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Slippery Slope? Assessing the Economic Impact of the 2002 Winter Olympic Games in Salt Lake City, Utah

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Author Info
Robert Baade () (Department of Economics and Business, Lake Forest College)
Robert Baumann () (Department of Economics, College of the Holy Cross)
Victor Matheson () (Department of Economics, College of the Holy Cross)

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Abstract

This paper provides an empirical examination of the 2002 Winter Olympic Games in Salt Lake City, Utah. Our analysis of taxable sales in the counties in which Olympic events took place finds that some sectors such as hotels and restaurants prospered while other retailers such as general merchandisers and department stores suffered. Overall the gains in the hospitality industry are lower than the losses experienced by other sectors in the economy. Given the experience of Utah, potential Olympic hosts should exercise caution before proceeding down the slippery slope of bidding for this event.

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File URL: http://www.holycross.edu/departments/economics/RePEc/Matheson-Baumann_WinterOlympics.pdf
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Publisher Info
Paper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 0815.

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Length: 18 pages
Date of creation: Nov 2008
Date of revision:
Publication status: Published in Region et Développment
Handle: RePEc:hcx:wpaper:0815

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Web page: http://www.holycross.edu/departments/economics/website/
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Related research
Keywords: Olympics; impact analysis; mega-event; tourism; sports;

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Find related papers by JEL classification:
O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses
R53 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Robert Baade & Victor Matheson, 2000. "Bidding for the Olympics: Fools Gold?," IASE Conference Papers 0007, International Association of Sports Economists. [Downloadable!]
  2. Robert Baade & Victor Matheson, 2004. "The Quest for the Cup: Assessing the Economic Impact of the World Cup," Regional Studies, Taylor and Francis Journals, vol. 38(4), pages 343-354, June. [Downloadable!] (restricted)
    Other versions:
  3. Stephanie Jasmand & Wolfgang Maennig, 2007. "Regional Income and Employment Effects of the 1972 Munich Olympic Summer Games," Working Papers 007, Chair for Economic Policy, University of Hamburg. [Downloadable!]
    Other versions:
  4. Michael A. Leeds, 2008. "Do Good Olympics Make Good Neighbors?," Contemporary Economic Policy, Western Economic Association International, vol. 26(3), pages 460-467, 07. [Downloadable!] (restricted)
  5. Robert Baumann & Victor Matheson & Chihiro Muroi, 2008. "Bowling in Hawaii: Examining the Effectiveness of Sports-Based Tourism Strategies," Working Papers 0808, College of the Holy Cross, Department of Economics. [Downloadable!]
    Other versions:
  6. Florian Hagn & Wolfgang Maennig, 2007. "Short-term to long-term employment effects of the Football World Cup 1974 in Germany," Working Papers 009, Chair for Economic Policy, University of Hamburg. [Downloadable!]
    Other versions:
  7. Florian Hagn & Wolfgang Maennig, 2007. "Labour Market Effects of the 2006 Soccer World Cup in Germany," Working Papers 008, Chair for Economic Policy, University of Hamburg. [Downloadable!]
    Other versions:
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. 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 0901, College of the Holy Cross, Department of Economics. [Downloadable!]
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This page was last updated on 2009-11-7.

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