The Economic Benefits of Mega Events: A Myth or a Reality? A Longitudinal Study on the Olympic Games

2011 ◽  
Vol 25 (1) ◽  
pp. 11-23 ◽  
Author(s):  
Chengli Tien ◽  
Huai-Chun Lo ◽  
Hsiou-Wei Lin
Keyword(s):  
Economic Impact ◽  
Olympic Games ◽  
Panel Data Analysis ◽  
Economic Benefits ◽  
Decision Makers ◽  
Host Countries ◽  
Mega Events ◽  
Winter Olympic Games ◽  
Mega Event ◽  
The Olympic Games

This study concerns research related to mega events, such as the Olympic Games, to determine whether the economic impact of the Olympic Games on the host countries is significant. This study uses two methods, panel data analysis and event study, to test hypotheses based on the data from 15 countries that have hosted 24 summer and winter Olympic Games. The results indicate that the economic impact of the Olympic Games on the host countries is only significant in terms of certain parameters (i.e., gross domestic product performance and unemployment) in the short term. These findings provide decision makers with comprehensive and multidimensional knowledge about the economic impact of hosting a mega event and about whether their objectives can be realized as expected.

scholarly journals A Longitudinal Perspective on Sustainability and Innovation Governmentality: The Case of the Olympic Games as a Mega-Event

2017 ◽  
Vol 28 (1) ◽  
pp. 77-93 ◽  
Author(s):  
Endrit Kromidha ◽  
Laura J. Spence ◽  
Stephanos Anastasiadis ◽  
Darla Dore
Keyword(s):  
Olympic Games ◽  
Strategic Decisions ◽  
Policy Makers ◽  
Mega Events ◽  
Innovative Methodology ◽  
Structured Analysis ◽  
Long Term Impact ◽  
Mega Event ◽  
The Olympic Games

The purpose of this research is to analyze how governance is related to sustainability and innovation in mega-events over time by looking at the Olympic Games as a case study. Three main contributions are made to management research and practice. First, Foucauldian governmentality is built upon and enriched with a longitudinal perspective by following the evolution of Visibility, Techne, Episteme, and Identity analytics of governmentality. Second, an innovative methodology based on interviews, a systematic documentary review, and software-assisted thematic auto-coding for a theory-led structured analysis is applied. Third, the theoretical and empirical contribution of this study on the longitudinal aspects of governmentality over different parties and outlets of information could be used to guide practical and strategic decisions for managers and policy makers. In addition to its scholarly importance, this work is needed because mega-events can have a sustainable long-term impact, balancing legacy and innovative change.

Erratum

2011 ◽  
Vol 25 (4) ◽  
pp. 1
Keyword(s):  
Longitudinal Study ◽  
Olympic Games ◽  
Economic Benefits ◽  
Republic Of China ◽  
Mega Events ◽  
The Olympic Games

In the article by Chengli Tien, Huai-Chun Lo, and Hsiou-Wei Lin titled “The Economic Benefits of Mega Events: A Myth or a Realty? A Longitudinal Study on the Olympic Games” appearing in JSM 25(1) January 2011, the author addresses should have been identified in the footnote as Taipei, Republic of China (Taiwan). We regret the error.

scholarly journals INFLUENCE OF THE ORGANIZATION OF THE OLYMPIC GAMES AS MEGA-EVENT ON URBANIZATION PROCESSES IN THE CITY AND THE REGION

2021 ◽  
pp. 241-252
Author(s):  
Volodymyr Kovpak
Keyword(s):  
Urban Environment ◽  
Regional Planning ◽  
Olympic Games ◽  
Negative Impact ◽  
Transport Infrastructure ◽  
Urban And Regional Planning ◽  
Mega Events ◽  
Mega Event ◽  
The City ◽  
The Olympic Games

In recent decades, the Olympic Games have become one of the most important mega-events in the world. The large number of cities applying for the Olympics and the increase in mega-event budgets indicate that the leadership of cities and regions perceive the possibility of holding the Olympics as a tool to improve economic and social aspects in cities by accumulating investment. Since its inception, the Olympic Games have closely influenced urbanization processes in host societies. From the second half of the 20th century, a significant evolution can be observed via increasing the scale of the mega-event: from the Olympic mono-stadium to the Olympic quarter, urban and regional planning. Thus, the Olympics began to provide investment not only in sports infrastructure but also in becoming an element of urban and regional renewal and development, introducing changes in transport infrastructure, housing, parks, streets, public space. From the point of view of urban and regional planning, the holding of such a mega-event as the Olympics is considered within the concept of the Olympic heritage; namely, researchers study the material impact of mega-events. The tangible Olympic legacy is divided into sports and non-sports. The sports heritage of mega-events includes sports facilities, as well as training facilities. The non-sporting heritage of the mega-event includes the Olympic Villages (after the mega-event, the Olympic Village usually becomes the city's housing stock), the media center (which has the potential to become a shopping, entertainment, exhibition, or multicenter), renewed transport infrastructure and public and park spaces, urban environment. Especially for cities hosting a mega-event, the benefits of hosting the Olympics can be vast and varied. In the post-Fordism world, cities began to consider the possibility of holding the Olympics as a tool for the revival of the city. Such applications can be called "regeneration games". The Olympic Games can be part of a strategic plan to renovate the city, significantly change the urban environment, improve transport infrastructure, and affect the quality of life in the city. However, the mega-event can have a negative impact on the city, forming an overuse of funds or the implementation of unnecessary infrastructure of the city, which declines after the Olympics. 

Sports Mega-Events and Economic Growth: A Synthetic Control Approach

2022 ◽  
pp. 152700252110710
Author(s):  
Michał Marcin Kobierecki ◽  
Michał Pierzgalski
Keyword(s):  
Economic Growth ◽  
Olympic Games ◽  
Economic Benefits ◽  
Synthetic Control ◽  
World Cup ◽  
Control Approach ◽  
Mega Events ◽  
Quasi Experimental ◽  
The Difference ◽  
The Olympic Games

This paper contributes to the current literature investigating whether hosting sports mega-events brings tangible economic benefits to the host country. Specifically, we examine whether staging the Olympic Games and the FIFA World Cups leads to observable economic growth. The research has been conducted through a quasi-experimental study in the spirit of the difference-in-differences method. The research subject includes states in which the Olympic Games and FIFA World Cup were held between 2010 and 2016: Canada, South Africa, Great Britain, and Brazil. We found that there is no significant effect of hosting sports mega-events on economic growth.

Global Sport

2018 ◽  
pp. 596-612
Author(s):  
Richard Giulianotti
Keyword(s):  
Critical Analysis ◽  
Olympic Games ◽  
Future Research ◽  
World Cup ◽  
Economic Issues ◽  
Mega Events ◽  
Sport For Development ◽  
Political Economic ◽  
Sociocultural Issues ◽  
The Olympic Games

World sport often appears as one of the most powerful illustrations of globalization in action. This chapter provides a critical analysis of global sport. Four major areas of research and debate on global sport are examined: political–economic issues, centering particularly on the commercial growth of sport and inequalities between different regions; global sport mega-events such as the Olympic Games or World Cup finals in football; the emergence and institutionalization of the global sport for development and peace; and sociocultural issues, notably the importance of global sport to diverse and shifting forms of identity and belonging. Concluding recommendations are provided on areas for future research into global sport.

scholarly journals Impacts of the Olympic Games as mega-events

2004 ◽  
Vol 157 (3) ◽  
pp. 209-220 ◽  
Author(s):  
M. Malfas ◽  
E. Theodoraki ◽  
B. Houlihan
Keyword(s):  
Olympic Games ◽  
Mega Events ◽  
The Olympic Games

The Economic Consequences of Hosting the Olympic Games: International Evidence from Cross-Listings

2021 ◽  
Author(s):  
Albert Tsang ◽  
Kun Tracy Wang ◽  
Nathan Zhenghang Zhu ◽  
Li YU
Keyword(s):  
Host Country ◽  
Olympic Games ◽  
Economic Consequences ◽  
Host Countries ◽  
International Evidence ◽  
Cross Listing ◽  
Foreign Countries ◽  
International Reputation ◽  
Positive Effect ◽  
The Olympic Games

Based on evidence from nine countries that hosted the Olympic Games, we show that relative to firms domiciled in non-Olympics-hosting countries, firms domiciled in Olympics-hosting countries engage in more cross-listing in the years following the Olympics. The effect of hosting the Olympics on firms’ cross-listing activities is more pronounced for firms domiciled in host countries with better performance in the Games; for firms domiciled in countries hosting the Summer Olympics; and for domestic firms. We also find that cross-listing firms domiciled in an Olympics-hosting country tend to cross-list in foreign countries with a greater institutional distance from the host country after the Olympics. Finally, we document a positive effect of Olympics-hosting on the consequences of cross-listing. Taken together, our findings suggest that hosting the Olympics improves the international reputation of the host country, which helps firms domiciled in that country to overcome the liability of foreignness when making cross-listing decisions.

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