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Far Away Gold: How Distance to Host Country Affects Olympic Performance

Author

Listed:
  • Xiaobo He

    (School of Business, Institute for Regional and Industrial Development, Shanghai University of Internation Business and Economics)

  • Zijun Luo

    (Department of Economics and International Business, Sam Houston State University)

Abstract

This paper quantifies the causal effect of distance on relative medal outcomes in Summer Olympic Games by exploiting a panel data set of participating countries for 1960-2016. Potential endogeneity issues of distance between a participant and the host country are accounted for with instrumental variables. Based on the two-stage least squares (2SLS) estimations, it is found that changes in a country’s shares of gold medals are negatively affected by change in distances to host countries. This result is robust under various model specifications. Furthermore, no significant effect is found to exist in silver, bronze, or total number of medals.

Suggested Citation

  • Xiaobo He & Zijun Luo, 2017. "Far Away Gold: How Distance to Host Country Affects Olympic Performance," Working Papers 1704, Sam Houston State University, Department of Economics and International Business.
    • Handle: RePEc:shs:wpaper:1704
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    File URL: http://www.shsu.edu/academics/economics-and-international-business/documents/wp_series/wp17-04_paper.pdf
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    More about this item

    Keywords

    Distance; Olympic; Gold Medal; Instrumental Variable;
    All these keywords.

    JEL classification:

    • C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Z20 - Other Special Topics - - Sports Economics - - - General

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