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The Olympic Games and the Improvement of Economic Well Being

Abstract  

This paper investigates whether hosting the Olympic Games will improve economic well being of host countries. It is shown
that the economic benefits of hosting the Games can last for up to 16 years. The economy of the host country improves after
announcement of successful bid. The improvement peaks in the year of the Games and remains significant for 8 years after the
Games.

  • Content Type Journal Article
  • Pages 1-14
  • DOI 10.1007/s11482-012-9176-8
  • Authors
    • Terence T. L. Chong, Department of Economics and Centre for Quality of Life, Hong Kong Institute of Asia-Pacific Studies, The Chinese University of Hong Kong, Shatin, NT, Hong Kong
    • Pik Hung Hui, Department of Economics, The Chinese University of Hong Kong, Shatin, NT, Hong Kong
    • Journal Applied Research in Quality of Life
    • Online ISSN 1871-2576
    • Print ISSN 1871-2584
Posted in: Journal Article Abstracts on 07/22/2012 | Link to this post on IFP |
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