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Rose & Spiegel (2011) find that Olympic Games host countries experience significant positive, lasting effects on exports. They interpret their results as an indication that countries use the hosting of such events to signal openness and competitiveness. We challenge these empirical findings on...
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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...
Persistent link: https://www.econbiz.de/10012846295
In this paper we analyze the impact of hosting the FIFA Soccer World Cup on GDP per capita in a worldwide sample of …, support the general claim that World Cups are not statistically associated to development and economic growth …
Persistent link: https://www.econbiz.de/10012921928
priorities on cities and citizens. It illustrates how event seizure plays out in the preparations for the Football World Cup 2018 … in Russia, which is on course to become the most expensive World Cup ever with a total cost of about USD 20 billion. The …-related infrastructure, particularly sports venues, crowd out infrastructure that serves wider urban needs. Second, financial seizure, where …
Persistent link: https://www.econbiz.de/10012973674
"This is a third edition of a book that analyzes the claim that cities chosen to host either an Olympics or World Cup … experience an economic windfall. The author focuses on the upcoming Tokyo 2020 summer Olympics and World Cup 2022 in Qatar …
Persistent link: https://www.econbiz.de/10012486391
We show that hosting the Olympic Games in 2012 had a positive impact on the life satisfaction and happiness of Londoners during the Games, compared to residents of Paris and Berlin. Notwithstanding issues of causal inference, the magnitude of the effects is equivalent to moving from the bottom...
Persistent link: https://www.econbiz.de/10012985759
success a nation’s soccer team in the FIFA World Cup Finals and that nation’s real per-capita GDP growth. Using an unbalanced … the World Cup finals, World Cup success, and real per-capita GDP growth. In Europe, North America, and South America, real … per-capita GDP growth declines by approximately one percentage point in the years during which the World Cup Finals occur …
Persistent link: https://www.econbiz.de/10014144818