| Title: |
For an Olive Wreath? Olympic Games and Anticipation Effects in Macroeconomics Markus Bruckner and Evi PappaFor an Olive Wreath? Olympic Games and Anticipation Effects in Macroeconomics |
| Authors: |
Markus Brückner; Jel Codes C |
| Contributors: |
The Pennsylvania State University CiteSeerX Archives |
| Source: |
http://economics.adelaide.edu.au/research/papers/doc/wp2011-18.pdf. |
| Publication Year: |
2011 |
| Collection: |
CiteSeerX |
| Subject Terms: |
Key Words; Mega Events; Anticipation Effects; Demand Shocks |
| Description: |
We examine the effects that hosting and bidding for the Olympic Games has on macroeconomic outcomes in a panel of 184 countries spanning the period 1950-2006. Actual hosting of the Games generates positive investment, consumption, and output responses before, during, and after hosting. We detect anticipation effects: (i) bidding for the Olympic Games generates positive investment, consumption, and output responses at the time of the bidding; (ii) bidding for the Games has a transitory level effect. We confirm the presence of legacy effects: hosting the Games has a permanent level effect. |
| Document Type: |
text |
| File Description: |
application/pdf |
| Language: |
English |
| Relation: |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.365.3646 |
| Availability: |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.365.3646; http://economics.adelaide.edu.au/research/papers/doc/wp2011-18.pdf |
| Rights: |
Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| Accession Number: |
edsbas.89E1F8E1 |
| Database: |
BASE |