Document Type

Working Paper

Date of This Version



stadiums, arenas, World Cup, sports, tourism, Olympics, economic history, mega-events

JEL Classification

Z28, O18, R53


This paper traces the economic history of major sporting events focusing on the Olympics. Historically, the Olympic Games as well as other major sporting events have been considered costly events that place a burden on host cities. Only in relatively recent years, coinciding with the massive increases in the cost of hosting these events, have event organizers begun to claim that these events bring with them large economic benefits.

Working Paper Number




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