The more interesting opponents may attract more and higher income tourists, leading to greater grow value added (GVA), but these tourists may crowd out existing tourists.
Growth in GVA in the Greater Manchester area and each borough is examined in light of Premiership promotion and relegation.
"Football-related activities, including football clubs and businesses whose market depends on football, contributed around 330 million [pounds sterling] in GVA to the conurbation's economy in 2010/11" (Cambridge Econometrics Limited, p.
Borough level GVA data, overall and by activity, were obtained from New Economy Manchester (http://neweconomymanchester.com/) via e-mail.
The mean value of GVA and other economic values for that year and the following year were then calculated and assigned to the initial game year.
This level of volatility should provide considerable insight into the relationship between overall GVA growth and Premiership status.
The reported results use the growth rate of GVA of all other boroughs, j, weighted by proximity to borough i, i [+ or -] j.
GVA growth in other boroughs is positive and significant, as expected.
West Midlands financial software specialists Wealth Management Software has further extended its range of products after acquiring the property management software business of consultants GVA
Grimley in a cash deal worth pounds 900,000.