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

Narayan, Paresh Kumar and Smyth, Russell 2004, The race that stops a nation : the demand for the Melbourne Cup, The economic record, vol. 80, no. 249, pp. 193-207, doi: 10.1111/j.1475-4932.2004.00172.x.

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Title The race that stops a nation : the demand for the Melbourne Cup
Author(s) Narayan, Paresh KumarORCID iD for Narayan, Paresh Kumar
Smyth, Russell
Journal name The economic record
Volume number 80
Issue number 249
Start page 193
End page 207
Total pages 15
Publisher Wiley-Blackwell
Place of publication Richmond, Vic.
Publication date 2004
ISSN 0013-0249
Summary 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.
Language eng
DOI 10.1111/j.1475-4932.2004.00172.x
Field of Research 150199 Accounting, Auditing and Accountability not elsewhere classified
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2004, The Economic Society of Australia
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Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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