There have been numerous academic studies on the economic benefits of hosting the World Cup. A few, out of a long list of studies, can be found here:
- The Economic Impact, Costs and Benefits of the FIFA World Cup and the Olympic Games: Who Wins, Who Loses?
- Russia predicts World Cup will have $31 billion economic impact
- Economic Impacts of the FIFA World Cup in Developing Countries
Infrastructure spending, increased tourism (both short- and long-term), higher labor/civic morale, and increased profile of the host country are often cited as the benefits. On the other hand, the cost of building (and financing) the stadiums, crowding out of private investment, congestion, and the cost of security are some potential disadvantages.
But as international equity investors, we are more focused on the simple question: