The olympic effect by Andrew K. Rose and Mark M. Spiegel published by NBER (4/2009). “Economists are skeptical about the economic benefits of hosting ‘mega-events’ such as the Olympic Games or the World Cup, since such activities have considerable cost and seem to yield few tangible benefits. These doubts are rarely shared by policy-makers and the population, who are typically quite enthusiastic about such spectacles. In this paper, we reconcile these positions by examining the economic impact of hosting mega-events like the Olympics, we focus on trade…”
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