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    Does Hosting a Mega Event Positively Impact a Nation's Economy?

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    Date
    2016
    Author
    Bistolarides, Paul
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    Abstract
    The purpose of this paper was to determine whether a country, by hosting a mega event, may experience positive or negative effects on their national unemployment rate, and on two figures related to trade—exports and imports. The shock of a mega event can be seen as a sort of policy, so an interrupted time series analysis was used. Data for these variables were collected for three countries that hosted mega events: Australia, Greece, and South Africa. This paper used an ARIMA (Autoregressive Integrated Moving Average) Auto regression model to analyze the interruption of a mega event on time series data for the variables in question. After running the results, only one observation was deemed significant at the95% level: Australia's exports at the 1year level. The remainder of the observations were not statistically significant, implying the limited impact of a mega event on a nation's economy. IV
    URI
    http://hdl.handle.net/10920/30434
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    • Economics and Business Senior Integrated Projects [1198]

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