Abstract
Organizing sports events have played a role in the local community's economy. The research purpose was to estimate how the implementation of the 2022 Solo Mayor Cup sporting event will play a role in the local community's economy, such as output, added value, income creation, and job creation. The study used a quantitative descriptive study with a survey design. A total of 1,470 visitor surveys were generated (426 local visitors and 1,044 non-local visitors). The study used a quantitative descriptive study with a survey design. A total of 1,470 visitor surveys were generated (426 local visitors and 1,044 non-local visitors). The results show that the 2022 Solo Mayor Cup sporting event created an average output of 1,109.15 thousand rupiahs, an average income of 124.40 thousand rupiahs, and an average gross value added of 262.40 thousand rupiahs, and an average workforce can be absorbed 207 people. The existence of the 2022 Solo Mayor Cup sporting event can increase the host economy due to relevant direct expenditures from sports bodies for wages and due to visitors spending on accommodation, transportation, food and beverages, and shopping. Apart from that, the 2022 Solo Mayor Cup sporting event also created new job opportunities, increasing household income. The Walikota Solo Cup 2022 has a positive economic impact on the people of Solo.
References
Amador, L., Campoy-Muñoz, P., Cardenete, M. A., & Delgado, M. C. (2017). Economic impact assessment of small-scale sporting events using Social Accounting Matrices: an application to the Spanish Football League. Journal of Policy Research in Tourism, Leisure and Events, 9(3), 230-246.
Connaughton, J. E., & Swartz, C. (2014). The Economic Impact Of Sports And Sporting Events On The Charlotte Metropolitan Statistical Area (MSA) Economy. Journal of Business & Economics Research (JBER), 12(3), 215–230.
Greig, M. S., & McQuaid, R. W. (2003). The economic impact of a sporting event: a regional approach. In 43rd European Regional Science Association Congress.
Kour, P. (2019). Sports events and development of local economy: A case study of IPL match in Mohali.
Lee, S., Harris, J., & Lyberger, M. (2010). The economic impact of college sporting events: A case study of division IA football games. Event Management, 14(2), 157-165.
Lee, J. W. (2019). A winter sport mega-event and its aftermath: A critical review of post-Olympic PyeongChang. Local Economy, 34(7), 745–752. https://doi.org/10.1177/0269094219889608
Li, S. N., & Jago, L. (2013). Evaluating economic impacts of major sports events - A meta analysis of the key trends. Current Issues in Tourism, 16(6), 591–611. https://doi.org/10.1080/13683500.2012.736482
Lin, H. W., & Lu, H. F. (2018). A longitudinal assessment on the economic effects of hosting major sporting events. Applied Economics, 50(56), 6085-6099.
Müller, A. N. E. T. T. A., Bíró, M. E. L. I. N. D. A., Ráthonyi-Odor, K. I. N. G. A., Ráthonyi, G. E. R. G. E. L. Y., Széles-Kovács, G. Y. U. L. A., Boda, E. S. Z. T. E. R., ... & Andras, A. L. M. O. S. (2016). Economic impacts of sports events. Studia Universitatis Babes-Bolyai Educatio Artis Gymnasticae, 61(4), 85-95.
Njoroge, J. M., Buyeke, E., & Akama, J. (2015). Challenges to sustainable sports tourism development in a non-metropolitan region in Kenya: A case of Iten township.
Ogonu, G. C., & Didia, J. U. D. (2019). Tourism development as a catalyst for sustainable economic growth in Nigeria (2000-2014). International Journal of Economics and Business Management, 5(2), 31-42.
Rolfe, J. (2019). Simple economic frameworks to evaluate public investments in sporting events in regional Australia. Economic Analysis and Policy, pp. 63, 35–43.
Souza, T. V. S. B, Thapa, B., Rodrigues, C. G. D. O., & Imori, D. (2019). Economic impacts of tourism in protected areas of Brazil. Journal of Sustainable Tourism, 27(6), 735-749.
Sterken, E. (2006). Growth impact of major sporting events. European Sport Management Quarterly, 6(4), 375–389.
Wirawan, N. (2016). Matematika Ekonomi Lanjutan. Universitas Udayana: Keraras Emas.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Copyright (c) 2022 Bambang Wijanarko, Rumi Iqbal Doewes, Islahuzzaman Nuryadin, Sapta Kunta Purnama, Ismaryati Ismaryati