Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/175041
Authors: 
Kruse, Franziska K.
Maennig, Wolfgang
Year of Publication: 
2017
Series/Report no.: 
Hamburg Contemporary Economic Discussions 61
Abstract: 
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.
Subjects: 
World records
productivity growth
stochastic frontier function
technical efficiency
JEL: 
C10
C23
C53
L83
ISBN: 
978-3-942820-37-0
Document Type: 
Working Paper
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