Economists Robert Baade and you can Victor Matheson postulate that prospective professionals off hosting the newest Olympics should be divided into about three line of section: short-work on experts instance tourist and you may paying, long-manage gurus such structure innovation, and you may “intangible” positives eg civic pride. Its report on the current literature toward Olympics discovers you to definitely there was minimal evidence to support these claims. Possibly of the finest concern is your brief-run rise in tourism and you may spending about Olympics cannot safeguards the expense of brand new video game. Other potential advantageous asset of new Olympics will be improved trade, good results you to Andrew Flower and you will Draw Spiegel carry out look for so you’re able to exists, however necessarily on account of hosting this new game. Countries one treat a bid to help you host and feel an enhance in exchange.
The fresh literature asserts that the monetary will set you back of hosting are not covered by advantages, and the bad environment impacts haven’t been effectively mitigated
It’s more difficult to evaluate perhaps the Olympics benefit an excellent area by the expanding otherwise improving abstract basics such as for example civic pride. But not, because of the performing surveys regarding servers urban area residents’ emotions and valuations out-of the fresh Olympics before, throughout the, and you will following the games, researchers Henry Hiller and you can Richard Wanner figure out facts about these types of quicker tangible impacts. (more…)