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Research Begins into The Complexities of Sports Economics

The Center for International Development (CID) at Harvard University and the International Centre for Sport Security (ICSS) have launched a two-year joint research project into the sustainable development of sports economies.

The research project will map out the factors that influence economic activity around sport, and create indicators that can be used to evaluate the potential for development of a city or region’s sports sector.

Ricardo Hausmann, Director of the Center for International Development and Professor of the Practice of Economic Development at Harvard University, said the project will “enable us to broaden our insights into sport at the city and country levels using the Product Space methodology”.

Professor Hausmann continued: “Through this collaboration, we will begin to understand the economic complexities that affect the development of sport as an industry. This is significant work as it will make a contribution to the public body of knowledge. It will help us to further identify why some cities and countries are more successful than others in developing robust and sustainable industries around sport.”

Mohammed Hanzab, President of the ICSS, said the agreement is an important milestone in the ICSS strategy of forging key working relationships with the world’s leading experts, and will establish an analytical framework to assist cities and countries that want to develop their sports sectors.

Dr Shaun McCarthy heads up the ICSS Index – a project designed to assist client countries and cities to increase the economic and social contribution of sport. ?Dr McCarthy said: “This research will produce key insights into how various sports-related services and manufacturing industries play a role in economies. There are a number of important components required to create an integrated approach.

“The ICSS Index will combine these components to improve our ability to examine the private-sector activities and governance structures that influence a city’s ability to develop sustainable sports sectors.”

At the project launch, the ICSS was named as a Founding Member of CID’s website for The Atlas of Economic Complexity, which enables users to visualise a country’s total trade, track how these dynamics change over time and explore growth opportunities for more than 100 countries worldwide.

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