Sport in the city: measuring economic significance at the local level

In many cities throughout Europe, sport is increasingly being used as a tool for economic revitalisation. While there has been a growth in literature relating to the specific economic impacts of sports-led development, including professional sport facilities, teams, and sport events, limited research has been undertaken on the contribution of the whole sport sector to output and employment. In the United Kingdom (UK), studies have focused on evaluating sport-related economic activity at the national level, yet despite the increasing use of sport for local economic development little research has been undertaken at the city level. To address this situation, this article uses the National Income Accounting framework to measure the economic importance of sport in Sheffield, UK. It shows that the value-added in 1996/97 was 165.61m or 4.11% of Gross Domestic Product (GDP), approximately twice the amount predicted from current national estimates. It is argued that this can primarily be explained by previous studies under-estimating the economic importance of sport, largely due to methodological differences. It goes on to suggest that future research on the significance of sport should be undertaken at the local level to provide policymakers with information at the spatial level where regeneration programmes are being implemented.</p

Reconciling cost-benefit and economic impact assessment for event tourism

Governments frequently justify their expenditure on underwriting the commercial viability of tourism events in terms of the economic impacts that the events bring to their host region. However, the justification for public expenditure in general is more usually based upon cost-benefit analysis, founded on the principles of welfare economics. It concentrates on consumer and producer surplus measures, with a particular emphasis on consumer surplus. In many cases the focus of special events is not on local consumers, but on attracting consumers from outside the region. In this case, producer surplus is the more appropriate focus. It generally assumes that resources are used at their opportunity cost. In contrast, economic impact analysis involves estimating the full value associated with the use of either labour or capital. This paper demonstrates that there is a potential correspondence between the welfare economics paradigm of cost-benefit analysis and the growth-based paradigm of economic impact. That link is based on an underlying presumption that resources are unused or underused, and therefore income generation is a real benefit

Some influences of the wool industry on the Australian economy : a thesis submitted in partial fulfilment of the requirements for the degree of Doctor of Philosophy / by T.J. Mules.

Includes bibliographical references (leaves 209-213)x, 213 leaves : ill. ; 26 cm."January, 1973"Title page, contents and abstract only. The complete thesis in print form is available from the University Library.Thesis (Ph.D.)--University of Adelaide, Dept. of Economics, 197