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A medal share model for Olympic performance

Author

Listed:
  • Ang Sun

    (Renmin University of China)

  • Rui Wang

    (Tsinghua University)

  • Zhaoguo Zhan

    (Tsinghua University)

Abstract

A sizable empirical literature relates a nation's Olympic performance to socioeconomic factors by adopting linear regression or a Tobit approach suggested by Bernard and Busse (2004). We propose an alternative model where a nation's medal share depends on its competitiveness relative to other nations and the model is logically consistent. Empirical evidence shows that our model fits data better than the existing linear regression and Tobit model. Besides Olympic Games, the proposed model and its estimation method could also be similarly applied to other settings with competitions.

Suggested Citation

  • Ang Sun & Rui Wang & Zhaoguo Zhan, 2015. "A medal share model for Olympic performance," Economics Bulletin, AccessEcon, vol. 35(2), pages 1065-1070.
    • Handle: RePEc:ebl:ecbull:eb-14-00525
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2015/Volume35/EB-15-V35-I2-P108.pdf
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    References listed on IDEAS

    as
    1. Masters, William A & McMillan, Margaret S, 2001. "Climate and Scale in Economic Growth," Journal of Economic Growth, Springer, vol. 6(3), pages 167-186, September.
    2. Robert Hoffmann & Lee Chew Ging & Bala Ramasamy, 2002. "Public policy and olympic success," Applied Economics Letters, Taylor & Francis Journals, vol. 9(8), pages 545-548.
    3. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
    4. Daniel K. N. Johnson & Ayfer Ali, 2004. "A Tale of Two Seasons: Participation and Medal Counts at the Summer and Winter Olympic Games," Social Science Quarterly, Southwestern Social Science Association, vol. 85(4), pages 974-993, December.
    5. Andrew B. Bernard & Meghan R. Busse, 2004. "Who Wins the Olympic Games: Economic Resources and Medal Totals," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 413-417, February.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Alexandre de Cássio Rodrigues & Carlos Alberto Gonçalves & Tiago Silveira Gontijo, 2019. "A two-stage DEA model to evaluate the efficiency of countries at the Rio 2016 Olympic Games," Economics Bulletin, AccessEcon, vol. 39(2), pages 1538-1545.

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    More about this item

    Keywords

    Olympic performance; Socioeconomic factors; Competitiveness; Logical consistency;
    All these keywords.

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

    Statistics

    Access and download statistics

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