Economic Multipliers and Mega-Event Analysis
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.
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| Length: | 10 pages |
| Date of creation: | Jun 2004 |
| Publication status: | Published in International Journal of Sport Finance, February 2009, Vol. 4:1, pp. 63-70. |
| Handle: | RePEc:hcx:wpaper:0402 |
| Contact details of provider: | Phone: (508)793-3362 Fax: (508) 793-3708 Web page: http://www.holycross.edu/departments/economics/website/ More information through EDIRC
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References listed on IDEAS
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- 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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