The Race That Stops a Nation: The Demand for the Melbourne Cup

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Title The Race That Stops a Nation: The Demand for the Melbourne Cup
Author Narayan, Paresh; Smyth, Russell
Journal Name The Economic Record
Editor Glenn Otto, Paul Miller
Year Published 2004
Place of publication Australia
Publisher Blackwell Publishing Asia
Abstract 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.
Peer Reviewed Yes
Published Yes
Publisher URI http://www.blackwell-synergy.com/doi/abs/10.1111/j.1475-4932.2004.00172.x
Alternative URI http://www.blackwell-synergy.com/links/doi/10.1111%2Fj.1475-4932.2004.00172.x
Copyright Statement Copyright 2004 Blackwell Publishing. The definitive version is available at [www.blackwell-synergy.com.]
Volume 80
Issue Number 249
Page from 193
Page to 207
ISSN 0013-0249
Date Accessioned 2005-03-29
Date Available 2007-03-18T21:42:38Z
Language en_AU
Faculty Griffith Business School
Subject Applied Economics
URI http://hdl.handle.net/10072/5350
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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