Publication:
Using Soccer Games as an Instrument to Forecast the Spread of COVID-19 in Europe

Thumbnail Image
Files
Using Soccer Games as an Instrument to Forecast the Spread of COVID19 in Europe.pdf (649.96 KB)
Date
2021-11
Authors
Advisor
Court
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Defense Date
Metrics
Citation
Research Projects
Organizational Units
Journal Issue
URI
https://hdl.handle.net/20.500.14417/3300
DOI
https://doi.org/10.1016/j.frl.2021.101992
Abstract
We provide strong empirical support for the contribution of soccer games held in Europe to the spread of the COVID-19 virus in March 2020. We analyze more than 1,000 games across 194 regions from 10 European countries. Daily cases of COVID-19 grow significantly faster in regions where at least one soccer game took place two weeks earlier, consistent with the existence of an incubation period. These results weaken as we include stadiums with smaller capacity. We discuss the relevance of these variables as instruments for the identification of the causal effect of COVID-19 on firms, the economy, and financial markets.
Unesco subjects
License
Attribution-NonCommercial-NoDerivatives 4.0 International
School
IE Business School
Center
Keywords
Citation
Gómez, J. P., & Mironov, M. (2021). Using soccer games as an instrument to forecast the spread of covid-19 in europe. Finance Research Letters, 43, 101992. https://doi.org/10.1016/j.frl.2021.101992
Collections
Research Articles