| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7258 |
| DP7258 (Un)Happiness in Transition | |
| Sergei Guriev; Ekaterina Zhuravskaya | |
| 发表日期 | 2009-04-12 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | 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. Using a variety of trade models, we show that hosting a mega-event like the Olympics has a positive impact on national exports. This effect is statistically robust, permanent, and large; trade is around 30% higher for countries that have hosted the Olympics. Interestingly however, we also find that unsuccessful bids to host the Olympics have a similar positive impact on exports. We conclude that the Olympic effect on trade is attributable to the signal a country sends when bidding to host the games, rather than the act of actually holding a mega-event. We develop a political economy model that formalizes this idea, and derives the conditions under which a signal like this is used by countries wishing to liberalize. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Mega-event Data Signaling Trade Liberalization Host Candidate Model |
| URL | https://cepr.org/publications/dp7258 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536095 |
| 推荐引用方式 GB/T 7714 | Sergei Guriev,Ekaterina Zhuravskaya. DP7258 (Un)Happiness in Transition. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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