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Economic Development Indicators as Determinants of Medal Winning at the Sydney Olympics: An Extreme Bounds Analysis

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  • Imad A. Moosa
  • Lee Smith

Abstract

This paper examines the variables that determine the performance of countries at the Olympic Games as measured by a weighted sum of the medals won at the Sydney 2000 Games. While previous studies have identified the importance of a country's economic size and the resources available to sport, this paper examines nine more variables including the number of athletes representing each nation and some development indicators. Based on 2310 regressions, both traditional and restricted extreme bounds analysis show that only two variables are robust: the number of athletes and national expenditure on health. Thus, the final model recognises four explanatory variables that include these two as well as GDP and population. Copyright Blackwell Publishing Ltd/University of Adelaide and Flinders University of South Australia 2004.

Suggested Citation

  • Imad A. Moosa & Lee Smith, 2004. "Economic Development Indicators as Determinants of Medal Winning at the Sydney Olympics: An Extreme Bounds Analysis," Australian Economic Papers, Wiley Blackwell, vol. 43(3), pages 288-301, September.
  • Handle: RePEc:bla:ausecp:v:43:y:2004:i:3:p:288-301
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Who will win the Olympics?
      by Economic Logician in Economic Logic on 2008-08-08 12:05:00

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    Cited by:

    1. Alvarez, J. & Forrest, D. & Sanz, I. & Tena, J.D., 2011. "Impact of importing foreign talent on performance levels of local co-workers," Labour Economics, Elsevier, vol. 18(3), pages 287-296, June.
    2. T. Potts, 2014. "Governance, corruption and Olympic success," Applied Economics, Taylor & Francis Journals, vol. 46(31), pages 3882-3891, November.
    3. Glen Roberts, 2006. "Accounting for Achievement in Athens: A Count Data Analysis of National Olympic Performance," Econometrics Working Papers 0602, Department of Economics, University of Victoria.
    4. Charlotte Van Tuyckom & Karl Jöreskog, 2012. "C. Van Tuyckom, & K. Jöreskog, “Going for gold! Welfare characteristics and Olympic success: an application of the structural equation approach.” Quality & Quantity (in press)," Quality & Quantity: International Journal of Methodology, Springer, vol. 46(1), pages 189-205, January.
    5. Vagenas, George & Vlachokyriakou, Eleni, 2012. "Olympic medals and demo-economic factors: Novel predictors, the ex-host effect, the exact role of team size, and the “population-GDP” model revisited," Sport Management Review, Elsevier, vol. 15(2), pages 211-217.
    6. Heather Mitchell & Mark Stewart, 2007. "A competitive index for international sport," Applied Economics, Taylor & Francis Journals, vol. 39(5), pages 587-603.
    7. L.F.M. Groot, 2007. "The welfare optimal distribution of Olympic Success considered as a public good," Working Papers 07-13, Utrecht School of Economics.
    8. Kavetsos, Georgios & Szymanski, Stefan, 2010. "National well-being and international sports events," Journal of Economic Psychology, Elsevier, vol. 31(2), pages 158-171, April.

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