| Abstract | This paper first critiques the current problems surrounding ex-ante studies regarding the benefits a country hopes to achieve while hosting the Olympics. Specifically, countries use unrealistic multiplier, neglect to consider the crowding out effect and supply side leakages, as well as use Gross versus Net figures. After that, this paper examines the Sydney 2000 Olympics and concludes there was a net positive economic benefit of $1.7 billion, defined as the gross benefit to GSP over the base case less costs of hosting. However, studies need to be performed on a case by case basis to construct an accurate picture of whether or not hosting the Olympics overall creates economic benefit or loss. |
