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Slippery Slope? Assessing the Economic Impact of the 2002 Winter Olympic Games in Salt Lake City, Utah

Author

Listed:
  • Robert Baade

    (Department of Economics and Business, Lake Forest College)

  • Robert Baumann

    (Department of Economics, College of the Holy Cross)

  • Victor Matheson

    (Department of Economics, College of the Holy Cross)

Abstract

This paper provides an empirical examination of the 2002 Winter Olympic Games in Salt Lake City, Utah. Our analysis of taxable sales in the counties in which Olympic events took place finds that some sectors such as hotels and restaurants prospered while other retailers such as general merchandisers and department stores suffered. Overall the gains in the hospitality industry are lower than the losses experienced by other sectors in the economy. Given the experience of Utah, potential Olympic hosts should exercise caution before proceeding down the slippery slope of bidding for this event.

Suggested Citation

  • Robert Baade & Robert Baumann & Victor Matheson, 2008. "Slippery Slope? Assessing the Economic Impact of the 2002 Winter Olympic Games in Salt Lake City, Utah," Working Papers 0815, College of the Holy Cross, Department of Economics.
    • Handle: RePEc:hcx:wpaper:0815
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    File URL: https://hcapps.holycross.edu/hcs/RePEc/hcx/HC0815-Matheson-Baade-Baumann_WinterOlympics.pdf
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    References listed on IDEAS

    as
    1. Florian Hagn & Wolfgang Maennig, 2009. "Large sport events and unemployment: the case of the 2006 soccer World Cup in Germany," Applied Economics, Taylor & Francis Journals, vol. 41(25), pages 3295-3302.
    2. Florian Hagn & Wolfgang Maennig, 2007. "Short-term to long-term employment effects of the Football World Cup 1974 in Germany," Working Papers 0721, International Association of Sports Economists;North American Association of Sports Economists.
    3. Victor Matheson & Robert Baade, 2004. "The Quest for the Cup: Assessing the Economic Impact of the World Cup," Working Papers 0414, College of the Holy Cross, Department of Economics.
    4. Florian Hagn & Wolfgang Maennig, 2007. "Labour Market Effects of the 2006 Soccer World Cup in Germany," Working Papers 0716, International Association of Sports Economists;North American Association of Sports Economists.
    5. Stephanie Jasmand & Wolfgang Maennig, 2008. "Regional Income and Employment Effects of the 1972 Munich Summer Olympic Games," Regional Studies, Taylor & Francis Journals, vol. 42(7), pages 991-1002.
    6. Michael A. Leeds, 2008. "Do Good Olympics Make Good Neighbors?," Contemporary Economic Policy, Western Economic Association International, vol. 26(3), pages 460-467, July.
    7. Robert W. Baumann & Victor A. Matheson & Chihiro Muroi, 2009. "Bowling in Hawaii," Journal of Sports Economics, , vol. 10(1), pages 107-123, February.
    8. Robert Baade & Victor Matheson, 2000. "Bidding for the Olympics: Fools Gold?," IASE Conference Papers 0007, International Association of Sports Economists.
    9. Stephanie Jasmand & Wolfgang Maennig, 2007. "Regional Income and Employment Effects of the 1972 Munich Olympic Summer Games," Working Papers 0712, International Association of Sports Economists;North American Association of Sports Economists.
    10. Robert Baade & Victor Matheson, 2004. "The Quest for the Cup: Assessing the Economic Impact of the World Cup," Regional Studies, Taylor & Francis Journals, vol. 38(4), pages 343-354.
    11. Robert Baumann & Victor Matheson & Chihiro Muroi, 2008. "Bowling in Hawaii: Examining the Effectiveness of Sports-Based Tourism Strategies," Working Papers 0808, College of the Holy Cross, Department of Economics.
    12. Hagn, Florian & Maennig, Wolfgang, 2008. "Employment effects of the Football World Cup 1974 in Germany," Labour Economics, Elsevier, vol. 15(5), pages 1062-1075, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Olympics; impact analysis; mega-event; tourism; sports;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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