The future development of world records

Franziska K. Kruse/Wolfgang Maennig

We conduct an innovative analysis of sporting world records by a) using economic instead of sporting determinants and b) by using multivariate stochastic frontier functions. Using data from 48 different disciplines between 1970 and 2014, we show that world records are close to full efficiency and therefore actual athletic frontiers. Forecasts including economic determinants imply that the dynamics of world records largely depend on the dynamics of the frontiers and their driving forces, i.e., socio-economic developments.

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Year of publication:	September 2017
Authors:	Kruse, Franziska K. ; Maennig, Wolfgang
Publisher:	Hamburg : Universität Hamburg, Faculty Economics and Social Sciences, Chair for Economic Policy
Subject:	World records \| productivity growth \| stochastic frontier function \| technical efficiency \| Technische Effizienz \| Technical efficiency \| Welt \| World \| Produktivität \| Productivity \| Produktionsfunktion \| Production function \| Schätzung \| Estimation \| Entwicklungsländer \| Developing countries \| Leistungssport \| Weltrekord \| Prognose

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Extent:	1 Online-Ressource (circa 26 Seiten) Illustrationen
Series:	Hamburg contemporary economic discussions. - Hamburg : [Verlag nicht ermittelbar], ISSN 1865-7133, ZDB-ID 2409805-X. - Vol. no. 61
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Erscheint auch als Druck-Ausgabe
ISBN:	978-3-942820-37-0 ; 978-3-942820-36-3
Other identifiers:	hdl:10419/175041 [Handle]
Classification:	C10 - Econometric and Statistical Methods: General. General ; C23 - Models with Panel Data ; C53 - Forecasting and Other Model Applications ; L83 - Sports; Gambling; Recreation; Tourism ; Sportsoziologie, Sportpsychologie ; Wettkämpfe
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011730199