An Examination of the Economic Effects of the Winter Olympics
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The Olympic Games are one of the world’s largest sporting events with millions travelling to watch them in person and tens of millions more watching on television. These staggering figures underlie the debate over the economic benefits of hosting the Games. Much research has been done on the effect of the Summer Olympics but little has been researched on the Winter Games. This paper tests the hypothesis that hosting a Winter Olympic Games yields long term economic benefits which would have otherwise not been realized. Variables examined include population growth, long term unemployment, and 4 year average GDP growth both pre and post Olympics for both host regions and their respective countries. The initial results proved inconclusive.