Long live Fenerbahçe: the production boosting effects of football
Author
Berument, Hakan
Yucel, E. M.
Date
2005Source Title
Journal of Economic Psychology
Print ISSN
0167-4870
Electronic ISSN
1872-7719
Publisher
Elsevier BV
Volume
26
Issue
6
Pages
842 - 861
Language
English
Type
ArticleItem Usage Stats
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Abstract
The connection between Turkish industrial production performance and the success of a
popular Turkish football team, namelyFenerbahc¸e, is the central theme of this article. The
success of Fenerbahc¸e is interpreted as a proxyfor the workers mood or morale. Performing
a transfer function analysis on our monthly data set, we reveal positive feedback from
Fenerbahc¸e s success, which proxies workers mood/morale, to economic performance such
that the monthlyindustrial growth rate increases by0.26% with the number of games won
byFenerbahc¸e in European cups regardless of where the game is played. Evidence of the
effects of games against domestic rivals on industrial performance is not statistically
significant.
2005 Elsevier B.V. All rights reserved.