Evaluating Major Sporting Events: Economic Impact versus Cost Benefit - The Case of Bathurst 1000

John Hicks, Thomas Murphy, Lesley Arthur, Parikshit Basu, Deirdre Keogh

Research output: Book chapter/Published conference paperConference paper

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Abstract

This paper compares the results of evaluating a major regional sporting event, the Bathurst 1000 V-8 Supercars Weekend, using economic impact analysis and cost benefit analysis. The comparison is the basis for a discussion of which methodology is most appropriate under differing circumstances. The paper specifically addresses the view that economic impact analysis is often used to support a modern form of mercantilism (Abelson 2011). The paper develops a hybrid of the two approaches, which it is argued is superior to using the pure form of either approach.
Original languageEnglish
Title of host publicationThe International Journal of Sport and Society
Place of PublicationChampaign, Illinois, USA
PublisherCommon Ground Research Networks
Pages209-218
Number of pages10
Volume3
Edition4
DOIs
Publication statusPublished - 2014
EventThird International Conference on Sport and Society - University of Cambridge, Cambridge, United Kingdom
Duration: 23 Jul 201225 Jul 2012
https://web.archive.org/web/20130212034715/http://sportandsociety.com:80/conference-archives/2012-conference (Archived page)

Publication series

Name
ISSN (Print)2152-7857

Conference

ConferenceThird International Conference on Sport and Society
CountryUnited Kingdom
CityCambridge
Period23/07/1225/07/12
Internet address

Fingerprint

Economic impact
Cost-benefit
Sporting events
Impact analysis
Cost-benefit analysis
Methodology
Mercantilism

Cite this

Hicks, J., Murphy, T., Arthur, L., Basu, P., & Keogh, D. (2014). Evaluating Major Sporting Events: Economic Impact versus Cost Benefit - The Case of Bathurst 1000. In The International Journal of Sport and Society (4 ed., Vol. 3, pp. 209-218). Champaign, Illinois, USA: Common Ground Research Networks. https://doi.org/10.18848/2152-7857/CGP/v03i04/53958
Hicks, John ; Murphy, Thomas ; Arthur, Lesley ; Basu, Parikshit ; Keogh, Deirdre. / Evaluating Major Sporting Events: Economic Impact versus Cost Benefit - The Case of Bathurst 1000. The International Journal of Sport and Society. Vol. 3 4. ed. Champaign, Illinois, USA : Common Ground Research Networks, 2014. pp. 209-218
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Hicks, J, Murphy, T, Arthur, L, Basu, P & Keogh, D 2014, Evaluating Major Sporting Events: Economic Impact versus Cost Benefit - The Case of Bathurst 1000. in The International Journal of Sport and Society. 4 edn, vol. 3, Common Ground Research Networks, Champaign, Illinois, USA, pp. 209-218, Third International Conference on Sport and Society, Cambridge, United Kingdom, 23/07/12. https://doi.org/10.18848/2152-7857/CGP/v03i04/53958

Evaluating Major Sporting Events: Economic Impact versus Cost Benefit - The Case of Bathurst 1000. / Hicks, John; Murphy, Thomas; Arthur, Lesley; Basu, Parikshit; Keogh, Deirdre.

The International Journal of Sport and Society. Vol. 3 4. ed. Champaign, Illinois, USA : Common Ground Research Networks, 2014. p. 209-218.

Research output: Book chapter/Published conference paperConference paper

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Hicks J, Murphy T, Arthur L, Basu P, Keogh D. Evaluating Major Sporting Events: Economic Impact versus Cost Benefit - The Case of Bathurst 1000. In The International Journal of Sport and Society. 4 ed. Vol. 3. Champaign, Illinois, USA: Common Ground Research Networks. 2014. p. 209-218 https://doi.org/10.18848/2152-7857/CGP/v03i04/53958