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The Long‐Term Impacts of the 1998 Nagano Winter Olympic Games on Economic and Labor Market Outcomes

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  • Koyo Miyoshi
  • Masaru Sasaki

Abstract

This paper aims to assess the long‐term effects of the 1998 Nagano Winter Olympic Games on various economic and labor market outcomes in Nagano Prefecture. One‐shot and large‐size events, such as the Olympic Games, are expected to boost the local economy and create jobs, thus leading to lower unemployment. In addition, the tightening of the local labor market eventually raises wages. Using the synthetic control methodology, we build counterfactual dynamics of various economic and labor market outcomes for Nagano Prefecture, and then compare these outcomes with the actual data for these variables. This allows us to determine how the local economic and labor market outcomes in Nagano Prefecture would have been different had the 1998 Olympic Games not been held there.

Suggested Citation

  • Koyo Miyoshi & Masaru Sasaki, 2016. "The Long‐Term Impacts of the 1998 Nagano Winter Olympic Games on Economic and Labor Market Outcomes," Asian Economic Policy Review, Japan Center for Economic Research, vol. 11(1), pages 43-65, January.
    • Handle: RePEc:bla:asiapr:v:11:y:2016:i:1:p:43-65
    DOI: 10.1111/aepr.12115
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    Cited by:

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    3. Eiji Yamamura & Yoshiro Tsutsui, 2020. "The Impact of Postponing 2020 Tokyo Olympics on the Happiness of O-MO-TE-NA-SHI Workers in Tourism: A Consequence of COVID-19," Sustainability, MDPI, vol. 12(19), pages 1-16, October.
    4. Ogawa, Ryoh, 2017. "Using REIT Data to Assess the Economic Worth of Mega-Events: The Case of the 2020 Tokyo Olympics," MPRA Paper 78829, University Library of Munich, Germany.
    5. Gulijiazi Yeerkenbieke & Chunci Chen & Guizhen He, 2021. "Public Perceived Effects of 2022 Winter Olympics on Host City Sustainability," Sustainability, MDPI, vol. 13(7), pages 1-20, March.
    6. Hiroaki Miyamoto, 2016. "Comment on “The Long‐Term Impacts of the 1998 Nagano Winter Olympic Games on Economic and Labor Market Outcomes”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 11(1), pages 68-69, January.
    7. Michał Marcin Kobierecki & Michał Pierzgalski, 2022. "Sports Mega-Events and Economic Growth: A Synthetic Control Approach," Journal of Sports Economics, , vol. 23(5), pages 567-597, June.

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