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Los Angeles Olympics: Ex-Post Study

1433 Words6 Pages

Olympics games are mega events and has impacted tremendously on the economy of hosting communities. Determining the economic impact of the games requires longitudinal assessment before and after the games, however most available studies are predicated on estimates before the games only. A few that attempts the ex-post study are also limited to 1 year after the games. Based on the economic data released periodically by the national Bureau of statistics China, this study examined the impact of the games on the provincial level and made brief comparison with the national economy. Using the growth rate of some key economic indices especially the GDP over 14 years, it was discovered that the pattern of economic growth of Beijing during the period …show more content…

The study employed an input-output model (Economic Research Associates, 1984). The Seoul games has an economic impact of around $1.6bn, together with a 336,000-employment increase. (Kim et al., 1989). The Barcelona 1992 games was found to provide a $30 million direct economic impact and provided 296,640 jobs in the entire country of Spain (Brunet, 1995). Using macroeconomic multipliers, Balfousia-Savva et al. (2001) investigated Athens Olympics impact on the economy of Greece. Their result showed the impact to be to the tune of US$10.2 billion and the employment impact was put at 300,400 jobs. The study was based on a cross-country impact of the games. For the Atlanta games, Humphreys and Plummer (1992) found the economic impact of the Games on the state of Georgia to be US$5.1 billion while generating 77,026 …show more content…

The ex-ante analysis is based on projections and estimates before the games. Ex-post analysis on the other hand studies the influence of the games both before and after the games. There has been evidence for the inadequacy of the ex-ante analysis which is most prevalent. For example, the world cup is also identified as a mega event. The world cup games held in the United States of America in 1994. An ex post analysis did not justify the extent of investment by the host cities. It was reported that a cumulative loss of between $5·5 to $9·3 billion was the actual financial situation. This is far different from the estimates achieved from the ex-ante study of a $4 billion gain (Baade and Matheson,

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