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Explaining and Forecasting National Team Medals Totals at the Summer Olympic Games

In: International Handbook on the Economics of Mega Sporting Events

Author

Listed:
  • David Forrest
  • Adams Ceballos
  • Ramón Flores
  • Ian G. McHale
  • Ismael Sanz
  • J.D. Tena

Abstract

From the Olympics to the World Cup, mega sporting events are a source of enjoyment for tens of thousands of people, but can also be a source of intense debate and controversy. This insightful Handbook addresses a number of central questions, including: How are host cities selected and under what economic conditions? How are these events organized, and how is local resistance overcome? Based on historical and empirical experience, what are the pitfalls for the organizers of these events? What are the potential economic benefits, including any international image effects? How can the costs be minimized and the benefits maximized for host cities and countries? How do these mega events impact the challenges of globalization and what is their environmental legacy?

Suggested Citation

  • David Forrest & Adams Ceballos & Ramón Flores & Ian G. McHale & Ismael Sanz & J.D. Tena, 2012. "Explaining and Forecasting National Team Medals Totals at the Summer Olympic Games," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 13, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14313_13
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    File URL: https://www.elgaronline.com/view/9780857930262.00020.xml
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    References listed on IDEAS

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    1. Wladimir Andreff & Stefan Szymanski (ed.), 2006. "Handbook on the Economics of Sport," Books, Edward Elgar Publishing, number 3274.
    2. Wladimir Andreff, 2001. "The Correlation between Economic Underdevelopment and Sport," Post-Print halshs-00274657, HAL.
    3. Loek Groot, 2012. "The Contest for Olympic Success as a Public Good," Journal of Income Distribution, Ad libros publications inc., vol. 21(1), pages 102-117, March.
    4. Wladimir Andreff & Stefan Szymanski, 2006. "Handbook on the Economics of Sport," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00270122, HAL.
    5. Hongbin Li & Lingsheng Meng & Qian Wang, 2009. "The government's role in China's Olympic glory," Applied Economics, Taylor & Francis Journals, vol. 41(25), pages 3313-3318.
    6. Moonjoong Tcha, 2004. "The Color of Medals," Journal of Sports Economics, , vol. 5(4), pages 311-328, November.
    7. Wolfgang Maennig & Andrew Zimbalist (ed.), 2012. "International Handbook on the Economics of Mega Sporting Events," Books, Edward Elgar Publishing, number 14313.
    8. Daniel K. N. Johnson & Ayfer Ali, 2004. "A Tale of Two Seasons: Participation and Medal Counts at the Summer and Winter Olympic Games," Social Science Quarterly, Southwestern Social Science Association, vol. 85(4), pages 974-993, December.
    9. Andrew B. Bernard & Meghan R. Busse, 2004. "Who Wins the Olympic Games: Economic Resources and Medal Totals," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 413-417, February.
    10. Forrest, David & Sanz, Ismael & Tena, J.D., 2010. "Forecasting national team medal totals at the Summer Olympic Games," International Journal of Forecasting, Elsevier, vol. 26(3), pages 576-588, July.
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    Cited by:

    1. Wladimir Andreff, 2013. "Economic development as major determinant of Olympic medal wins: predicting performances of Russian and Chinese teams at Sochi Games," Post-Print halshs-00971788, HAL.
    2. Wladimir Andreff, 2012. "Is Hosting the Games Enough to Win? A predictive economic model of medal wins at 2014 Winter Olympics," Post-Print halshs-00794057, HAL.

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