Economic impact of the Climbing World Championships. Gijón, 8-14 September 2014

Abstract

Purpose: This study aims to assess the economic impact for the economy of the Principality of Asturias, of the World Climbing Championship held in Gijon in 2014.

Design/methodology/approach: Various instruments are available to assess the economic impact of a sporting event in a city or region. Among them is the Input-Output (I-O) analysis, which is used in this study.

Findings: We analyse the economic impacts of the expenditure by non-residents in the Principality of Asturias in a comprehensive study that categorises the individuals attending the Championship according to their accommodation choice and to different visitor categories (i.e. athletes, technicians, managers, etc.). The study also takes into account the expenditure on infrastructure and organization incurred by the organizer of the competition: the City Council of Gijon. The economic impact on the economy of Asturias of the 2014 World Climbing Championship held in Gijón is calculated in terms of the Gross Value Added (GVA).

Originality/value: When a public institution organizes an activity, an assessment of whether the expenditure has an economic return or leads to an unjustifiable expenditure of public money, is required.