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Success in soccer and economic performance: Evidence from beŞİktaŞ-Turkey

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Abstract

This paper investigates the connection between Turkish industrial production growth and the success of Beşiktaş, which is a popular Turkish soccer team. The empirical evidence provided in the paper suggests that industrial production growth tends to increase with the success of Beşiktaş in European cups. Moreover, if the winnings are in displacement, the increase in industrial production is higher than if the winnings are in the home field. On the other hand, findings on the effects of domestic games on industrial performance are not statistically significant.

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Authors and Affiliations

  1. Department of Economics, Bilkent University, Ankara, Turkey

    Hakan Berument, Onur Ince & Eray M. Yucel

  2. Research Department, Central Bank of the Republic of Turkey, Ankara, Turkey

    Eray M. Yucel

Authors
  1. Hakan Berument
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  2. Onur Ince
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  3. Eray M. Yucel
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Corresponding authors

Correspondence to Hakan Berument, Onur Ince or Eray M. Yucel.

Additional information

All the views expressed in this paper belong to the authors and do not represent the views of the Central Bank of the Republic of Turkey or its staff. Beşiktaş, established in 1903, is one of the most popular soccer teams in Turkey. Detailed information about the team can be reached at http://www.besiktasjk.com

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Berument, H., Ince, O. & Yucel, E.M. Success in soccer and economic performance: Evidence from beŞİktaŞ-Turkey. RISEC 53, 260–274 (2006). https://doi.org/10.1007/BF03029588

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