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Macroeconomic Analysis of 1998 FIFA World Cup
Luyu Chen
Kexin Mi
Yunqing Bai
International Journal of Mathematics and Systems Science 2024, 7(9); https://doi.org/10.18686/ijmss.v7i9.9727
Submitted:18 Oct 2024
Accepted:18 Oct 2024
Published:18 Oct 2024
Abstract
After holding FIFA World Cup in 1998, France experienced a turning point after four years of recession. We are aiming to discover the income and expenditure in the French economy before, during, and after the FIFA World Cup 1998. Including the government spending to support this event, some domestic and foreign investment, and the change amount of total output in the economy as well. Using method of literature review and macroeconomic analysis, we find out that the economic success of 1998 FIFA can be attributed to augment of demand for transportation, high foreign direct investment, and sponsorship.
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