The political economy of the supercars Newcastle 500 event

Patricia C. Johnson; Phoebe Everingham; Christine Everingham

doi:10.1016/j.annale.2023.100094

The political economy of the supercars Newcastle 500 event

Patricia C. Johnson, Phoebe Everingham^*, Christine Everingham

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

44 Downloads (Pure)

Abstract

Public/private partnerships staging urban motor-racing events promise a range of dubious ‘benefits’ to the host destination. These high-octane events are notorious for creating controversy over the disruptions they create. This study employs an investigative research method to explore the political economy of the Supercars Newcastle 500 in New South Wales, Australia. Results revealed how strategic misrepresentation and information asymmetry are used as tactics to avoid public scrutiny. The term ‘magic of major events mathematics’ is coined to explain how public expenditure is ‘hidden’ from public view, how costs are transformed into benefits, and how attendance numbers are ghosted. The research examines links between major events and touted leisure and tourism benefits as it questions the ethics of neoliberal governance practices.

Original language	English
Article number	100094
Pages (from-to)	1-10
Number of pages	10
Journal	Annals of Tourism Research Empirical Insights
Volume	4
Issue number	1
DOIs	https://doi.org/10.1016/j.annale.2023.100094
Publication status	Published - May 2023
Externally published	Yes

Bibliographical note

Copyright the Publisher 2023. Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.

Keywords

Information asymmetry
Investigative research
Motor racing events
Neoliberal governance
Political economy
Public/private partnerships

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10.1016/j.annale.2023.100094

Publisher version (open access)Final published version, 1.72 MBLicence: CC BY-NC-ND

Cite this

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title = "The political economy of the supercars Newcastle 500 event",

abstract = "Public/private partnerships staging urban motor-racing events promise a range of dubious {\textquoteleft}benefits{\textquoteright} to the host destination. These high-octane events are notorious for creating controversy over the disruptions they create. This study employs an investigative research method to explore the political economy of the Supercars Newcastle 500 in New South Wales, Australia. Results revealed how strategic misrepresentation and information asymmetry are used as tactics to avoid public scrutiny. The term {\textquoteleft}magic of major events mathematics{\textquoteright} is coined to explain how public expenditure is {\textquoteleft}hidden{\textquoteright} from public view, how costs are transformed into benefits, and how attendance numbers are ghosted. The research examines links between major events and touted leisure and tourism benefits as it questions the ethics of neoliberal governance practices.",

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The political economy of the supercars Newcastle 500 event

Abstract

Bibliographical note

Keywords

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