Economics, Business, and Finance
Oxford University program management and planning expert selects Rob Baade’s paper for ‘classics’ book on megaprojects
A.B. Dick Professor of Economics and Business Rob Baade’s article, “The Quest for the Cup: Assessing the Economic Impact of the World Cup,” co-authored by Victor A. Matheson, will appear in the book Megaproject Planning and Management: Essential Readings compiled by Oxford’s Bent Flyvbjerg. It is expected to be published early next year.
Baade is a specialist in public and international finance and sports economics. He has evaluated the economic impact of many large-scale projects that require public subsidies, such as political conventions and the construction of arenas and stadiums.
Last summer, he traveled to Brazil to speak to the South American country’s government about how to maximize the economic impact of several forthcoming and/or recent megaprojects: the 2016 Olympic Summer Games in Rio de Janeiro, the 2014 World Cup, and the papal visit last summer. He expects to return to Brazil in the near future to continue his work.
Baade’s work, broadly speaking, addresses the question: Is the economic impact of these projects enough to justify the use of large public subsidies?