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An Analysis of Drivers of Mega-Events in Emerging Economies

Author

Listed:
  • Robert Baade

    (Department of Economics and Business, Lake Forest College)

  • Victor Matheson

    (Department of Economics, College of the Holy Cross)

Abstract

Developing countries that host mega-events such as the Olympic Games and World Cup invest enormous sums in stadiums and collateral infrastructure projects. The paper examines the motivations of countries to host these events and the typical economic outcome for those host sites lucky(?) enough be awarded the games. For both efficiency and equity reasons, these events are risk propositions at best, and they generally represent an even worse investment for developing countries than for industrialized nations.

Suggested Citation

  • Robert Baade & Victor Matheson, 2015. "An Analysis of Drivers of Mega-Events in Emerging Economies," Working Papers 1507, College of the Holy Cross, Department of Economics.
    • Handle: RePEc:hcx:wpaper:1507
    as

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    File URL: https://hcapps.holycross.edu/hcs/RePEc/hcx/HC1507-Baade-Matheson_MegaEventsDeveloping.pdf
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    References listed on IDEAS

    as
    1. Wolfgang Maennig & Felix Richter, 2012. "Exports and Olympic Games," Journal of Sports Economics, , vol. 13(6), pages 635-641, December.
    2. Victor Matheson, 2012. "Assessing the infrastructure impact of mega-events in emerging economies," Working Papers 1203, College of the Holy Cross, Department of Economics.
    3. Victor Matheson, 2012. "Assessing the infrastructure impact of mega-events in emerging economies," Working Papers 1203, College of the Holy Cross, Department of Economics.
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    Cited by:

    1. Luša Đana, 2017. "Olympic Diplomacy and the Emerging States: Striving for Influence in the Multipolar World," Croatian International Relations Review, Sciendo, vol. 23(79), pages 73-102, September.

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    More about this item

    Keywords

    sports; stadiums; development; impact analysis; Olympics; World Cup; tourism;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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