Assessing the regional impacts of a multi-hosting mega sport event: The case of EURO 2020 in Rome

Abstract

UEFA EURO 2020 is the first multi-hosting mega-event developed on the entire continent. Often, mega-events concentrated in one place have turned out to have a modest, or adverse, economic impact due to high costs. Therefore, the ex-post assessment of the local impact of the four matches played in Rome as a mega-event is an interesting case study. To this end, we use a Computable General Equilibrium model based on the Lazio regional Social Accounting Matrix. We estimate a significant Gross Domestic Product multiplier at around 1.45. Furthermore, in terms of employment, the event generates an additional net volume equivalent to 9762 full-time jobs per year.