Exports and Olympic Games: Is there a Signal Effect?

14 Pages Posted: 29 Sep 2011 Last revised: 1 Feb 2012

See all articles by Wolfgang Maennig

Wolfgang Maennig

Universität Hamburg, Faculty of Business, Economics and Social Sciences

Felix Richter

University of Hamburg - School of Business, Economics and Social Sciences

Date Written: January 2012

Abstract

Rose & Spiegel (2011) find that Olympic Games host countries experience significant positive, lasting effects on exports. They interpret their results as an indication that countries use the hosting of such events to signal openness and competitiveness. We challenge these empirical findings on the grounds that a comparison of structurally different and non-matching groups of countries might suffer from a selection bias. We demonstrate that with an appropriate matching and treatment methodology, the significant Olympic effect disappears.

Keywords: export, Olympic Games, international trade, treatment, matching

JEL Classification: F1, L83

Suggested Citation

Maennig, Wolfgang and Richter, Felix, Exports and Olympic Games: Is there a Signal Effect? (January 2012). Available at SSRN: https://ssrn.com/abstract=1935345 or http://dx.doi.org/10.2139/ssrn.1935345

Wolfgang Maennig (Contact Author)

Universität Hamburg, Faculty of Business, Economics and Social Sciences ( email )

Von-Melle-Park 5
Hamburg, 20146
Germany

Felix Richter

University of Hamburg - School of Business, Economics and Social Sciences ( email )

Von-Melle-Park 5
Hamburg, D-20146
Germany

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