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

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dc.contributor.authorGómez, Juan Pedro
dc.contributor.authorMironov, Maxim
dc.contributor.funderMinisterio de Economía y Competitividad
dc.contributor.funderAgencia Estatal de Investigación
dc.contributor.funderEuropean Regional Development Fund
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2024-10-23T16:17:55Z
dc.date.available2024-10-23T16:17:55Z
dc.date.issued2021-11
dc.description.abstractWe 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.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationGómez, 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
dc.identifier.doihttps://doi.org/10.1016/j.frl.2021.101992
dc.identifier.issn1544-6131
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3300
dc.journal.titleFinance Research Letters
dc.language.isoes
dc.publisherElsevier
dc.relation.departmentFinance
dc.relation.entityIE University
dc.relation.projectIDPGC2018-101745-A-I00
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject.keywordCOVID-19
dc.subject.keywordSoccer
dc.subject.keywordSuper-spreaders
dc.subject.keywordInstrumental variables
dc.subject.keywordIdentification strategy
dc.titleUsing Soccer Games as an Instrument to Forecast the Spread of COVID-19 in Europe
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/acceptedVersion
dc.volume.number43
dspace.entity.typePublication
relation.isAuthorOfPublication4c2d4d21-bbf8-4935-96bc-6475146ceea7
relation.isAuthorOfPublication0bc83c87-23fa-465d-b947-ccdf85a89034
relation.isAuthorOfPublication.latestForDiscovery4c2d4d21-bbf8-4935-96bc-6475146ceea7
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