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The race that stops a nation : the demand for the Melbourne Cup

journal contribution
posted on 2004-01-01, 00:00 authored by Paresh Narayan, R Smyth
This article uses the bounds testing procedure to cointegration, within an autoregressive distributed lag framework to estimate the determinants of attendance at the Melbourne Cup from its inception from 1861 to 2002. Following the literature on the demand for professional team sports, attendance is specified as a function of economic, demographic and race-specific factors. The main findings are that real income and population size are the major determinants of attendance in the long run, while in the short run the weather is the most important factor explaining attendance.

History

Journal

The economic record

Volume

80

Issue

249

Pagination

193 - 207

Publisher

Wiley-Blackwell

Location

Richmond, Vic.

ISSN

0013-0249

eISSN

1475-4932

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2004, The Economic Society of Australia

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