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Hlavní ekonomické důsledky pořádání letních olympijských her v Praze v roce 2016
[Prague summer olympic games 2016: economic impact study]

Author

Listed:
  • Štepán Jurajda
  • Lubomír Lízal
  • Daniel Münich
  • Petr Zemčík

Abstract

We evaluate the economic impact of Summer Olympic Games (SOG) potentially organized by the City of Prague in 2016. We focus on the so called Modified Northern Variant of the Games proposed by the PriceWaterhouseCoopers-Czech Republic. The first step in our analysis is quantification of a primary impact of the Games, which includes investments in infrastructure, expenditures of the SOG Organizing Committee, tourist expenditures and exports. The primary impact induces an increase in overall sales in the Czech economy, which is analyzed using input-output tables. Our respective estimates are 27.54 billion CZK for the primary impact and 55.44 billion CZK for the secondary impact.

Suggested Citation

  • Štepán Jurajda & Lubomír Lízal & Daniel Münich & Petr Zemčík, 2006. "Hlavní ekonomické důsledky pořádání letních olympijských her v Praze v roce 2016 [Prague summer olympic games 2016: economic impact study]," Politická ekonomie, Prague University of Economics and Business, vol. 2006(4), pages 490-507.
  • Handle: RePEc:prg:jnlpol:v:2006:y:2006:i:4:id:570:p:490-507
    DOI: 10.18267/j.polek.570
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    More about this item

    Keywords

    input-output; Summer Olympic Games; Prague; economic impact;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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