nep-spo New Economics Papers
on Sports and Economics
Issue of 2008‒11‒11
one paper chosen by
Joao Carlos Correia Leitao
Technical University of Lisbon

  1. Slippery Slope? Assessing the Economic Impact of the 2002 Winter Olympic Games in Salt Lake City, Utah By Robert Baade; Robert Baumann; Victor Matheson

  1. By: Robert Baade (Department of Economics and Business, Lake Forest College); Robert Baumann (Department of Economics, College of the Holy Cross); Victor Matheson (Department of Economics, College of the Holy Cross)
    Abstract: This paper provides an empirical examination of the 2002 Winter Olympic Games in Salt Lake City, Utah. Our analysis of taxable sales in the counties in which Olympic events took place finds that some sectors such as hotels and restaurants prospered while other retailers such as general merchandisers and department stores suffered. Overall the gains in the hospitality industry are lower than the losses experienced by other sectors in the economy. Given the experience of Utah, potential Olympic hosts should exercise caution before proceeding down the slippery slope of bidding for this event.
    Keywords: Olympics, impact analysis, mega-event, tourism, sports
    JEL: O18 R53 L83
    Date: 2008–11
    URL: http://d.repec.org/n?u=RePEc:hcx:wpaper:0815&r=spo

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