Mega‐Events and Sectoral Employment: The Case of the 1996 Olympic Games
24 Pages Posted: 7 May 2013
Date Written: July 2013
Using the data of the 1996 Olympic Games, this paper analyzes the economic impact of a mega‐sporting event. Earlier studies are extended in several ways. First, monthly rather than quarterly data are employed. Second, the impact is analyzed for 16 different sectors. Third, we use a nonparametric approach to flexibly isolate employment effects. Hardly any evidence for a persistent shift in the aftermath of or the preparation for the Olympic Games is supported. We find significant positive employment effects exclusively during the Olympic Games. These short‐term effects are concentrated in the sectors of “retail trade," “accommodation and food services," and “arts, entertainment, and recreation."
JEL Classification: H54, R12, L83
Suggested Citation: Suggested Citation