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The Causal Economic Effects of Olympic Games on Host Regions

Matthias Firgo

No 591, WIFO Working Papers from WIFO

Abstract: This paper studies the effects of hosting Olympic Games on the regional economy in the short- and long-run. For identification, runners-up in the Olympic bidding process are used to construct the counterfactual for Olympic host regions. In the short-run, hosting Summer Olympics boosts regional GDP per capita by about 3 to 4 percentage points relative to the national level in the year of the event and the year before. There is also evidence for positive long-run effects, but results on the latter are not statistically robust. In contrast, Winter Olympics do not have a positive impact on host regions. If anything, they lead to a temporal decline in regional GDP per capita in the years around the event.

Keywords: Olympic Games; mega events; public infrastructure; regional development; causal effects; sports economics (search for similar items in EconPapers)
Pages: 50 pages
Date: 2019-11-23
New Economics Papers: this item is included in nep-geo, nep-his, nep-spo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: The causal economic effects of Olympic Games on host regions (2021) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wpaper:y:2019:i:591

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