UEFA EURO 2020 is the first multi-hosting mega-event developed on the entire continent. Often, mega-events concentrated in one place have turned out to have a modest, or adverse, economic impact due to high costs. Therefore, the ex-post assessment of the local impact of the four matches played in Rome as a mega-event is an interesting case study. To this end, we use a CGE model based on the Lazio regional SAM. We estimate a significant GDP multiplier at around 1.45. Furthermore, in terms of employment, the event generates an additional net volume equivalent to 9,762 full-time jobs per year.
Assessing the regional impacts of a multi-hosting mega sport event: The case of EURO 2020 in Rome
Stefano Deriu;Claudio Socci;Ludovica Almonti
2024-01-01
Abstract
UEFA EURO 2020 is the first multi-hosting mega-event developed on the entire continent. Often, mega-events concentrated in one place have turned out to have a modest, or adverse, economic impact due to high costs. Therefore, the ex-post assessment of the local impact of the four matches played in Rome as a mega-event is an interesting case study. To this end, we use a CGE model based on the Lazio regional SAM. We estimate a significant GDP multiplier at around 1.45. Furthermore, in terms of employment, the event generates an additional net volume equivalent to 9,762 full-time jobs per year.File in questo prodotto:
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