The causal economic effects of Olympic Games on host regions
| Autor: | Matthias Firgo |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Counterfactual thinking
Economics and Econometrics Public infrastructure education.field_of_study Short run 05 social sciences Population Bidding Urban Studies Geography 0502 economics and business Economics Per capita Sports economics National level Demographic economics 050207 economics education Host (network) 050205 econometrics |
| Zdroj: | Regional Science and Urban Economics. 88:103673 |
| ISSN: | 0166-0462 |
| Popis: | This paper is the first to study the effects of hosting Olympic Games on regional economic output beyond population dynamics. For identification, runners-up in the Olympic bidding process are used to construct the counterfactual for Olympic host regions. In the short run, hosting Summer Olympics boosts regional GDP per capita by about 3–4 percentage points relative to the national level in the year of the event and the year before. There is also evidence for positive long-run effects, but results on the latter are not statistically robust. In contrast, Winter Olympics do not have a positive impact on host regions. If anything, they lead to a temporal decline in regional GDP per capita in the years around the event. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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