The Predictive Power of Economic Policy Uncertainty at the UEFA Football Countries Ranking: An Empirical Investigation

Abstract

This chapter analyzes the prediction power of the economic policy uncertainty (EPU) index on the yearly countries ranking from UEFA (Union des associations européennes de football). We used the Bayesian Graphical Structural Vector Autoregressive model as well as the Ordinary Least Squares; we investigate that the EPU index has a predictive power on UEFA countries ranking. Fundamentally, the effect is positive and significant at both lower and higher quantiles of UEFA ranking and the EPU. In the light of these findings, this chapter concludes that economic and political uncertainty factors of each country can serve as a hedging tool against world football ranking.

Citation

Ntasis, L. and Koronios, K. (2020), "The Predictive Power of Economic Policy Uncertainty at the UEFA Football Countries Ranking: An Empirical Investigation", Sport Entrepreneurship, Emerald Publishing Limited, Leeds, pp. 135-149. https://doi.org/10.1108/978-1-83982-836-220201020