Estimating the economic impact of mega events
About the Course
The course offers an introduction to the economic impact estimation of mega events. It presents different methods of evaluation and some of the results given by their application, highlighting pros and cons of each one.
Social ScienceTraining hours
Learning outcomesThe participants will acquire the basic knowledge:
- to estimate rigorously and without distortion the forecastable impact of a mega event (Olympics, Expo or similar);
- to evaluate the validity of estimates produced by others.
Background and RequirementsThe basic requisite is intellectual curiosity and rigour. Apart from this there are no requisite expect for a lecture where the basic mathematics of Input-output model are exposed (requirement: basic matrix algebra, convergence of series). This section is optional; the final certificate will indicate whether you also validated this section.
Althues, S., & Maier, H. (2002). Exhibition "EXPO 2000" in Hanover/Germany in 2000 Impact on Regional Economy based on German Input-Output Tables a priori and a posteriori. Fourteenth International Conference on Input-Output Techniques. Montréal, Canada
Baaijens SR, Nijkamp P, van Montfoort K. (1997) Explanatory meta-analysis of tourist income multipliers an application of comparative research to island economies. J Policy Model 22(7): 821–858
Dwyer. (2006). Assessing the economic impact of events: a Computable General Equilibrium model. Journal of travel research, 45-59.
Fourie, J., & Santana-Gallego, M. (2011). The impact of mega-sport events on tourist arrivals. Tourism Management, 1364-1370
Jakobsen, J., Solberg, H. A., Halvorsen, T., & Jakobsen, T. G. (2012). Fool's gold: major sport events and foreign direct investment. International Journal of Sport, 1-18.
Matheson, V. A. (2008). Mega-events: The effect of the world's biggest sporting events on local, regional, and national economies. In D. Howard, & B. Humphreys, The Business of Sports, Vol. 1 (p. 81-99). Westport, CT: Praeger Publishers.
Rose, & Spiegel. (2010). the Olympic Effects
McHugh, D. (2006). A Cost-Benefit Analysis of an Olympic Games. Kingston, Canada: Queen’s Economics Department.
Course FormatThe course has 4 Sections provided with video lectures, forum for discussion and progressive tests to verify your improvements.
Certificates and Exam rules
You can have the Certificate of Attendance after watching all video lectures and answering at least 7 questions out of 10 of each test correctly (you can retry each answer twice).