Bidding for the Olympics: fool's gold?

Baade, Robert A.; Matheson, Victor A.

doi:10.4337/9781843767367.00017

Cited by 94 publications

(95 citation statements)

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“…Their study of taxable sales data in the region concluded that the NFL has exaggerated the impact of the Miami Super Bowl by approximately a factor of ten using assumptions that favored identifying a strong economic impact. Baade and Matheson (2003) also examined the 1984 and 1996 Summer Olympics using metropolitan area employment data. Their examination of the 1984 Olympics revealed that Los Angeles experienced an unexplained increase of 5,000 jobs during the year of the Olympics.…”

Section: Review Of "Mega-event" Economic Impact Studiesmentioning

confidence: 99%

Mega‐sporting Events in Developing Nations: Playing the Way to Prosperity?

Matheson

Baade

2004

South African J Economics

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109

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ABSTRACT:Supporters of mega-sporting events such as the World Cup and Olympics claim that these events attract hoards of wealthy visitors and lead to lasting economic benefits for the host regions. For this reason, cities and countries compete vigorously for the right to stage these spectacles. Recently, developing countries have become increasingly vocal in demanding that they get the right to share in the economic benefits of these international games. China, for example, has been awarded the 2008Summer Olympics, and an African nation seems destined to host the 2010 World Cup. The specialized infrastructure and operating expenses required to host these events, however, can be extremely costly, and it is not at all clear that either the long or short-term benefits of the games are anywhere nearly large enough to cover these costs. This paper reviews other researchers' as well as our own previous work on mega-sporting events such as the Super Bowl and World Series as well as international events like the World Cup and Olympics. Independent researchers nearly unanimously find that boosters' projections of the economic impact of sporting events exaggerate the true economic impact of these competitions by a wide margin.In particular, in this paper we focus on the particular circumstances that face developing countries hosting these games. Our research suggests that in most cases mega-sporting events are an even worse investment for developing countries than for industrialized countries.

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Section: Review Of "Mega-event" Economic Impact Studiesmentioning

confidence: 99%

Mega‐sporting Events in Developing Nations: Playing the Way to Prosperity?

Matheson

Baade

2004

South African J Economics

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109

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“…Focusing on the impact of the two events, it can be seen that 1 x and 2 x were positively affected by the March 2007 event, 3 x and 4 x were unaffected and, by the nature of the composition, 5 x was negatively affected. In other words, those…”

Section: Figures 2 and 3 [About Here]mentioning

confidence: 99%

“…For example, focusing on the 1984 Los Angeles and 1996 Atlanta Summer Olympics Baade and Matheson [5] found that the (expost) impact on unemployment in both regions was entirely transitory and concluded that long-run changes to steady-state equilibrium were only possible when new infrastructure and facilities were appropriate for the present and future economy.…”

Section: Introductionmentioning

confidence: 99%

Olympic news and attitudes towards the Olympics: a compositional time-series analysis of how sentiment is affected by events

Dawson

Downward

Mills

2013

Journal of Applied Statistics

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“…Coates-Wicker [2015] a münchen 2022-es téli olimpiai kandidálását elutasító népszavazás okait elemzi. Preuss [2006] a következőképpen foglalja össze a problémát: "…are the Olympic games »fool's gold« (Baade-Matheson [2002]) or a lottery jackpot. " (183.…”

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Költség–haszon elemzési keretrendszer sportberuházások társadalmi-gazdasági értékeléséhez

Vörös¹

2017

Közgazdasági Szemle

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Közgazdasági szemle , lX iV. éVf., 2017. ápr ilis (394-420. o.) Vörös Tünde Költség-haszon elemzési keretrendszer sportberuházások társadalmi-gazdasági értékeléséhez Számos sportberuházás valósul meg közpénzből, amely hatalmas tőkebefektetést igé-nyel, s hozzá képest a várható közvetlen pénzügyi bevételek csekélyek. A szakirodalomban egyetértés mutatkozik abban, hogy a sportberuházásoknak nincs bizonyítható szignifikáns, pozitív hatásuk a gazdasági fejlődésre. Ugyanakkor számos olyan pozitív externália köthető a sporthoz, amely jelentős társadalmi hasznot nyújthat. Annak a kér-désnek a megválaszolásához, hogy ezek a pozitív externáliák valóban indokolhatják-e a közfinanszírozást, kidolgoztunk egy olyan költség-haszon elemzési keretrendszert, amely a társadalmi haszon monetarizálására is kísérletet tesz. Egy győri sportlétesít-mény, az Aqua Sportközpont konkrét példáján illusztráljuk a javasolt értékelési eljárást, illetve a hozzá kapcsolódó érzékenységvizsgálatot és kvantitatív kockázatelemzést. * Journal of Economic Literature (JEL) kód: D61, H54, Z23.

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Bidding for the Olympics: fool's gold?

Cited by 94 publications

References 0 publications

Mega‐sporting Events in Developing Nations: Playing the Way to Prosperity?

Mega‐sporting Events in Developing Nations: Playing the Way to Prosperity?

Olympic news and attitudes towards the Olympics: a compositional time-series analysis of how sentiment is affected by events

Költség–haszon elemzési keretrendszer sportberuházások társadalmi-gazdasági értékeléséhez

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