Document Type
Working Paper
Date of This Version
7-1-2019
Keywords
Olympics, mega-events, impact analysis, Boston, tourism
JEL Classification
Z28, O18, R53
Abstract
The Olympic Games are a major undertaking that promise both large costs and potentially large benefits to host cities. This paper lays out the potential economic benefits of hosting the Olympics and details how, in the vast majority of cases, these gains are unlikely to cover the costs of hosting the event. The ideas are then applied to the experience of Boston in its ultimately unsuccessful bid for the 2024 Summer Olympics.
Working Paper Number
1902
Recommended Citation
Chris Dempsey & Victor Matheson, 2019. "Is there an Economic Case for the Olympic Games?," Working Papers 1902, College of the Holy Cross, Department of Economics.
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