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      Long live Fenerbahçe: the production boosting effects of football

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      Author
      Berument, Hakan
      Yucel, E. M.
      Date
      2005
      Source 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
      Article
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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.
      Keywords
      Mood
      Morale and productivity
      Permalink
      http://hdl.handle.net/11693/11474
      Published Version (Please cite this version)
      http://dx.doi.org/10.1016/j.joep.2005.04.002
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