World Cup economics: The World Cup has an economic effect on participating countries, according to an analysis of 50 years of nations’ economic data that examined their World Cup success during the same period. Craig Depken, an economics professor in UNC Charlotte’s Belk College of Business, collaborated with Dennis Wilson of Western Kentucky University on the working paper “The Long-Run Impacts of the World Cup.” It details the loss of productivity in a country when its team is in the World Cup.
In countries where soccer is in high demand, “individuals … might ‘purchase’ their enjoyment of the World Cup with reduced GDP growth in the year the finals take place,” the authors wrote. The paper was profiled recently in The Motley Fool.
New AIA Fellows: Melissa Farling and Alan McGuinn, alumni of the UNCC School of Architecture, were named Fellows of the American Institute of Architects at the organization’s national convention June 26-28 in Chicago. The honor is bestowed on architects who have made a significant contribution to architecture and society on a national level and have achieved an exemplary standard of excellence in the profession.
Welsh tea: The Charlotte Museum of History will host a Welsh afternoon tea 4-5 p.m. July 27.
The cost is $20 for adults and $15 for members. Seating is limited; advance registration is required by July 24. This is the second tea in the museum’s four-part program “Teas of the British Isles.” Robert Maier, founder of the Welsh Society of the Carolinas, will be the featured speaker. Kay Peninger, the museum’s executive director, said the event will feature freshly brewed hot tea and foods typical of an afternoon tea in Wales, such as Welsh cakes and bara brith. Details: Lisa Jillani, Lisa@CharlotteMuseum.org.