Euro 2012 as a growth and development driving event for a small, open economy
Abstrakt
The aim of the thesis is to estimate whether Euro 2012 as a sporting event can have a
positive impact on Polish economy, and if so to what degree.
The problem lies in answering the question “Does a three-week event can have a significant
positive influence on a small open economy?” Is it worth years of preparations and spending
billions of Polish zloty’s? What effect will Euro 2012 have in a long run?
Therefore, I will try to evaluate pros and cons and finally estimate probable impact of such an
event on Polish economy.
The main hypothesis is that Euro 2012 will have profound influence on Polish economy; it
will have a positive impact on modernizing infrastructure in a country which encompasses
building hotels, railway tracks, new motorways as well as renovating already existing roads
connecting hosts cities.
In first chapter, I will describe theories of growth and development, and look for
similarities and differences between them. In second part, I will analyze factors contributing
to increase in economic growth and progress. Furthermore, my paper includes description of
other factors contributing to growth and development
In third chapter, I will focus on issues related to Euro 2012 event such as origins and
rules of football, business activities associated with the tournament, and investments
necessary for modernizing Polish infrastructure. Last chapter is organized in the form of
influence of Euro 2012 on Polish economy. Therefore, I found numbers concerning the effect
of former European and World football tournaments on host countries economy, and
accordingly had an opportunity to compare their growth rates with foreseen Polish growth
rate. In order to obtain such numbers, I made some calculations in ITSM and Excel. My
estimations seem to be probable, as prominent personages make similar predictions.
Opis
Słowa kluczowe
economy, the endogenous growth model, the neoclassical growth model, small open economy, saving and growth, investment and saving, Euro 2012