Economic and Fiscal Impacts of Mega Sporting Events: A General Equilibrium Assessment
John R Madden
Abstract:This article employs a multiregional CGE model to examine the effects of a mega sporting event, the Sydney 2000 summer Olympics, on economic and financial variables within a single analytical framework. Simulations are conducted for three phases over a 12-year period. Careful attention is paid to the presence of constraints on labour supply and capital and on the sources of savings funding Olympic investments. Simulations are conducted under the assumption that no effects from the Games remain on the debt posi… Show more
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