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Olympic Games: No legacy for sports

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  • Contreras, Jose L.
  • Corvalan, Alejandro

Abstract

Countries whose cities host the Summer Olympic Games increase significantly their success during the competition. We study whether such effect is lasting or not. We compute the effect of hosting on the total number of medals in the subsequent games. To confront the issue that the selection of the host city is endogenous, we use a natural counterfactual: countries whose cities also bid for the Olympics but were not selected by the International Olympic Committee. In all cases, we find that Olympic success on medals fades away immediately after hosting.

Suggested Citation

  • Contreras, Jose L. & Corvalan, Alejandro, 2014. "Olympic Games: No legacy for sports," Economics Letters, Elsevier, vol. 122(2), pages 268-271.
    • Handle: RePEc:eee:ecolet:v:122:y:2014:i:2:p:268-271
    DOI: 10.1016/j.econlet.2013.12.006
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    References listed on IDEAS

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    Cited by:

    1. Firgo, Matthias, 2021. "The causal economic effects of Olympic Games on host regions," Regional Science and Urban Economics, Elsevier, vol. 88(C).
    2. Wifo, 2023. "WIFO-Monatsberichte, Heft 7/2023," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(7), July.
    3. Matthias Firgo & Oliver Fritz, 2023. "Regionalwirtschaftliche und touristische Effekte von Sportgroßveranstaltungen," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(7), pages 481-490, July.

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    More about this item

    Keywords

    Olympic Games; Host; Sport success;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • 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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