An Analysis of Drivers of Mega-Events in Emerging Economies

Robert Baade () and Victor Matheson
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Robert Baade: Department of Economics and Business, Lake Forest College

No 1507, Working Papers from College of the Holy Cross, Department of Economics

Abstract: Developing countries that host mega-events such as the Olympic Games and World Cup invest enormous sums in stadiums and collateral infrastructure projects. The paper examines the motivations of countries to host these events and the typical economic outcome for those host sites lucky(?) enough be awarded the games. For both efficiency and equity reasons, these events are risk propositions at best, and they generally represent an even worse investment for developing countries than for industrialized nations.

Keywords: sports; stadiums; development; impact analysis; Olympics; World Cup; tourism (search for similar items in EconPapers)
JEL-codes: L83 O18 R53 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2015-09
New Economics Papers: this item is included in nep-ppm and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in The Oxford Handbook of Megaproject Management, Bent Flyvbjerg, ed., (London: Oxford University Press, 2017), Pages 287-309.

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https://hcapps.holycross.edu/hcs/RePEc/hcx/HC1507- ... EventsDeveloping.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:1507

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