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The Olympic Effect

Bibliographic Data

ID9711679
AuthorsAndrew K Rose (0000-0003-1100-1212, University of California), Mark M Spiegel (0000-0002-1931-5382, Federal Reserve Bank of San Francisco)
Year2011
Volume121
Issue553
Pages652-677
Publication date2011-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic Journal (JOURNAL)
Journal identifiersISSN: 0013-0133 • E-ISSN: 1468-0297
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.2010.02407.x
OpenAlexW1801655578
LanguageEN
Citations received47
References cited11

Why should countries offer to host costly 'mega‐events' such as the Olympic Games? We show that hosting a mega‐event increases exports. This effect is statistically robust, permanent and large; trade is over 20% higher for host countries. Interestingly, unsuccessful bids to host the Olympics have a similar impact on exports. We conclude that the Olympic effect on trade is attributable to the signal a country sends when bidding to host the games, rather than the act of actually holding a mega‐event. We develop an appropriate formal model and derive conditions under which liberalising countries will signal through a mega‐event bid

Bidding · Business · Economics · Event (particle physics · Host (biology · International economics · International trade · Mega · Economic Policies and Impacts · Global trade and economics · Marketing · Merger and Competition Analysis

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Unique citing works47
Citations per year3,13
Citation span2011 - 2026 (16)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 46

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