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Men, Money, And Medals: An Econometric Analysis Of The Olympic Games

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Author Info

  • Hon-Kwong Lui
  • Wing Suen

Abstract

Population size and the level of income per capita are major determinants of the number of medals won by a country in the 1952-2004 Olympic Games. A parsimonious count (Poisson) model fits the data very well: the squared correlation between the predicted value of the number of medals won and the observed value is about 56%. There exist strong country-specific effects in Olympic medals results. While the USA and China tend to outperform other countries relative to their size and income, the Asian dragons tend to under-perform in the Games. Copyright 2008 The Authors Journal compilation 2008 Blackwell Publishing Ltd

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Pacific Economic Review.

Volume (Year): 13 (2008)
Issue (Month): 1 (02)
Pages: 1-16

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Handle: RePEc:bla:pacecr:v:13:y:2008:i:1:p:1-16

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1361-374X

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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
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. Henseke, Golo, 2009. "Country performance at the International Mathematical Olympiad," Thuenen-Series of Applied Economic Theory 108, University of Rostock, Institute of Economics.
  2. Vagenas, George & Vlachokyriakou, Eleni, 2012. "Olympic medals and demo-economic factors: Novel predictors, the ex-host effect, the exact role of team size, and the “population-GDP” model revisited," Sport Management Review, Elsevier, vol. 15(2), pages 211-217.
  3. Frank Butter & Casper Tak, 1995. "Olympic medals as an indicator of social welfare," Social Indicators Research, Springer, vol. 35(1), pages 27-37, May.
  4. Christian Pierdzioch & Eike Emrich, 2013. "A Note on Corruption and National Olympic Success," Atlantic Economic Journal, International Atlantic Economic Society, vol. 41(4), pages 405-411, December.
  5. Forrest, David & Sanz, Ismael & Tena, J.D., 2010. "Forecasting national team medal totals at the Summer Olympic Games," International Journal of Forecasting, Elsevier, vol. 26(3), pages 576-588, July.

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  1. Economic Logic blog

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