Using Soccer Games as an Instrument to Forecast the Spread of COVID-19 in Europe

We provide strong empirical support for the contribution of soccer games held in Europe to the spread of the COVID-19 virus in March 2020. We analyze more than 1,000 games across 194 regions from 10 European countries. Daily cases of COVID-19 grow significantly faster in regions where at least one s...

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Detalles Bibliográficos
Autores principales: Gómez, Juan-Pedro, Mironov, Maxim
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7900761/
https://www.ncbi.nlm.nih.gov/pubmed/33642953
http://dx.doi.org/10.1016/j.frl.2021.101992
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author Gómez, Juan-Pedro
Mironov, Maxim
author_facet Gómez, Juan-Pedro
Mironov, Maxim
author_sort Gómez, Juan-Pedro
collection PubMed
description We provide strong empirical support for the contribution of soccer games held in Europe to the spread of the COVID-19 virus in March 2020. We analyze more than 1,000 games across 194 regions from 10 European countries. Daily cases of COVID-19 grow significantly faster in regions where at least one soccer game took place two weeks earlier, consistent with the existence of an incubation period. These results weaken as we include stadiums with smaller capacity. We discuss the relevance of these variables as instruments for the identification of the causal effect of COVID-19 on firms, the economy, and financial markets.
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spelling pubmed-79007612021-02-23 Using Soccer Games as an Instrument to Forecast the Spread of COVID-19 in Europe Gómez, Juan-Pedro Mironov, Maxim Financ Res Lett Article We provide strong empirical support for the contribution of soccer games held in Europe to the spread of the COVID-19 virus in March 2020. We analyze more than 1,000 games across 194 regions from 10 European countries. Daily cases of COVID-19 grow significantly faster in regions where at least one soccer game took place two weeks earlier, consistent with the existence of an incubation period. These results weaken as we include stadiums with smaller capacity. We discuss the relevance of these variables as instruments for the identification of the causal effect of COVID-19 on firms, the economy, and financial markets. Elsevier Inc. 2021-11 2021-02-23 /pmc/articles/PMC7900761/ /pubmed/33642953 http://dx.doi.org/10.1016/j.frl.2021.101992 Text en © 2021 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Gómez, Juan-Pedro
Mironov, Maxim
Using Soccer Games as an Instrument to Forecast the Spread of COVID-19 in Europe
title Using Soccer Games as an Instrument to Forecast the Spread of COVID-19 in Europe
title_full Using Soccer Games as an Instrument to Forecast the Spread of COVID-19 in Europe
title_fullStr Using Soccer Games as an Instrument to Forecast the Spread of COVID-19 in Europe
title_full_unstemmed Using Soccer Games as an Instrument to Forecast the Spread of COVID-19 in Europe
title_short Using Soccer Games as an Instrument to Forecast the Spread of COVID-19 in Europe
title_sort using soccer games as an instrument to forecast the spread of covid-19 in europe
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7900761/
https://www.ncbi.nlm.nih.gov/pubmed/33642953
http://dx.doi.org/10.1016/j.frl.2021.101992
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