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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.

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
    DOI: 10.1111/j.1467-8454.2004.00231.x
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    References listed on IDEAS

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    1. Andrew B. Bernard & Meghan R. Busse, 2000. "Who Wins The Olympic Games: Economic Development and Medal Totals," Yale School of Management Working Papers ysm160, Yale School of Management.
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