- Title
- 2010 FIFA World Cup stadium investment: Does the post-event usage justify the expenditure?
- Creator
- Humphrey, Luke
- Creator
- Fraser, Gavin C G
- Subject
- To be catalogued
- Date Issued
- 2016
- Date
- 2016
- Type
- text
- Type
- article
- Identifier
- http://hdl.handle.net/10962/470954
- Identifier
- vital:77403
- Identifier
- https://www.ajol.info/index.php/aref/article/view/162154
- Description
- This paper provides an ex-post analysis of the utilisation of the stadiums that were built for the 2010 FIFA World Cup. The South African government invested approximately US $1.57 billion and US $523 million into the development of new stadiums and upgrades to existing stadiums, respectively. This paper determines whether the substantial investments into the stadiums’ infrastructure are justified by the utilisation of the stadiums after the 2010 FIFA World Cup event. A utilisation rate and a stadium usage index were used to analyse the utilisation benefits derived from the stadiums. Generally, the results suggest that there has been a significant decline in the utilisation of stadiums following the 2010 FIFA World Cup. Furthermore, the results indicate that the exorbitant costs of the stadiums for the 2010 FIFA World Cup were significant in relation to the underutilisation of the stadiums in the wake of the event. The 2010 FIFA World Cup has left the country with an expenditure legacy of an oversupply of stadiums, thus making some of the stadiums unsustainable. The results of this study appear to be in line with existing empirical research, which suggests that stadiums tend be underutilised and pose a financial burden for a host nation, subsequent to a mega-event.
- Format
- 19 pages
- Format
- Language
- English
- Relation
- African review of economics and finance
- Relation
- Humphrey, L. and Fraser, G., 2016. 2010 FIFA World Cup stadium investment: Does the post-event usage justify the expenditure?. African review of economics and finance, 8(2), pp.3-22
- Relation
- African review of economics and finance volume 8 number 2 3 22 2016
- Rights
- Publisher
- Rights
- Use of this resource is governed by the terms and conditions of the African review of economics and finance Statement (https://african-review.com/)
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- Visitors: 8
- Downloads: 1
Collections
Fraser, Gavin C G (Prof)
SDG 08. Decent Work and Economic Growth
RU Department of Economics and Economic History
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | 2010 FIFA World Cup stadium investment.pdf | 254 KB | Adobe Acrobat PDF | View Details Download |