Introduction

Economic
impact in sport events can be defined as the net change in
an economy resulting from a sport event. The change is caused
by activity involving the acquisition, operation, development,
and use of sport facilities and services (Lieber & Alton,
1983). These in turn generate visitors’ spending, public spending,
employment opportunities, and tax revenue. Specifically, the
economic impacts of expenditure are composed of direct, indirect,
and induced effects. Direct effects are the purchases needed
to meet the increased demand of visitors for goods and services.
Indirect effects are the ripple effect of additional rounds
of re-circulating the initial spectators’ dollars. Induced
effects are the increase in employment and household income
that result from the economic activity fueled by the direct
and indirect effects (Dawson, Blahna, & Keith, 1993; Howard
& Crompton, 1995).