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Can The Olympics Spur Local Socioeconomic Development? Evidence From Brazil, Alex Matandos

All Theses

Countries pledge ever increasing budgets and commitments to host the Olympics. The region whose bid emerges victorious puts in motion the reallocation of inputs, labor, and capital to build all the promised infrastructure to run the event, while the remaining areas in country remain largely unaffected by the intervention. This quasi-experiment scenario is proper for the usage of the Synthetic Control Method but few papers have exploited it. This paper fills the gap by being the first to offer an analysis at local level for a developing economy on the impact of the Olympics. Using Rio de Janeiro's winning bid …