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Available. Open Access. Open Access
Article
Publication date: 18 January 2021

J.E. Boscá, R. Doménech, J. Ferri, J.R. García and C. Ulloa

This paper aims to analyse the stabilizing macroeconomic effects of economic policies during the COVID-19 crisis in Spain.

4649

Abstract

Purpose

This paper aims to analyse the stabilizing macroeconomic effects of economic policies during the COVID-19 crisis in Spain.

Design/methodology/approach

The contribution of the structural shocks that explain the behaviour of the main macroeconomic aggregates during 2020 are estimated, and the effects of economic policies are simulated using a dynamic stochastic general equilibrium (DSGE) model estimated for the Spanish economy.

Findings

The results highlight the importance of supply and demand shocks in explaining the COVID-19 crisis. The annual fall in gross domestic product (GDP) moderates at least by 7.6 points in the most intense period of the crisis, thanks to these stabilizing policies. Finally, the potential effects of Next Generation EU in the Spanish economy are estimated. Assuming that Spain may receive from the EU between 1.5 and 2.25 percentage points (pp) of GDP, activity could increase to between 2 and 3 pp in 2024.

Originality/value

To the best of the authors’ knowledge, the exercises and findings are original. All these results show the usefulness of a DSGE model, such as the estimated rational expectation model for Spain, as a practical tool for the applied economic analysis, the macroeconomic assessment of economic policies and the understanding of the Spanish economy.

Details

Applied Economic Analysis, vol. 29 no. 85
Type: Research Article
ISSN: 2632-7627

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Book part
Publication date: 20 August 2018

Mauro Falasca and John F. Kros

As the pressure to win and generate revenue and as the allegations of out-of-control spending continue to increase, there exists much interest in intercollegiate athletics. While…

Abstract

As the pressure to win and generate revenue and as the allegations of out-of-control spending continue to increase, there exists much interest in intercollegiate athletics. While researchers in the past have investigated specific issues related to athletics success, revenue generation, and graduation rates, no previous studies have attempted to evaluate these factors simultaneously. This chapter discusses the development of a data envelopment analysis (DEA) model aimed at measuring how efficient university athletic departments are in terms of the use of resources to achieve athletics success, generate revenue, and promote academic success and on-time graduation. Data from National Collegiate Athletic Association (NCAA) Division I Football Bowl Subdivision (FBS) universities are used to evaluate the relative efficiency of the institutions. The model identifies a series of “best-practice” universities which are used to calculate efficient target resource levels for inefficient institutions. The value of the proposed methodology to decision makers is discussed.

Available. Open Access. Open Access
Article
Publication date: 8 July 2024

Javier Andrés, José E. Boscá, Rafael Doménech and Javier Ferri

The purpose of this paper is to asses the welfare and macroeconomic implications of three distinct degrowth strategies designed to reduce carbon emissions: penalizing fossil fuel…

627

Abstract

Purpose

The purpose of this paper is to asses the welfare and macroeconomic implications of three distinct degrowth strategies designed to reduce carbon emissions: penalizing fossil fuel demand, substituting aggregate consumption with leisure and disincentivizing total factor productivity (TFP) growth.

Design/methodology/approach

Using an environmental dynamic general equilibrium (eDGE) model that incorporates both green renewable technologies and fossil fuels in the production process, this study sets an emissions reduction target aligned with the goals of the Paris Agreement by 2050.

Findings

The results reveal that the conventional degrowth strategy, wherein a reduction in the consumption of goods and services is compensated with an increase in leisure, may entail significant economic consequences, leading to a notable decline in welfare. In particular, a degrowth scenario resulting from a decline in TFP yields the most pronounced reduction in welfare. Conversely, inducing a reduction in fossil fuel demand by fiscally inflating the price of the imported commodity, despite potential social backlash, exhibits noticeably less detrimental welfare effects compared to other degrowth policies. Furthermore, under this degrowth strategy, the findings suggest that a globally coordinated strategy could result in long-term welfare gain.

Originality/value

To the best of the authors’ knowledge, this is the first contribution that uses an eDGE model to evaluate the welfare implications of an additional degrowth strategy amidst the ongoing inertial reduction of carbon emissions.

Details

Applied Economic Analysis, vol. 32 no. 95
Type: Research Article
ISSN: 2632-7627

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Article
Publication date: 1 April 2014

Carlos Pestana Barros, Vincenzo Scafarto and António Samagaio

This paper analyses the cost efficiency of Italian football clubs using a stochastic frontier model. The frontier estimation confirmed that the model fits the data well with all…

522

Abstract

This paper analyses the cost efficiency of Italian football clubs using a stochastic frontier model. The frontier estimation confirmed that the model fits the data well with all coefficients correctly signed and in line with the theoretical requirements. Marketing and Sponsorship is taken into account as an explanatory variable and the factors which contributed to these findings, as well as other policy implications, are provided.

Details

International Journal of Sports Marketing and Sponsorship, vol. 15 no. 4
Type: Research Article
ISSN: 1464-6668

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Article
Publication date: 21 August 2023

Jorge Martín-Magdalena, Carlos Martínez-de-Ibarreta, Jose Antonio Gonzalo-Angulo and Aurora García Domonte

This study aims to contribute to the analysis of the impact of financial control or “financial fair play” (FFP) regulations on the financial performance of the Spanish…

489

Abstract

Purpose

This study aims to contribute to the analysis of the impact of financial control or “financial fair play” (FFP) regulations on the financial performance of the Spanish professional football league (LaLiga) by examining the moderating role of club size. The authors argue that introducing FFP positively impacted the financial performance of small clubs but increased the economic gap between large and small clubs.

Design/methodology/approach

A 12-year dataset covering 22 football clubs is used to test the hypotheses. Panel regression models are estimated for eight measures of financial performance indicators, comprising three financial dimensions: profitability, liquidity and solvency. The Gini index is applied to clubs' economic and sports variables to determine the degree of economic imbalance between the largest and smallest clubs.

Findings

The results show that FFP significantly and positively impacted the profitability of small clubs and the solvency of medium-sized clubs but has not impacted the largest clubs' financial performance. After these regulations, economic inequality in Spanish LaLiga increased.

Originality/value

The authors find evidence that club size moderates the effect of FFP on financial performance. The moderating role of club size may explain the mixed results found in previous research. The authors’ findings contribute to improving the literature on the impact of FFP on the financial performance of European football clubs.

Details

Sport, Business and Management: An International Journal, vol. 13 no. 5
Type: Research Article
ISSN: 2042-678X

Keywords

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Book part
Publication date: 25 May 2022

Nilendu Chatterjee and Tonmoy Chatterjee

The world has witnessed rapid changes as far as growth and convergence of economies are concerned. Over the past decades, many less-developed or developing economies have been…

Abstract

The world has witnessed rapid changes as far as growth and convergence of economies are concerned. Over the past decades, many less-developed or developing economies have been catching up with the industrialized economies; a few have even surpassed them, as far as growth is concerned. Also there have seen emergence of new economic powers in the world, where growth rates of these upcoming economies have not only converged with that of developed economies, but have gone ahead of them as well. In this chapter, by the help of beta convergence and sigma convergence, an attempt has been taken to find out the nature and causes of convergence among few developed and developing economies in the last three decades, that is, after 1990, which also covers the period of post-globalization in these developing nations. Main concerned variables are Per-capita GDP, Life expectancy at birth and Foreign Direct Investment. Such analysis would help to find how far globalization has been effective or helpful to the developing economies, as far as catching up with developed economies is concerned. The results suggest that in the post-globalization era, nations have been converging both absolutely as well as conditionally and the variance is also diminishing, which indicates the presence of sigma convergence as well.

Details

Globalization, Income Distribution and Sustainable Development
Type: Book
ISBN: 978-1-80117-870-9

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Article
Publication date: 1 June 2021

Fazıl Gökgöz and Engin Yalçın

World Cup tournament is one of the most popular international organizations in football. The purpose of this paper is to investigate the overall performance of World Cup 2018…

420

Abstract

Purpose

World Cup tournament is one of the most popular international organizations in football. The purpose of this paper is to investigate the overall performance of World Cup 2018 teams via multi-criteria decision-making (MCDM) approaches.

Design/methodology/approach

The presented approach adopts entropy integrated Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) and Weighted Aggregated Sum Product Assessment (WASPAS) approaches to weight the criteria and evaluate the performance of World Cup 2018 teams. Initially, the authors compute weight criteria via Shannon Entropy method. Then, the authors compute and compare the results of TOPSIS and WASPAS methods so as to evaluate the performance of World Cup 2018 teams.

Findings

According to TOPSIS and WASPAS results, Belgium has demonstrated better performance in comparison to other teams. As per to the empirical results, both methods have shown a significant harmony in terms of performance figures. There is also strong positive correlation between TOPSIS and WASPAS method results. This result confirms the stability of the analysis.

Originality/value

This paper contributes to sport performance management literature by using MCDM methods in FIFA World Cup 2018 teams. To the best of the authors’ knowledge, this is the first paper to measure performance of an international football organization via MCDM methods.

Details

Team Performance Management: An International Journal, vol. 27 no. 3/4
Type: Research Article
ISSN: 1352-7592

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Article
Publication date: 23 April 2020

Clive Beggs and Alexander John Bond

Despite being a widely used management technique, cumulative sum (CUSUM) analysis remains almost unheard of in professional sport. To address this, CUSUM analysis of soccer match…

188

Abstract

Purpose

Despite being a widely used management technique, cumulative sum (CUSUM) analysis remains almost unheard of in professional sport. To address this, CUSUM analysis of soccer match data from the English Premier League (EPL) was performed. The primary objective of the study was to evaluate CUSUM as a tool for assessing “on-field” team performance. As a secondary objective, the association between managerial change and team performance was evaluated.

Design/methodology/approach

CUSUM was applied retrospectively to goal difference data for six EPL teams (Arsenal, Chelsea, Everton, Liverpool, Manchester United and Tottenham) over 23 consecutive seasons from 1995 to 2018. This was supplemented with change point analysis to identify structural changes in mean goal difference. Succession was evaluated by mapping historical managerial changes onto the CUSUM plots for the respective clubs.

Findings

CUSUM analysis revealed the presence of structural changes in four clubs. Two structural change points were identified for both Chelsea and Everton, one for Manchester United and Tottenham and none for Arsenal and Liverpool. Relatively few managerial changes coincided temporally with structural changes in “on-field” performance, with most appointments having minimal impact on long-term team performance. Other factors (e.g. changes in ownership) appear to have been influential.

Research limitations/implications

The study was limited by the fact that only successful teams were investigated.

Practical implications

CUSUM analysis appears to have potential as a tool for executive decision-makers to evaluate performance outcomes in professional soccer.

Originality/value

The study is the first of its kind to use CUSUM analysis to evaluate team performance in professional soccer.

Details

Sport, Business and Management: An International Journal, vol. 10 no. 3
Type: Research Article
ISSN: 2042-678X

Keywords

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Article
Publication date: 30 November 2022

Fazıl Gökgöz and Engin Yalçın

The purpose of this study is to evaluate the performance of the Champions League teams using the entropy-integrated Multi Attribute Ideal-Real Comparative Analysis (MAIRCA) and…

308

Abstract

Purpose

The purpose of this study is to evaluate the performance of the Champions League teams using the entropy-integrated Multi Attribute Ideal-Real Comparative Analysis (MAIRCA) and super-slack-based data envelopment analysis for the 2012–2022 period.

Design/methodology/approach

This study consists of two sections. First, this study uses the entropy-integrated MAIRCA approach, which is a novel multi-criteria decision-making (MCDM) technique developed by Gigović, to measure the performance of Champions League clubs. Second, this study proceeds with the super-slack-based DEA to evaluate the efficiency of the Champions League clubs.

Findings

As per the empirical results, Real Madrid is found to be the best-performing club over the past 10 years in terms of financial and sportive performance. Over the analyzed period, teams from the five Major Leagues of Europe perform better.

Originality/value

To the best of the authors’ knowledge, performance measurement studies in football have focused on either DEA or MCDM. This study aims to present novelty for football literature by evaluating holistically both the sportive and financial dimensions. This paper also analyzes Champions League teams from the perspective of both MCDM and super-slack-based DEA methods.

Details

Team Performance Management: An International Journal, vol. 29 no. 1/2
Type: Research Article
ISSN: 1352-7592

Keywords

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Article
Publication date: 5 October 2012

Alexander Kern, Michael Schwarzmann and Armin Wiedenegger

The purpose of this research paper is to prove the superiority of a two‐stage data envelopment analysis compared to a one‐stage approach in measuring a football club's efficiency…

1947

Abstract

Purpose

The purpose of this research paper is to prove the superiority of a two‐stage data envelopment analysis compared to a one‐stage approach in measuring a football club's efficiency. Moreover it provides best practice benchmarks for the research sample which supports football officials to orient themselves to the right clubs.

Design/methodology/approach

A non‐parametric two‐stage data envelopment analysis for the seasons 2006/07 to 2008/09 is introduced to measure the efficiency of English Premier League football clubs from an off‐field and an on‐field perspective. The results are compared with those of the traditional one‐stage data envelopment analysis approach to identify insufficiencies of the latter.

Findings

The results show evidence that different conclusions derive from either the one‐ or the two‐stage approach with the threat of potential misinterpretations in the case of the former. Furthermore, this study provides football clubs with information to focus on specific efficiency‐enhancing strategies at the individual stages of the production process and therefore acts as a supportive tool for the football club officials for setting corrective actions if inefficiencies are identified.

Research limitations/implications

The present article provides a foundation for future studies in other football leagues as well as for an intertemporal analysis which evaluates the efficiency of a club on a yearly basis.

Originality/value

This is the first paper that introduces a two‐stage data envelopment analysis approach in football research. It has proven that it can identify sources of inefficiencies more accurately than a one‐stage data envelopment analysis and provides football officials with valuable information about their club.

Details

Sport, Business and Management: An International Journal, vol. 2 no. 3
Type: Research Article
ISSN: 2042-678X

Keywords

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