Is there an Economic Case for the Olympic Games?

Chris Dempsey (), Victor Matheson and Andrew Zimbalist ()
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Chris Dempsey: No Boston Olympics
Andrew Zimbalist: Department of Economics, Smith College

No 1902, Working Papers from College of the Holy Cross, Department of Economics

Abstract: The Olympic Games are a major undertaking that promise both large costs and potentially large benefits to host cities. This paper lays out the potential economic benefits of hosting the Olympics and details how, in the vast majority of cases, these gains are unlikely to cover the costs of hosting the event. The ideas are then applied to the experience of Boston in its ultimately unsuccessful bid for the 2024 Summer Olympics.

Keywords: Olympics; mega-events; impact analysis; Boston; tourism (search for similar items in EconPapers)
JEL-codes: O18 R53 Z28 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2019-07
New Economics Papers: this item is included in nep-cul, nep-ore, nep-spo and nep-ure
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https://hcapps.holycross.edu/hcs/RePEc/hcx/HC1902- ... mbalist_Olympics.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:1902

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