TY - JOUR
T1 - The economic benefits of mega events
T2 - A myth or a reality? A longitudinal study on the Olympic Games
AU - Tien, Chengli
AU - Lo, Huai Chun
AU - Lin, Hsiou Wei
PY - 2011/1
Y1 - 2011/1
N2 - This study concerns research related to mega events, such as the Olympic Games, to determine whether the economic impact of the Olympic Games on the host countries is significant. This study uses two methods, panel data analysis and event study, to test hypotheses based on the data from 15 countries that have hosted 24 summer and winter Olympic Games. The results indicate that the economic impact of the Olympic Games on the host countries is only significant in terms of certain parameters (i.e., gross domestic product performance and unemployment) in the short term. These findings provide decision makers with comprehensive and multidimensional knowledge about the economic impact of hosting a mega event and about whether their objectives can be realized as expected.
AB - This study concerns research related to mega events, such as the Olympic Games, to determine whether the economic impact of the Olympic Games on the host countries is significant. This study uses two methods, panel data analysis and event study, to test hypotheses based on the data from 15 countries that have hosted 24 summer and winter Olympic Games. The results indicate that the economic impact of the Olympic Games on the host countries is only significant in terms of certain parameters (i.e., gross domestic product performance and unemployment) in the short term. These findings provide decision makers with comprehensive and multidimensional knowledge about the economic impact of hosting a mega event and about whether their objectives can be realized as expected.
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U2 - 10.1123/jsm.25.1.11
DO - 10.1123/jsm.25.1.11
M3 - Article
AN - SCOPUS:79551711563
SN - 0888-4773
VL - 25
SP - 11
EP - 23
JO - Journal of Sport Management
JF - Journal of Sport Management
IS - 1
ER -