POLITICAL ECONOMY OF OLYMPIC GAMES

Rustem Nureev and E. Markin
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E. Markin: Russian State University of Physical Education

Review of Business and Economics Studies // Review of Business and Economics Studies, 2015, vol. 3, issue 1, 5-33

Abstract:

The purpose of the article is to analyze how IOC voting process modifies the Olympic ideals and sport development in host countries. The authors analyze a representative democracy within the Olympic Movement (the features of the functioning of the IOC, NOCs and other public organizations in the process of Olympic Games preparation). The article discusses the features of the decision making process at different stages of the hosting country selection. Candidature Acceptance Procedure includes 11 indicators. The authors describe these indicators and analyze the importance of each of them for final score. A special attention is paid to the voting procedure in the final part of the decision. The authors investigate the factors contributing to the developmentof principal-agent problem, logrolling and bureaucracy. Features of voting and logrolling are based on the choice of 2014 Olympic Winter Games capital (Sochi, Russia).Influence of Olympic Games on the host country’s economy is investigated on the base of major macroeconomic factors. Authors show the dependence between chosen model of administration and financing and economy and sport development in SR and LR.The authors draw conclusions on how to improve the constitutional framework for the reduction of the prerequisites for the emergence of informal relations in the decision to host sports mega events.

В статье рассматривается прямая и представительная формы демократии и их проявлениев Олимпийском движении. Авторы подробно анализируют процесс выбора столицы очередных Олимпийских игр, его слабые стороны. Особое внимание уделено выборам Сочи - столицы зимних Олимпийских игр2014 года.Авторы дают анализ издержек и выгод на разных этапах олимпийского делового цикла, рассматривают особенности экономической и политической деловой активности и факторов, от которых они зависят. Статья также посвящена анализу влияния Олимпийских игр на экономику страны их проведения. Выделены модели управления и финансирования Олимпийских игр и дан анализ их применения в странах, проводивших Олимпийские игры в 1992-2008 гг.

Keywords: Olympic Games; decision making process; voting procedure; direct democracy; political business cycle; International Olympic Committee (search for similar items in EconPapers)
Date: 2019-02-25
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Journal Article: Political economy of Olympic Games (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:scn:00rbes:y:2015:i:1:p:5-33

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