Economics

The relation between football clubs and economic growth: the case of developed countries

M. Aygün, Y. Savaş, et al.

This insightful study by Murat Aygün, Yunus Savaş, and Dilek Alma Savaş delves into the intriguing connection between football club values and economic growth in G7 countries. Utilizing wavelet methodology, the research uncovers short-term correlations that could influence policymaking, offering a fresh perspective on the economic impact of sports.

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Playback language: English

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Abstract

This paper investigates the relationship between football club values and economic growth in developed countries. Using wavelet methodology, the study analyzes monthly data from November 2010 to December 2021 for G7 countries (excluding Canada due to data limitations), focusing on the relationship between industrial production (as a proxy for GDP) and the total value of first-tier football clubs. The analysis reveals a significant relationship between these variables, primarily in shorter-term cycles, particularly after 2019. While long-term co-movements are less evident, the study suggests a short-term correlation between football club values and economic growth, highlighting the importance of considering this relationship in policymaking.

Publisher

Humanities & Social Sciences Communications

Published On

Sep 13, 2023

Authors

Murat Aygün, Yunus Savaş, Dilek Alma Savaş

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