Employment Effects of the Olympic Games in Atlanta 1996 Reconsidered
International Journal of Sport Finance, 8(2), 2013
Posted: 18 May 2017
Date Written: May 18, 2017
This paper investigates the regional economic impact of the 1996 Olympic Games in Georgia. It questions the findings of Hotchkiss, Moore, and Zobay (2003), who identify significant positive effects of the Olympics on employment in Georgia/USA by first challenging their approach that used a level shift model with no trend inclusion. Second, the original trend regressions are modified to capture spline trend shifts. Third, a nonparametric identification strategy using complex continuous treatment measures extends the original study. After controlling for the two concerns and extending the empirical strategy, this paper is not able to reject the hypothesis that there was no employment boost in Georgia caused by the Olympics.
Keywords: Olympic Games, Atlanta 1996, sports economics, mega event, economic impact analysis
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