An Econometric Evaluation of the Performance of the Greek National Football Team

Abstract

This paper uses a Cobb-Douglas production function to account for the performance of the national football team. It is assumed that the capital and labor used in the production of football are constant proportions of the national capital and national labor. The performance of the Greek national team depends on the capitallabor ratio. Higher accumulation of capital, increases the performance of the national football team. Other variables are also found important such as the experience acquired by playing official games, the coach and the finals of the World and European Football Cup.