Long Live Fenerbahçe: The Production Boosting Effects of Football in Turkey

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Date Issued
2005-12Author
Berument, H.
Yucel, E.
Please cite this item using this persistent URL
http://hdl.handle.net/11693/11474Journal
Journal of Economic Psychology
Published as
http://dx.doi.org/10.1016/j.joep.2005.04.002Collections
- Department of Economics [152]
Publisher
Elsevier
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.
Citation
Berument, H., & Yucel, E. M. (2005). Long live Fenerbahçe: The production boosting effects of football. Journal of Economic Psychology, 26(6), 842-861.