Employment Effects of the Olympic Games in Atlanta 1996 Reconsidered

International Journal of Sport Finance, 8(2), 2013

Posted: 18 May 2017

See all articles by Arne Feddersen

Arne Feddersen

University of Southern Denmark - Department of Environmental and Business Economics

Wolfgang Maennig

Universit├Ąt Hamburg, Faculty of Business, Economics and Social Sciences

Date Written: May 18, 2017

Abstract

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

Suggested Citation

Feddersen, Arne and Maennig, Wolfgang, Employment Effects of the Olympic Games in Atlanta 1996 Reconsidered (May 18, 2017). International Journal of Sport Finance, 8(2), 2013, Available at SSRN: https://ssrn.com/abstract=2970566

Arne Feddersen

University of Southern Denmark - Department of Environmental and Business Economics ( email )

DK-5230 Odense
Denmark

Wolfgang Maennig (Contact Author)

Universit├Ąt Hamburg, Faculty of Business, Economics and Social Sciences ( email )

Von-Melle-Park 5
Hamburg, 20146
Germany

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