Prague Summer Olympic Games 2016: Economic Impact Study

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Prague Summer Olympic Games 2016: Economic Impact Study

Author Info

Štepán Jurajda
Lubomír Lízal
Daniel Münich
Petr Zemčík

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Abstract

We evaluate the economic impact of Summer Olympic Games (SOG) potentially organized by the City of Prague in 2016. We focus on the so called Modified Northern Variant of the Games proposed by the PriceWaterhouseCoopers-Czech Republic. The first step in our analysis is quantification of a primary impact of the Games, which includes investments in infrastructure, expenditures of the SOG Organizing Committee, tourist expenditures and exports. The primary impact induces an increase in overall sales in the Czech economy, which is analyzed using input-output tables. Our respective estimates are 27.54 billion CZK for the primary impact and 55.44 billion CZK for the secondary impact.

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Publisher Info
Article provided by University of Economics, Prague in its journal Politická ekonomie.

Volume (Year): 2006 (2006)
Issue (Month): 4 ()
Pages: 490-507
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Handle: RePEc:prg:jnlpol:v:2006:y:2006:i:4:id:570:p:490-507

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Find related papers by JEL classification:
H5 - Public Economics - - National Government Expenditures and Related Policies
R15 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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