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Economic Development Indicators as Determinants of Medal Winning at the Sydney Olympics: An Extreme Bounds Analysis

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  • Imad A. Moosa
  • Lee Smith
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    Abstract

    This paper examines the variables that determine the performance of countries at the Olympic Games as measured by a weighted sum of the medals won at the Sydney 2000 Games. While previous studies have identified the importance of a country's economic size and the resources available to sport, this paper examines nine more variables including the number of athletes representing each nation and some development indicators. Based on 2310 regressions, both traditional and restricted extreme bounds analysis show that only two variables are robust: the number of athletes and national expenditure on health. Thus, the final model recognises four explanatory variables that include these two as well as GDP and population. Copyright Blackwell Publishing Ltd/University of Adelaide and Flinders University of South Australia 2004.

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal Australian Economic Papers.

    Volume (Year): 43 (2004)
    Issue (Month): 3 (09)
    Pages: 288-301

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    Handle: RePEc:bla:ausecp:v:43:y:2004:i:3:p:288-301

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    Web page: http://www.blackwellpublishing.com/journal.asp?ref=0004-900X

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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Who will win the Olympics?
      by Economic Logician in Economic Logic on 2008-08-08 07:05:00
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    Cited by:
    1. Glen Roberts, 2006. "Accounting for Achievement in Athens: A Count Data Analysis of National Olympic Performance," Econometrics Working Papers 0602, Department of Economics, University of Victoria.
    2. Georgios Kavetsos & Stefan Szymanski, 2008. "National Wellbeing and International Sports Events," Working Papers 0804, International Association of Sports Economists & North American Association of Sports Economists.
    3. J. Alverez & David Forrest & I. Sanz & J. D. Tena, 2008. "Impact of Importing Foreign Talent on Performance Levels of Local Co-workers," IASE Conference Papers 0823, International Association of Sports Economists.
    4. Charlotte Van Tuyckom & Karl Jöreskog, 2012. "C. Van Tuyckom, & K. Jöreskog, “Going for gold! Welfare characteristics and Olympic success: an application of the structural equation approach.” Quality & Quantity (in press)," Quality & Quantity: International Journal of Methodology, Springer, vol. 46(1), pages 189-205, January.
    5. Loek Groot, 2007. "The Welfare Optimal Distribution of Olympic Success Considered as a Public Good," Working Papers 07-13, Utrecht School of Economics.

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    1. Economic Logic blog

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