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Arts proponents frequently argue that the arts have a positive impact on the economy, yet this assertion is not … supported by satisfactory statistical testing. Using the U.S. Gross Domestic Product (GDP) and National Arts Index (NAI), this … study seeks to verify the contention that arts activities enhance economic growth. The test results signify, at the national …
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By means of an event study of stock market reactions to the announcement of the Olympic Games host cities, we find a significant and positive announcement effect of hosting the Summer Games, with a cumulative abnormal return of about 2% within a few days. We do not find any significant results...
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