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The Olympic Games and the Improvement of Economic Well Being |
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| Authors: | Terence T. L. Chong Pik Hung Hui |
| Affiliation: | 1. Department of Economics and Centre for Quality of Life, Hong Kong Institute of Asia-Pacific Studies, The Chinese University of Hong Kong, Shatin, NT, Hong Kong 2. Department of Economics, The Chinese University of Hong Kong, Shatin, NT, Hong Kong |
| Abstract: | This paper investigates whether hosting the Olympic Games will improve economic well being of host countries. It is shown that the economic benefits of hosting the Games can last for up to 16 years. The economy of the host country improves after announcement of successful bid. The improvement peaks in the year of the Games and remains significant for 8 years after the Games. |
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