rationally using data on NHL games, or Schön et al () who analyze which managers put more effort into the firm, using golf handicaps data. Avsar and Unal () analyze whether an sport event, the FIFA World Cup, has a positive effect on trade; other papers, such as Torgler () and Bakkenbüll and Kiefer () analyze the factors that determine success in sports, such as football and tennis respectively. We contribute to this literature analyzing what determines success at chess, and how differences in the number of expert chess players are related to variations in fundamental and granular comparative advantage across countries.…”

Section: Related Literaturementioning

confidence: 99%

Fundamental Versus Granular Comparative Advantage: An Analysis Using Chess Data

Minondo

2017

Kyklos

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Summary The Ricardian and Heckscher‐Ohlin models of international trade contend that firms do not play any role in shaping countries' export specialization. However, the evidence shows that few firms dominate exports in many countries. This paper analyzes the relative contribution of fundamental (country) and granular (individual) comparative advantage to the differences in specialization across countries in a particular activity: chess. Using data on the quality of around 146,000 chess players in 106 countries in 2015, I find that fundamental comparative advantage is the main contributor to the variation in countries' specialization in chess. However, the contribution of granular comparative advantage becomes larger when analyzing specialization in very high‐quality chess players. Despite the appearance of chess servers that allow playing online and offer tools to improve chess skills, I do not find convergence in fundamental comparative advantage over the period 2001‐2015.

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Trading Effects of the FIFA World Cup

Cited by 9 publications

References 22 publications

Differences in National Identity, Violence and Conflict in International Sport Tournaments: Hic Sunt Leones!

Differences in National Identity, Violence and Conflict in International Sport Tournaments: Hic Sunt Leones!

Can Sports Promote Exports? The Role of Soccer Matches in International Trade

Fundamental Versus Granular Comparative Advantage: An Analysis Using Chess Data

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