Econonomic Impacts of Hosting the Summer Olympics : A Case Study of the 1996 Centennial Olympic Games in Atlanta, Georgia
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The Olympic Games are considered to be the largest peacetime event worldwide as athletes participate in sport to honor and represent their country. As an athlete, participating in the Olympics typically represents the highest level of play in a sport and can be thought of as an act of patriotism to one's country. Billions of people watch the Games as they cheer for their athletes to win medals. No other mega-event can draw that type of international crowd. Due to that fact, there are significant economic implications when a city and country receive the opportunity to host the Olympics. The author’s interest in the Olympics was piqued during an Econometrics class with Professor Hannah McKinney. A project was completed with Joe Wyzgoski to determine why certain countries perform better than others at the Olympic Games. The factors analyzed included a country's GDP, population size, life expectancy as well as others.
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