The Olympic Games as a News Shock

Viktoria C. E. Langer, Wolfgang Maennig and Felix Richter

Journal of Sports Economics, 2018, vol. 19, issue 6, 884-906

Abstract: The awarding of the Olympic Games to a certain city or the announcement of a city’s Olympic bid may be considered as a news shock that affects agents’ market expectations. A news shock implies potential impacts on the dynamic adjustment process that change not only the volatility but also the long-run steady-state levels of endogenous economic variables. In this study, we contribute to and extend previous researchers’ attempts to empirically test for the Olympic Games as a news shock by implementing full structural models and by matching Olympic hosts and bidders to structurally similar countries.

Keywords: anticipated shock; Olympic Games; GDP growth; matching; entropy balancing; mega event (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:19:y:2018:i:6:p:884-906

DOI: 10.1177/1527002517690788

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