Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/149370 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Hamburg Contemporary Economic Discussions No. 52
Verlag: 
University of Hamburg, Faculty of Business, Economics and Social Sciences, Chair for Economic Policy, Hamburg
Zusammenfassung: 
Recent analyses relate increases in the growth rate of countries to anticipation effects caused by bidding for the Olympic Games, so called news shocks. We argue that these findings should be interpreted cautiously. First, these analyses may suffer from an omitted variable bias because they neglect key determinants of economic growth. Second, these analyses compare the bidders for the Olympic Games to all other countries in the world, which constitutes a comparison between groups that show large differences in their structural characteristics. We show that including established determinants of economic growth and comparing the bidders to a suitable control group may lead to a complete disappearance of the anticipated economic effects of Olympic Games.
Schlagwörter: 
Anticipated shock
Olympic Games
GDP growth
matching
mega event
JEL: 
E62
E65
F1
L83
ISBN: 
978-3-942820-19-6
Dokumentart: 
Working Paper

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