Influence of general government expenditure on the development of sports entrepreneurship: The case of some OECD countries
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Author(s)Vugar NazarovLink to ORCID Index: https://orcid.org/0000-0001-9856-7184
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Nailya KalantarlyLink to ORCID Index: https://orcid.org/0000-0001-8175-774X
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Jamal HajiyevLink to ORCID Index: https://orcid.org/0000-0002-6409-3010
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Gulnar HasanovaLink to ORCID Index: https://orcid.org/0000-0003-1411-0510
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Albina HashimovaLink to ORCID Index: https://orcid.org/0000-0002-9866-5865
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DOIhttp://dx.doi.org/10.21511/ppm.21(2).2023.33
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Article InfoVolume 21 2023, Issue #2, pp. 336-346
- 664 Views
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205 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
The low level of the nation’s health and physical activity highlights the need to find additional mechanisms for the development of the sports sphere, one of which is to increase its financing. This paper aims to investigate how an increase in general government expenditure on recreation and sports affects sports entrepreneurship (turnover or gross premium written in the sports industry; value added at factor cost of sports enterprises; sports industry market size) and the share of the population involved in sports (as an indicator characterizing the development of sports). The study used the panel unit root test and fixed and random effects models. Modeling proved that the increase in general government expenditure on recreation and sports by 1% largely determines the increase in value added at factor cost of sports enterprises (by 5.48%). A significantly less effect is for turnover or gross premium written in the sports industry (by 0.85%), and the smallest is for the sports industry market size (by 0.4%). A 1% increase in general government expenditure on recreation and sport has the greatest impact in the Czech Republic (by 2.37%) and Slovakia (by 2.44%) and the least – in Australia (by 0.4%). The share of the population involved in sports is almost independent of general government expenditure on recreation and sports in all 10 OECD countries.
- Keywords
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JEL Classification (Paper profile tab)L67, L83, L26, D25
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References47
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Tables3
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Figures0
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- Table 1. Panel unit root test for indicators of the development of sports entrepreneurship
- Table 2. Hausman test for indicators of development of sports entrepreneurship
- Table 3. Random effects model for indicators of development of sports entrepreneurship
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