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Exports and Olympic Games: Is there a Signal Effect?


  • Wolfgang Maennig

    () (Chair for Economic Policy, University of Hamburg)

  • Felix Richter

    () (Chair for Economic Policy, University of Hamburg)


Rose & Spiegel (2011) find that Olympic Games host countries experience significant positive, lasting effects on exports. They interpret their results as an indication that countries use the hosting of such events to signal openness and competitiveness. We challenge these empirical findings on the grounds that a comparison of structurally different and non-matching groups of countries might suffer from a selection bias. We demonstrate that with an appropriate matching and treatment methodology, the significant Olympic effect disappears.

Suggested Citation

  • Wolfgang Maennig & Felix Richter, 2012. "Exports and Olympic Games: Is there a Signal Effect?," Working Papers 042, Chair for Economic Policy, University of Hamburg.
  • Handle: RePEc:hce:wpaper:042

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    References listed on IDEAS

    1. Arne Feddersen & Wolfgang Maennig, 2005. "Trends in Competitive Balance: Is there Evidence for Growing Imbalance in Professional Sport Leagues?," Working Papers 0012005, Chair for Economic Policy, University of Hamburg.
    2. Wolfgang Maennig & Florian Schwarthoff, 2006. "Stadium Architecture and regional economic development: International experience and the plans of Durban," Working Papers 200604, Chair for Economic Policy, University of Hamburg.
    3. Arne Feddersen, 2006. "Economic Consequences of the UEFA Champions League for National Championships - The Case of Germany," Working Papers 0012006, Chair for Economic Policy, University of Hamburg.
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    Cited by:

    1. Wolfgang Maennig, 2017. "Governance in Sports Organizations," Working Papers 060, Chair for Economic Policy, University of Hamburg.
    2. Wolfgang Maennig, 2017. "Public Referenda and Public Opinion on Olympic Games," Working Papers 057, Chair for Economic Policy, University of Hamburg.
    3. Shoag, Daniel & Veuger, Stan, 2017. "Taking My Talents to South Beach (and Back)," Working Paper Series rwp17-019, Harvard University, John F. Kennedy School of Government.
    4. Franziska K. Kruse & Wolfgang Maennig, 2018. "Suspension by choice – determinants and asymmetries," Working Papers 064, Chair for Economic Policy, University of Hamburg.
    5. Gabriel M. Ahlfeldt & Wolfgang Maennig & Felix J. Richter, 2017. "Zoning in reunified Berlin," Working Papers 059, Chair for Economic Policy, University of Hamburg.
    6. Robert A. Baade & Victor A. Matheson, 2016. "Going for the Gold: The Economics of the Olympics," Journal of Economic Perspectives, American Economic Association, vol. 30(2), pages 201-218, Spring.
    7. Douglas Barrios & Stuart Russell & Matt Andrews, 2016. "Bringing Home the Gold? A Review of the Economic Impact of Hosting Mega-Events," CID Working Papers 320, Center for International Development at Harvard University.
    8. Koning Ruud H. & Maennig Wolfgang, 2012. "Guest Editorial," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 232(3), pages 204-209, June.
    9. Viktoria C. E. Langer & Wolfgang Maennig & Felix J. Richter, 2015. "News shocks in the data: Olympic Games and their macroeconomic effects – Reply," Working Papers 052, Chair for Economic Policy, University of Hamburg.
    10. Robert Baade & Victor Matheson, 2015. "An Analysis of Drivers of Mega-Events in Emerging Economies," Working Papers 1507, College of the Holy Cross, Department of Economics.
    11. repec:sae:jospec:v:19:y:2018:i:6:p:884-906 is not listed on IDEAS
    12. Franziska K. Kruse & Wolfgang Maennig, 2017. "The future development of world records," Working Papers 061, Chair for Economic Policy, University of Hamburg.
    13. Omer Bayar & Georg Schaur, 2014. "The Impact of Visibility on Trade: Evidence from the World Cup," Review of International Economics, Wiley Blackwell, vol. 22(4), pages 759-782, September.
    14. Karl Brenke & Gert G. Wagner, 2014. "FIFA World Cup 2014: ein fragwürdiger Spaß für die Menschen in Brasilien," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 81(23), pages 511-521.
    15. Wolfgang Maennig, 2017. "Major Sports Events: Economic Impact," Working Papers 058, Chair for Economic Policy, University of Hamburg.
    16. Wolfgang Maennig & Christopher Vierhaus, 2016. "Which countries bid for the Olympic Games? Economic, political, and social factors and chances of winning," Working Papers 055, Chair for Economic Policy, University of Hamburg.

    More about this item


    Keywords: export; Olympic Games; international trade; treatment; matching;

    JEL classification:

    • F1 - International Economics - - Trade
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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