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Measuring the economic impacts of major sports events: the case of Formula One Grand Prix (F1)
- Issue Date
- Jan-2017
- Publisher
- ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
- Keywords
- China; sport event; economic impact; Formula One Grand Prix (F1); input-output analysis
- Citation
- ASIA PACIFIC JOURNAL OF TOURISM RESEARCH, v.22, no.1, pp 64 - 73
- Pages
- 10
- Journal Title
- ASIA PACIFIC JOURNAL OF TOURISM RESEARCH
- Volume
- 22
- Number
- 1
- Start Page
- 64
- End Page
- 73
- ISSN
- 1094-1665
1741-6507
- Abstract
- This study was examined the new money generated from Formula One Grand Prix (F1) and the economic impacts of this new money on the host economy using input-output analysis. We find that the impact of the new money from non-local attendees or international attendees is more pronounced compared to that from local attendees. Also, F1 event appears to influence on sports-related industry as well as other industries such as manufacturing industry. Our findings suggest that the host cities should focus on increasing the non-local and international attendees in order to enhance the economic impacts of a sport event.
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Collections - College of Sport Science > School of Sports Sciences > 1. Journal Articles
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