Every couple of years, dozens of major cities around the world compete, mobilizing £millions of physical and human resources, with only one goal in mind: being chosen to host the next Olympics or Commonwealth Games. The media coverage that it triggers, as well as the massive amounts of money spent in this bidding process, can be explained in a unique and straightforward way: the impacts of such major sporting events spread well beyond sports. This paper seeks to quantify the employment impacts of hosting the Summer Olympics, the Winter Olympics or the Commonwealth Games on the host city and its metropolitan area, and to investigate the duration of those impacts, as maximizing the so-called “legacy” effects has now become a key objective of Olympic Organizing Committees. I do so through a panel data analysis, investigating the employment impacts of nine different major-sporting events on their host cities, from 1984 to 2004. Using a conservative estimate of the deviation of actual employment levels from expected employment, I find a positive, significant but transitory impact of hosting the Games on local employment, lasting from two and a half years before the event until two years after.
Editor's comments - [ An empirical study on the employment impacts of hosting major sporting events ] Reference this?Cryer, J. (Year). This page title in italics. Retrieved date, from <this page's full URL>
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Reference : Ahmar, S. (2008). Hosting the Olympics: Sprint or marathon. An empirical study on the employment impacts of hosting major sporting events. Glasgow: University of Strathclyde.
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