|
on Sports and Economics |
|
Issue of 2007‒11‒24
three papers chosen by Joao Carlos Correia Leitao University of the Beira Interior |
| By: | Thomas Cornelißen (Leibniz University Hannover); Christian Pfeifer (Leibniz University Hannover and IZA) |
| Abstract: | We analyze the impact of exercising sports during childhood and adolescence on educational attainment. The theoretical framework is based on models of allocation of time and educational productivity. Using the rich information from the German Socio-Economic Panel (GSOEP), we apply generalized ordered probit models to estimate the effect of participation in sport activities on secondary school degrees and professional degrees. Even after controlling for important variables and selection into sport, we find strong evidence that the effect of sport on educational attainment is statistically significant and positive. |
| Keywords: | allocation of time, education, human capital, sport |
| JEL: | I21 J13 J22 J24 |
| Date: | 2007–11 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp3160&r=spo |
| By: | Frank, Sascha; Rehm, Jan |
| Abstract: | A mathematical exposition on the matter of fair bets in german state lottery. |
| Keywords: | Lotteries; lottery; lotto; fair bet; Germany |
| JEL: | L83 |
| Date: | 2007–11–15 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:5765&r=spo |
| By: | Oliver Falck (Ifo Institute for Economic Research and CESifo); Stephan Heblich (Max Planck Institute of Economics, Entrepreneurship, Growth, and Public Policy Group,) |
| Abstract: | This paper discusses the role of so-called national champions within the context of the EU's ambitious goal to become the most competitive and dynamic knowledge-based economic region in the world by 2010. We find football to be a useful analogy in our discussion of national champions. There are many different types of football players: veteran performers who are past their prime, young stars who have not yet developed their full potential, fans' darlings, and the actual stars - he key performers. For a team to be consistently successful across time, it needs to maintain the right mix of different types of players, particularly in regard to current and future key performers. What makes a key performer a "real" star is not only extraordinary talent but also, and perhaps even more important, ability to be a team player and inspire others to be the same. Applying this analogy to the economic field, we come to the conclusion that the "real" champions in the business environment serve as network pilots within regional networks. By fostering a dynamic economic environment, they create their own rents, unlike less successful firms who concentrate on unproductive rent seeking and shifting. |
| Keywords: | national champions, industrial policy, evolutionary economics, systems of innovation |
| JEL: | L52 O25 O33 P11 |
| Date: | 2007–11–12 |
| URL: | http://d.repec.org/n?u=RePEc:jrp:jrpwrp:2007-088&r=spo |