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,
SUMMARY: In his article, "Bring Baseball Back to the Olympics," author Jim Caple proposes that baseball should not only be put back into the Olympics, but that baseball and softball should be combined to provide a viewer friendly game. Caple develops this proposition by using the toulmin model and stating the problems and the facts before stating his claim. Jim Caple's purpose is to reveal to the reader how ridiculous it is that baseball is not in the Olympics, in order to further validate his idea of the softball-baseball combination. EVALUATE: This article is an everyday example of how the toulmin model can be used and is used.
In the mural image "Going to the Olympics" by Frank Romero, the author uses Los Angeles city as inspiration to create his art. Romero uses a combination of bright and pastel colors that represent the warm whether of this city. Los Angeles is a city with a wonderful whether that gives people the opportunity to travel around each corner of this city. Also in his mural Romero shows a cartoon-like style to depict five cars driving in a row against a backdrop of palm trees; a valentine heart hovered above each vehicle, which can be considered as symbols. For example I can infer that the cars and the road can represent how travelers people at Los Angeles are, and the hearts can represent the love people have towards the city and their cars.
The documents given all point towards a specific idea: how the olympics affect the world. The method in which the olympics affects the world differs in the various sources, with some speaking on progress in political relations, some speaking on progress socially, and finally others arguing it affects the world as a place for hostile countries to prove their worth to each other competitively. The documents about political progress are documents 1, 5, 6, and 7. The first, document 1, speaks very specifically on one who believes that the olympics will decrease tension between countries.
When a town/state hosts the NFL’s Super Bowl, the area is heavily impacted on an economic level. Spectators of this widely publicized event come into these towns and patron local hotels, restaurants, area shopping centers and tourist attractions. This fact alone has a huge economic impact on both the local and state level. Tax dollars generated by the sales and patrons of these establishments equals an increase in state allocated
The operation of the Charlotte Hornets team and facilities and the TWCA is a positive impact for the Charlotte and Mecklenburg County areas due to the employment opportunities that are aligned with the arena and facilities. In addition the fans that travel from outside the local boost the economy when they stay in local hotels, eat at local establishments and bring their financial contribution to the community while attending sporting or entertainment events. The economic impact is not just limited to Charlotte, the state of North Carolina benefits greatly from the operation of the Charlotte Hornets and the Time Warner Cable Center. During a time where many people are experiencing unemployment and financial difficulties, having facilities and arenas that generate revenue that opens up various employment opportunities ranging from business class positions to the food industry and other service industry
A writer for The Carillon stated, “In more than a few cases, athletes’ incomes surpass the gross national product of some third-world countries.” Reward given to those with uneducated
The Olympics almost always cause negative economic effects for cities. Although cities expect to earn revenue through the Olympics, not many cities generate a substantial amount of revenue. Los Angeles, the host city of the 1984 Olympics, is a rare example of a city profiting from the Olympics: “Los Angeles actually profited by $100 million from the 1984 Summer Olympics mostly by using existing stadiums” (Perryman 17). That city did generate money, but cities
In the course of recent years, numerous things have changed and advanced to affect our economy. From phones to music to media, we are all always influenced by the new and upcoming. The most powerful perspectives however, that most of our enlarged population sees it, has been America 's greatest diversion, the Super Bowl. The Super Bowl by all methods impacts our economies inside and out, shape, frame and so on and so forth. The game is a standout amongst the most complex social establishments in American Society.
Another impact from football are the teams. NFL football teams bring in millions of fans, who bring millions of dollars in revenue to the cities. The NFL teams alone can make the city’s economy flourish. The NFL teams also offer millions of jobs to the people, from referees to maintenance workers (Easterbrook 256) Football also offers many scholarships and programs that helps many people go to colleges of their choice.
The Calgary Olympics encourages investment in transportation, many foreign visitors that will come will bring a boost to the local economy. A major sporting event like the Olympics can attract thousands of people for the duration of the games. This creates jobs for the local economy for up to 4 years before the event. These extra jobs help create a positive effect on the local economy. Since Alberta is in a recession it will help bring us back to normal and people will know more about Calgary and it's culture.
According to Amir Somoggi the economic impact of the Super Bowl event is huge, with amounts exceeding $600 million in direct and indirect revenues. These huge figures create jobs for people in the days leading up to the event and after. Example, more Uber drivers are driving visitors around. The Super Bowl also exposes a city’s lack of certain infrastructure like a bigger airport, more hotels and that leads to developers building these types of infrastructure leading to direct jobs in construction as an example.
As stated in the text, the Games helped "federate the Greek Empire." The Games attracted many tourists, especially when it was held in its hometown. The more tourists there is, the more money the government makes and the more powerful they get. The Greeks made a truce " allowing competitors to make their way in relative safety from their hometowns to the site of the Games. " The Spartans broke the truce and had to pay a heavy fine, which means more money for the Greeks, but refused and as a consequence, they were "forbidden to participate in the Games for several
similarly, document 7 describes that countries that sponsored the Seoul Olympics of 1988 such as united states and Japan have made tremendous profits, on the other hand, Korean corporations have “failed to avail itself of an opportunity to display its industrial and economic power to a worldwide television” by not sponsoring the Olympics. According to the international Olympic committee statistics, there was also an increase in the economic participation of different nations to pay to the international Olympic committee for international tv and radio broadcast rights. This demonstrated the willingness of countries to contribute to the Olympic games because it benefited them(doc
From the above chart, it can be assumed that hosting an international event such as Olympic Games leads a country’s medium to long term commitment to greater international openness and, hence, there is the expectations for the economy growth. As being said, it is highly likely that hosting the Tokyo Olympics, together with a new policy support will have positive effects on the Japanese economy. The reason behind the success of 1964 Tokyo Olympic will be discussed in case study in detail. Positive Impact on Japan’s Tourism “The main goal of developing tourism industry in a community is maximizing selected positive impacts while minimizing potential negative impacts” (Rose & Spiegel, 2011). Therefore, it is essential to identify the possible impacts.
To gain a better understanding of how the Olympic and Paralympic games affect and are affected by the host nation I am going to compare and contrast the London games to the 2008 Chinese games and the upcoming Brazilian games.