Men, Money, and Medals: An Econometric Analysis of the Olympic Games
Lingnan University - Department of Marketing & International Business
University of Hong Kong - School of Economics and Finance
Pacific Economic Review, Vol. 13, Issue 1, pp. 1-16, February 2008
Population size and the level of income per capita are major determinants of the number of medals won by a country in the 1952-2004 Olympic Games. A parsimonious count (Poisson) model fits the data very well: the squared correlation between the predicted value of the number of medals won and the observed value is about 56%. There exist strong country-specific effects in Olympic medals results. While the USA and China tend to outperform other countries relative to their size and income, the Asian dragons tend to under-perform in the Games.
Number of Pages in PDF File: 16Accepted Paper Series
Date posted: January 11, 2008
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