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

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

doi:10.18848/2152-7857/CGP/v03i04/53958

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

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

Business

Western Research Institute

Research output: Book chapter/Published conference paper › Conference paper › peer-review

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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 language	English
Title of host publication	The International Journal of Sport and Society
Place of Publication	Champaign, Illinois, USA
Publisher	Common Ground Research Networks
Pages	209-218
Number of pages	10
Volume	3
Edition	4
DOIs	https://doi.org/10.18848/2152-7857/CGP/v03i04/53958
Publication status	Published - 2014
Event	Third International Conference on Sport and Society - University of Cambridge, Cambridge, United Kingdom Duration: 23 Jul 2012 → 25 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

Conference	Third International Conference on Sport and Society
Country/Territory	United Kingdom
City	Cambridge
Period	23/07/12 → 25/07/12
Internet address	https://web.archive.org/web/20130212034715/http://sportandsociety.com:80/conference-archives/2012-conference (Archived page)

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10.18848/2152-7857/CGP/v03i04/53958

Cite this

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

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.",

author = "John Hicks and Thomas Murphy and Lesley Arthur and Parikshit Basu and Deirdre Keogh",

year = "2014",

doi = "10.18848/2152-7857/CGP/v03i04/53958",

language = "English",

volume = "3",

publisher = "Common Ground Research Networks",

pages = "209--218",

booktitle = "The International Journal of Sport and Society",

address = "United States",

edition = "4",

note = "Third International Conference on Sport and Society ; Conference date: 23-07-2012 Through 25-07-2012",

url = "https://web.archive.org/web/20130212034715/http://sportandsociety.com:80/conference-archives/2012-conference",

}

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 et al.
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 paper › Conference paper › peer-review

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AB - 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.

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T2 - Third International Conference on Sport and Society

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ER -

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

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