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Regional Income and Employment Effects of the 1972 Munich Olympic Summer Games

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Author Info

  • Stephanie Jasmand
  • Wolfgang Maennig

    ()
    (Chair for Economic Policy, University of Hamburg)

Abstract

Olympic Games may have impacts on income and employment in the host city, but no ex post study has been carried out for European Olympic host cities to date. The present study closes this gap using the 1972 Munich Olympic Games. The data period examined in this study allows for analysis of long-term effects. In addition, the methodology avoids overestimating the significance of the effects. Finally, we report results for all possible combinations of pre- and post-Olympic periods. The results: income in Olympic regions grew significantly faster than in other German regions. In contrast, no employment effects were identified.

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File URL: http://www.hced.uni-hamburg.de/WorkingPapers/HCED_07.pdf
File Function: First version, 2007
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Bibliographic Info

Paper provided by Chair for Economic Policy, University of Hamburg in its series Working Papers with number 007.

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Length: 29 pages
Date of creation: 2007
Date of revision:
Publication status: Published in Hamburg Contemporary Economic Discussions, Issue 07, 2007
Handle: RePEc:hce:wpaper:007

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Keywords: Olympic Games; mega events; income; employment;

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References

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  1. Dennis Coates & Brad R. Humphreys, 2003. "Professional Sports Facilities, Franchises and Urban Economic Development," UMBC Economics Department Working Papers, UMBC Department of Economics 03-103, UMBC Department of Economics.
  2. Robert Baade & Victor Matheson, 2000. "Bidding for the Olympics: Fools Gold?," IASE Conference Papers, International Association of Sports Economists 0007, International Association of Sports Economists.
  3. Marianne Bertrand & Esther Duflo & Sendhil Mullainathan, 2002. "How Much Should We Trust Differences-in-Differences Estimates?," NBER Working Papers 8841, National Bureau of Economic Research, Inc.
  4. Bade, Franz-Josef & Niebuhr, Annekatrin & Schönert, Matthias, 2000. "Spatial structural change - evidence and prospects," HWWA Discussion Papers, Hamburg Institute of International Economics (HWWA) 87, Hamburg Institute of International Economics (HWWA).
  5. David Card & Alan Krueger, 1993. "Minimum Wages and Employment: A Case Study of the Fast Food Industry in New Jersey and Pennsylvania," Working Papers, Princeton University, Department of Economics, Industrial Relations Section. 694, Princeton University, Department of Economics, Industrial Relations Section..
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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. An Olympic stimulus?
    by chris dillow in Stumbling and Mumbling on 2007-06-19 13:06:17
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Cited by:
  1. Robert Baade & Robert Baumann & Victor Matheson, 2008. "Slippery Slope? Assessing the Economic Impact of the 2002 Winter Olympic Games in Salt Lake City, Utah," Working Papers, International Association of Sports Economists;North American Association of Sports Economists 0829, International Association of Sports Economists;North American Association of Sports Economists.
  2. Dennis Coates & Victor Matheson, 2009. "Mega-Events and Housing Costs: Raising the Rent while Raising the Roof?," Working Papers, International Association of Sports Economists;North American Association of Sports Economists 0902, International Association of Sports Economists;North American Association of Sports Economists.
  3. Falch, Torberg & Fischer, Justina AV, 2010. "Public sector decentralization and school performance: International evidence," MPRA Paper 20331, University Library of Munich, Germany.
  4. Justina A.V. Fischer & Alfonso Sousa-Poza, 2010. "The Impact of Institutions on Firms’ Rejuvenation Policies: Early Retirement with Severance Pay versus Simple Lay-Off. A Cross-European Analysis," Working Papers, Chair for Economic Policy, University of Hamburg 034, Chair for Economic Policy, University of Hamburg.
  5. Stan du Plessis & Wolfgang Maennig, 2007. "World Cup 2010: South African Economic Perspectives and Perspectives Policy Challenges Informed by the Experience of Germany 2006," Working Papers, Chair for Economic Policy, University of Hamburg 004, Chair for Economic Policy, University of Hamburg.
  6. Robert Baumann & Bryan Engelhardt & Victor Matheson, 2009. "Hail to the Chief: Assessing the Economic Impact of Presidential Inaugurations on the Washington, D.C. Local Economy," Working Papers, College of the Holy Cross, Department of Economics 0901, College of the Holy Cross, Department of Economics.
  7. Robert Baumann & Victor Matheson & Chihiro Muroi, 2008. "Bowling in Hawaii: Examining the Effectiveness of Sports-Based Tourism Strategies," Working Papers, College of the Holy Cross, Department of Economics 0808, College of the Holy Cross, Department of Economics.
  8. Wolfgang Maennig & Matthias Ottmann, 2011. "Perspektiven des deutschen Immobilienmarktes und wirtschaftspolitische Herausforderungen," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, Verein für Socialpolitik, vol. 12(2), pages 192-214, 05.
  9. Kasimati, Evangelia & Dawson, Peter, 2009. "Assessing the impact of the 2004 Olympic Games on the Greek economy: A small macroeconometric model," Economic Modelling, Elsevier, Elsevier, vol. 26(1), pages 139-146, January.

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