IDEAS home Printed from https://ideas.repec.org/a/aka/soceco/v24y2002i3p403-408.html
   My bibliography  Save this article

Should Budapest Bid for the Olympics? - Measuring the Economic Impacts of Larger Sporting Events

Author

Listed:
  • Bruce L. Jaffee

    (Kelley School of Business, Indiana University Bloomington, IN 47405, USA)

Abstract

The article deals with both the general economic impact of large sporting events and the likely economic impact of having the Olympics held in Budapest. The author describes the general economic theory of economic impact and the spending patterns at major sporting events. He finds that a considerable part of the money spent in a community at the time of such an event cannot be viewed as “new money”that will stimulate the local economy. A large economic impact of such an event requires that it be long in duration, attract large crowds and big spenders, and be family-oriented. The paper notes that in many cases physical facilities, and even transportation networks, that are constructed for major sporting events prove ill-designed to support economics development in the longer run. The author concludes that in considering holding a major sporting event Budapest has serious resource constraints and faces risks of increases in pollution and congestion. Further, since it has a rapidly growing diversified economy, holding the Olympics in Budapest is unlikely to be the best long run strategy to attract money into the city and its region.

Suggested Citation

  • Bruce L. Jaffee, 2002. "Should Budapest Bid for the Olympics? - Measuring the Economic Impacts of Larger Sporting Events," Society and Economy, Akadémiai Kiadó, Hungary, vol. 24(3), pages 403-408, December.
    • Handle: RePEc:aka:soceco:v:24:y:2002:i:3:p:403-408
    Note: An earlier version of this paper was presented at the Honorary Doctorate ceremony at the Budapest University of Economic Sciences and Public Administration, 21 April 1999.
    as

    Download full text from publisher

    File URL: http://www.akademiai.com/content/m831x32135046317/fulltext.pdf
    Download Restriction: subscription
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aka:soceco:v:24:y:2002:i:3:p:403-408. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kriston, Orsolya (email available below). General contact details of provider: https://akademiai.hu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.