The causal economic effects of Olympic Games on host regions

Firgo, Matthias

doi:10.1016/j.regsciurbeco.2021.103673

Cited by 12 publications

(6 citation statements)

References 56 publications

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“…Kontokosta [9] argued that a host city views the Olympic Games as an opportunity to make a political statement, create a marketing image, attract international investment, increase tourism, foster urban development, and spur economic activity. According to studies by Firgo [10] and Scandizzo and Pierleoni [11], positive economic impacts include increased economic activity due to investment, job creation, increased labor supply, increased living standards, and a rise in income.…”

Section: Literature Review 21 Olympic Games and Economic Impactmentioning

confidence: 99%

Effects of the Olympic Announcement and the Actual Event on Property Values: The Case of the 2018 PyeongChang Winter Olympic Games

et al. 2022

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This study investigates the effects of the Olympic announcement and the actual event on property values in the host region using the case of the 2018 PyeongChang Winter Olympic Games. We collected Korean government-issued apartment transaction data in the host city, Gangneung, and other cities. We performed propensity score matching to generate a suitable control group compared to units in Gangneung and exploited difference-in-difference analyses to test the impact of the announcement and the actual event separately. The results show that the Olympic announcement increased property values in Gangneung by 5.5% compared to propensity-matched units, and the effects are mostly shown in units in downtown Gangneung. Units close to the KTX station and the Olympic arena observed additional increases in housing prices. During the actual Olympic event, property values in Gangneung increased by 8.3% after the KTX station opened, but the actual event period and Athletes’ Village opening did not generate additional effects. The additional increases in housing prices close to the opening of the KTX station were found for units close to the KTX station, the Olympic arena, and Athletes’ Village.

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Section: Literature Review 21 Olympic Games and Economic Impactmentioning

confidence: 99%

Effects of the Olympic Announcement and the Actual Event on Property Values: The Case of the 2018 PyeongChang Winter Olympic Games

et al. 2022

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“…Sedangkan dalam versi yang berbeda olimpiade diawali dengan adanya sayembara yang dilakukan oleh raja yang memerintah di wilayah olympia yang bernama Oenomaus yang akan menghadiahkan putri cantiknya yang bernama Hippodameia bagi siapapun yang mampu memenangkan sayembara tersebut (Yamamura & Tsutsui, 2020). (Firgo, 2021). Tetapi jauh dari itu yang paling utama adalah bagaimana olimpiade mampu mempengaruhi masyarakat dunia (Hoang, Al-Tawfiq & Gautret, 2020;Majumdar, 2021), termasuk Indonesia dalam hal gaya hidup aktif sebagai upaya peningkatan kesehatan masyarakatnya.…”

Section: Pendahuluanunclassified

Gerakan Olimpiade dan Pengaruhnya Terhadap Gaya Hidup Aktif Masyarakat Indonesia

Rochman

Suherman

Ma’mun

et al. 2022

PAJU

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Olimpiade merupakan perhelatan olahraga terbesar karena diikuti oleh hampir seluruh negara yang ada di 5 benua di dunia yang tercermin dari 5 cincin yang saling berkait sebagai logonya. Sejak diadakan pada tahun 776 SM yang dikenal dengan olimpiade kuno hingga olimpiade modern pertama pada tahun 1896 di Athena, olimpiade tetap konsisten menggaungkan olympism sebagai filosofinya yaitu meningkatkan dan menggabungkan secara seimbang kualitas tubuh, kehendak dan pikiran manusia secara utuh. Olimpiade bukan hanya perkara adu gengsi prestasi keolahragaan tiap negara, tetapi mampu menjadi gerakan olimpiade bagi masyarakat dunia yaitu peningkatan gaya hidup aktif menjadi salah satu poin penting bagaimana olimpiade memberikan intervensi terhadap masyarakat yang semakin dipengaruhi oleh pesatnya industrialisasi terutama bagi negara berkembang seperti Indonesia. Kebijakan pemerintah diharapkan menjadi kekuatan utama sebagai pilar untuk mengokohkan bangsa, terutama bagaimana menjadikan Indonesia sebagai negara yang akan beranjak dan berusaha mengikuti ritme dunia saat ini dengan tetap menjadikan gaya hidup aktif sebagai sumber kekuatan utama dalam mengimplementasikan semangat olimpiade. Karena faktanya tidak banyak atlet Indonesia yang mampu berbicara pada ajang olimpiade menjadi gambaran nyata rendahnya kesadaran masyarakat Indonesia terhadap gaya hidup aktif, karena atlet elit lahir dari partisipasi masyarakat terhadap olahraga. Bahkan selama 68 tahun digelarnya olimpiade, Indonesia hanya mampu mengantarkan sebanyak 331 atlet atau hanya setengah dari jumlah atlet yang dikirimkan oleh China dalam sekali ajang olimpiade yaitu sebanyak 596 pada tahun 2008. Meski begitu, secara perlahan tapi pasti kebijakan pemerintah terus berupaya selaras dengan semangat olimpiade yaitu meningkatkan gaya hidup aktif masyarakat agar kedepan semakin banyak terlahir atlet-atlet Indonesia yang mampu berlaga dalam olimpiade dan mengharumkan negara

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“…GDP per capita in the host region grew by an average of 3.6 percent relative to the year before the event, and this growth is somewhat likely to be long-term. [4,5] Moreover, according to Andrew K. Rose and Mark M. Spiegel, holding significant events would increase exports to increase trade in the host country by more than 20%. [6] On the other hand, some argue that the Olympics will have no long-term impact on GDP or trade.…”

Section: Literature Reviewmentioning

confidence: 99%

Empirical study on the Economic and Financial Impact of the Successful Application and Hosting of the Olympic Games on the Host Countries Based on a Regression Model

Huang¹,

Bai²,

Zhou³

et al. 2022

Proceedings of the International Conference on Information Economy, Data Modeling and Cloud Computing, ICIDC 2022, 17-19 June 2

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The Olympic Games are always considered to have a substantial impact on the country's economic development so that every people living in this country will pay attention to it. They want to know whether their quality of life can be improved or how they should cope with the economic fluctuations. A detailed cross-country comparison of financial data from previous Olympic Games is provided in this work. A longitudinal comparison is used to determine whether economic growth rates have increased before and after the Olympic Games. By analyzing the data and related materials provided by the host cities of the summer Olympic Games in recent years, a regression model is also established in this paper to find out the impact of the Olympic Games on the host country. The conclusion is that the Olympic Games will not positively impact the host country's financial development and economic level. First, the reaction of financial markets to the success of most of the countries selected to host the Games was negligible. Second, on an economic level, GDP per capita growth will not accelerate because of the Olympics. The result enriches the academic circle.

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The causal economic effects of Olympic Games on host regions

Cited by 12 publications

References 56 publications

Effects of the Olympic Announcement and the Actual Event on Property Values: The Case of the 2018 PyeongChang Winter Olympic Games

Effects of the Olympic Announcement and the Actual Event on Property Values: The Case of the 2018 PyeongChang Winter Olympic Games

Gerakan Olimpiade dan Pengaruhnya Terhadap Gaya Hidup Aktif Masyarakat Indonesia

Empirical study on the Economic and Financial Impact of the Successful Application and Hosting of the Olympic Games on the Host Countries Based on a Regression Model

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