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Economic Multipliers and Mega-Event Analysis

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  • Victor Matheson

    () (Department of Economics, College of the Holy Cross)

Abstract

Critics of economic impact studies that purport to show that mega-events such as the Olympics bring large benefits to the communities “lucky” enough to host them frequently cite the use of inappropriate multipliers as a primary reason why these impact studies overstate the true economic gains to the hosts of these events. This brief paper shows in a numerical example how mega-events may lead to inflated multipliers and exaggerated claims of economic benefits.

Suggested Citation

  • Victor Matheson, 2004. "Economic Multipliers and Mega-Event Analysis," Working Papers 0402, College of the Holy Cross, Department of Economics.
  • Handle: RePEc:hcx:wpaper:0402
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    File URL: http://web.holycross.edu/RePEc/hcx/HC0402-Matheson_Multipliers.pdf
    File Function: Preliminary version, 2004
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    References listed on IDEAS

    as
    1. John J. Siegfried & Andrew Zimbalist, 2000. "The Economics of Sports Facilities and Their Communities," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 95-114, Summer.
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    More about this item

    Keywords

    economic impact; sports; sport economics; mega-events;
    All these keywords.

    JEL classification:

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

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