Powered By Blogger
Showing posts with label Economic effects. Show all posts
Showing posts with label Economic effects. Show all posts

Friday, March 26, 2010

Views on whether Olympic games help or hurt economies.

Matt Yglesias and Ryan Avent argue the effects. Yglesias argues that countries rarely manage to reap the financial struggle. Contrary, Ryan Avent claims it helps countries overcome "significant constraints in trying to get necessary policy changes put in place". There is a thirrd view by Andrew K. Rose and Mark M. Spiegel that hosting a mega-event might not have immediate tangible benefits but it might have a large effect on national exports. The effect is statistically robust, permanent, and large; trade is around 30% higher for countries that have hosted the Olympics.

Read more!