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The Economics of Sport and Recreation provides a much needed and up-to-date analysis of sport's contribution to the global economy. This new edition covers all aspects of the economics of sport and recreation but gives prominence to the staggering rise of the commercial sector over the last decade. Special attention is paid to the economics of the sports goods industry, the economics of sports sponsorship, the economics of major sports events, the economics of professional team sports, and the economic relationship between sport and broadcasting. In the first edition of this book published in 1985, the emphasis was on the government and voluntary sectors as the lead sectors in the sports market. As we enter the next millennium, it is the commercial sector that is the lead sector in the sports market and this is reflected in the content and structure of the new book. Aimed specifically at students engaged in the study of sport and its interaction with the economy, this book will be an invaluable resource.
This text investigates the shifting economic landscape of the sports industry, specifically focusing on the transition from government-led provision to the dominance of the commercial sector. Authors Chris Gratton and Peter C. Taylor utilize historical data and contemporary market analysis to evaluate how professional sports, broadcasting, and sponsorship have evolved into significant global economic drivers. The book provides a structured framework for understanding the financial mechanisms that underpin modern sports consumption and production.
What You Will Find
Experts and academic reviewers frequently cite this work as a foundational text for students of sports management and economics. Readers often note the clarity with which the authors bridge the gap between macroeconomic theory and the practical realities of the modern sports industry.
Page Count:
256
Publication Date:
2002-01-01
Publisher:
Taylor & Francis Group
ISBN-10:
020347483X
ISBN-13:
9780203474839
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