The Rise and Fall (and Rise and Fall) of the Olympic Games as an Economic Driver

Victor Matheson

No 1816, Working Papers from College of the Holy Cross, Department of Economics

Abstract: This paper traces the economic history of major sporting events focusing on the Olympics. Historically, the Olympic Games as well as other major sporting events have been considered costly events that place a burden on host cities. Only in relatively recent years, coinciding with the massive increases in the cost of hosting these events, have event organizers begun to claim that these events bring with them large economic benefits.

Keywords: stadiums; arenas; World Cup; sports; tourism; olympics; economic history; mega-events (search for similar items in EconPapers)
JEL-codes: O18 R53 Z28 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2018-12
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Published in Insights into the Economic History of the Sports Industry, John Wilson and Richard Pomfret, eds., (Edward Elgar), forthcoming.

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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:1816

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