Abstract
The sports sector makes a significant multilateral contribution to the development of economic systems. This study examines the scale and structure of the impact of the sports sector on the economy. Direct and indirect effects of such an impact are highlighted. The significance of the indirect socio-economic effects of major sporting events is illustrated by the example of the 2013 Universiade project in Kazan. On the basis of empirical data, the growth of sports activity of the population of the Republic of Tatarstan during the Universiade is shown. Using previously obtained econometric models on the indirect effects of the growth of the sports activity of the population, the indirect socio-economic effects of the Universiade were estimated: the infrastructural effect, a decrease in health care costs, an increase in labor productivity, additional income from tourism, and the creation of additional social capital. An extended model for assessing the payback of large sporting events, including investments in the infrastructure capital of the region and a number of intangible assets, is proposed and tested.
Highlights
The production and sale of sporting goods and the provision of sporting services generate significant direct economic benefits, comparable to a few percent of the gross domestic product in a number of developed countries
Spending on sports and outdoor activities should primarily be seen as direct benefits to the economic system, accounting for about 2% of household spending in the UK, New Zealand, Canada and Australia [1]
State statistics services in a number of countries take into account both direct and indirect effects of the sports sector
Summary
The production and sale of sporting goods and the provision of sporting services generate significant direct economic benefits, comparable to a few percent of the gross domestic product in a number of developed countries. Imports and exports of sports services and goods contribute significantly to GDP and are growing faster than economies in most countries, together with spending on sports. State statistics services in a number of countries take into account both direct and indirect effects of the sports sector. The purpose of this work is to generalize the existing experience in assessing the impact of sports on the economy and to substantiate, systematize and evaluate the direct and indirect effects of sports activity, using the example of the 2013 Universiade project in Kazan
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