What has been left after hosting the Formula 1 Grand Prix in Istanbul?


Gezici F. , Er S.

CITIES, vol.41, pp.44-53, 2014 (Journal Indexed in SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 41
  • Publication Date: 2014
  • Doi Number: 10.1016/j.cities.2014.05.004
  • Title of Journal : CITIES
  • Page Numbers: pp.44-53

Abstract

Cities have been changing with the winds of globalization, which transforms economic structure from production to a more consumption-based economy. Especially since the 1990s, international events have increasingly become a new tool for attracting visitors, which bring revenue for the cities and enhance their competitiveness. Economically, it has been estimated that sporting events contribute 3% of the gross domestic product of OECD countries.