Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/220074 
Authors: 
Year of Publication: 
2019
Series/Report no.: 
WIFO Working Papers No. 591
Publisher: 
Austrian Institute of Economic Research (WIFO), Vienna
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.
Subjects: 
Olympic Games
Mega Events
Public Infrastructure
Regional Development
Causal Effects
Sports Economics
JEL: 
H54
O18
R11
R53
R58
Z28
Z38
Document Type: 
Working Paper

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