The Economic Importance of Sport in Wales - Sport Wales

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The Economic Importance Of Sport In Wales"snapshot" of the role and significance of sport in theWelsh economy, highlighting changes that have occurredbetween 1988 and 1994 and assessing the implicationsfor the future of the sporting industry in Wales.Sports Council for Wales (1990) Sport and the Welsheconomy, Cardiff: Sports Council for WalesSummarises the results of a study of sport and theWelsh economy which was the first attempt to quantifythe economy inputs, outputs and flows resulting fromthe existence of sport in Wales.Welsh Institute of Rural Studies and Midmore, Peter(2000) The economic value of walking in ruralWales, Aberystwyth: Welsh Institute of Rural AffairsThis study, which draws on research work in Wales andScotland, shows that 4,800 jobs and £132 million ofincome are generated by walking in Wales.General ReferencesCouncil of Europe and Jones, Huw (1989)The economic impact and importance of sport:a European study, Strasbourg: Council of EuropeLooks at the impact of economics on sport in Europe,sports contribution to national economies, and some ofthe implications for policy makers.Crompton, John L (1995) Economic impact analysis ofsports facilities and events: eleven sources ofmisapplication. Journal of Sport Management,January 1995, 14-35Many sports events and facilities are subsidised eitherdirectly or indirectly by investments from public sectorfunds and there has been an increased use of economicimpact analysis to support public subsidy. Many of theseanalyses report inaccurate results and this paper presentsand discusses 11 major contributors to the inaccuracy.Gratton, Chris, Dobson, Nigel and Shibli, Simon (2000)The economic importance of major sports events: acase-study of six events. Managing Leisure,January 2000, 17-28This paper reports the results of an economic impactassessment of six major sports events held in the UK in1997. The results indicate the wide variability ineconomic benefits as well as the difficulty sometimesencountered in predicting what these benefits will beprior to the staging of an event. An attempt is made todevelop a typology of major sports events in terms oftheir potential to generate significant economic impact.Gratton, Chris and Taylor, Peter (2000) Economics ofsport and recreation, London: E.& F.N. SponCovers a key part of sports management and sportsstudies courses, and gives particular emphasis to therole and importance of the commercial sector in sportincluding the economics of: the sports goods industry;sports sponsorship, major sports events, professionalteam sports; and the relationship between sport andbroadcasting.Gratton, Chris (ed) and Henry, Ian P (ed) (2001) Sportin the city: the role of sport in economic and socialregeneration, London: RoutledgeCities are increasingly using major sporting events andactivities to re-image themselves, promote urbandevelopment and fund economic growth andregeneration. This book looks at how sport has beenused in contemporary cities across the world, andevaluates policies, strategies and management. Key areasexamined are: sport and urban economic regeneration;sports events bidding; planning and organisation; urbansports tourism; sport and urban communitydevelopment; urban politics and sports policy.Henley Centre and Sports Council (1990)The economic impact of sport in the UnitedKingdom in 1990, London: Sports CouncilThe main aim of this study is to provide a "snapshot" ofthe role of sport in the economy and thereby to raisegreater awareness of that role. The overall structure ofthe study is provided by the system of national accounts.Henley Centre for Forecasting and Sports Council (1991)Consumer spending on sport-related goods andservices in the United Kingdom, London: SportsCouncilExamines consumer expenditure on sport-related goodsand services as a relatively self-contained segment ofthe sports industry in order to gain some sense of thegrowth of the industry.Henley Centre for Forecasting and Sports Council (1989)The economic impact and importance of sport intwo local areas: Bracknell and the Wirral, London:Sports CouncilThis study focused on the local economic impact ofsport, looking at the economic contribution of thesports sector to the local economy, particularly thecontribution to the local employment base.Kesenne, Stefan (1998) Cost benefit-analysis of sportevent, European Journal for Sport Management,Vol 5, No 2, 44-49The author discusses the most important conceptualerrors in cost-benefit analysis of sports events andpublic investments in sport. Overestimation of the netbenefit turns out to be the major problem.8 sportsupdate No.64 May 2008
The Economic Importance Of Sport In WalesSolberg, Harry Arne (2003) Major sporting events:assessing the value of volunteers' work, ManagingLeisure, Vol 8, No 1, January 2003, 17-27This article assesses the value of volunteers' work atsporting events, based on two different theoreticalapproaches; the Opportunity Cost Approach (OCA) andthe Market Price of Equivalency model (MPE). The OCAmethod assesses the value of the displacement of othergoods and services elsewhere in society. In addition, italso takes into account that people enjoy volunteering.The MPE model evaluates what it will cost to purchasethe equivalent services that volunteers provide atmarket prices. This article also presents an empiricalstudy from a major sporting event: the 1999 World IceHockey Championship.Stabler, Mike and Ravenscroft, Neil (1993) The economicevaluation of output in leisure services, Reading:Department of Economics, University of ReadingThe intention of this paper was to investigate an aspectof the economics of public leisure provision, namely theevaluation of non-financial service output. The authorsuse a case study to demonstrate to what extent thelocal authority attempts to measure output, and in whatform, as an indication of its effectiveness in achieving itsdesignated goals.UK Sport (1999) Major events: the economics,London: UK SportProvides an overview of the economic impact associatedwith the staging of major sporting events.UK Sport (2004) Measuring success 2: the economicimpact of major sports events, London: UK SportPresents an overview of the findings from 16 economicimpact studies of major sports events staged in the UKsince 1997.Wilson, Robert (2006) The economic impact of localsport events: significant, limited or otherwise? A casestudy of four swimming events, Managing Leisure,Vol 11, No 1, January 2006, 57-70;It is widely recognised that sports events can act as acatalyst for economic development and urbanregeneration. Much has been made of the potentialeconomic benefits of hosting major sports events, andresearch in the UK has in general focused on theeconomic impacts of sport events such as the 2000 FloraLondon Marathon, 2001 World Snooker Championshipsand the 2001 World Half Marathon. However, while allof these studies have focused on so called 'major' eventsthis study examines much smaller ones.sportsupdate No.64 May 2008 9
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