Evaluating the economic impacts of hosting the Olympic Games: Why are more cities in emerging markets increasingly bidding and winning the right to host?

This paper will evaluate the economic impacts of hosting an Olympics. City and State officials claim that hosting the Olympics can deliver both short and long-term economic impacts for the city and country at large, but economist remain skeptical of the event's large upfront costs and an...

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Main Author: Kavuma, Eden
Other Authors: Deborah Kay Elms
Format: Theses and Dissertations
Language:English
Published: 2015
Subjects:
Online Access:http://hdl.handle.net/10356/65001
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-650012020-11-01T08:08:24Z Evaluating the economic impacts of hosting the Olympic Games: Why are more cities in emerging markets increasingly bidding and winning the right to host? Kavuma, Eden Deborah Kay Elms S. Rajaratnam School of International Studies DRNTU::Business::International business::International economic relations This paper will evaluate the economic impacts of hosting an Olympics. City and State officials claim that hosting the Olympics can deliver both short and long-term economic impacts for the city and country at large, but economist remain skeptical of the event's large upfront costs and an overestimation of the projected economic impacts. Most of the empirical studies used for this paper state that the Olympics tends to lose money for the host city, and when gains are made, they are negligible at best. This matched by the fact that cities in emerging markets are increasingly bidding and winning the rights to host the Olympics, is what this research has been based on. We argue that emerging markets are overleveraging themselves by hosting the Olympics in order to boost global cities competiveness, expand current infrastructure stock, and improve their brand value through soft power. Master of Science (International Political Economy) 2015-06-10T04:25:23Z 2015-06-10T04:25:23Z 2014 2014 Thesis http://hdl.handle.net/10356/65001 en 55 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business::International business::International economic relations
spellingShingle DRNTU::Business::International business::International economic relations
Kavuma, Eden
Evaluating the economic impacts of hosting the Olympic Games: Why are more cities in emerging markets increasingly bidding and winning the right to host?
description This paper will evaluate the economic impacts of hosting an Olympics. City and State officials claim that hosting the Olympics can deliver both short and long-term economic impacts for the city and country at large, but economist remain skeptical of the event's large upfront costs and an overestimation of the projected economic impacts. Most of the empirical studies used for this paper state that the Olympics tends to lose money for the host city, and when gains are made, they are negligible at best. This matched by the fact that cities in emerging markets are increasingly bidding and winning the rights to host the Olympics, is what this research has been based on. We argue that emerging markets are overleveraging themselves by hosting the Olympics in order to boost global cities competiveness, expand current infrastructure stock, and improve their brand value through soft power.
author2 Deborah Kay Elms
author_facet Deborah Kay Elms
Kavuma, Eden
format Theses and Dissertations
author Kavuma, Eden
author_sort Kavuma, Eden
title Evaluating the economic impacts of hosting the Olympic Games: Why are more cities in emerging markets increasingly bidding and winning the right to host?
title_short Evaluating the economic impacts of hosting the Olympic Games: Why are more cities in emerging markets increasingly bidding and winning the right to host?
title_full Evaluating the economic impacts of hosting the Olympic Games: Why are more cities in emerging markets increasingly bidding and winning the right to host?
title_fullStr Evaluating the economic impacts of hosting the Olympic Games: Why are more cities in emerging markets increasingly bidding and winning the right to host?
title_full_unstemmed Evaluating the economic impacts of hosting the Olympic Games: Why are more cities in emerging markets increasingly bidding and winning the right to host?
title_sort evaluating the economic impacts of hosting the olympic games: why are more cities in emerging markets increasingly bidding and winning the right to host?
publishDate 2015
url http://hdl.handle.net/10356/65001
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