SSRN Electronic Journal· 2005· Preprint
Long Live Fenerbahçe: The Production Boosting Effects of Football
- 1citations
- 2005year
Short summary
Fenerbahçe's success in European football cups boosts Turkish industrial production growth by 0.26% per win, acting as a proxy for improved worker morale.
AI-generated from the title and abstract; the full text is not read.
Key points
- Fenerbahçe's success in European football cups positively impacts Turkish industrial production.
- Each win in European cups is associated with a 0.26% increase in monthly industrial growth rate.
- The effect is linked to improved worker morale, with Fenerbahçe's success acting as a proxy.
- Games against domestic rivals did not show a statistically significant impact on industrial performance.
AI-generated from the title and abstract; the full text is not read.
Abstract
The connection between Turkish industrial production performance and the success of a popular Turkish football team, namely Fenerbahce, is the central theme of this article. The success of Fenerbahce is interpreted as a proxy for the workers’ mood or morale. Performing a transfer function analysis on our monthly data set, we reveal positive feedback from Fenerbahce’s success, which proxies workers’ mood/morale, to economic performance such that the monthly industrial growth rate increases by 0.26% with the number of games won by Fenerbahce in European cups regardless of where the game is played. Evidence of the effects of games against domestic rivals on industrial performance is not statistically significant.
The authors' abstract, as published at the source. SSRN Electronic Journal, 2005 · DOI ↗
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Field: Economics and Econometrics
Economics and EconometricsEconomics, Econometrics and Finance