Advances in Economics, Management and Political Sciences

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Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ

Series Vol. 3 , 21 March 2023


Open Access | Article

The Impact of Successful Bid for 2022 Beijing Winter Olympic Games on Local Economic and Social Lives

Jiajun Li * 1 , Xinyi Wang 2 , Shenghao Sun 3
1 Department of economics, Chinese University of Hong Kong, Hong Kong, 999077, China
2 Department of economics, Chinese University of Hong Kong, Hong Kong, 999077, China
3 Department of cultural management, Communication University of China, Nanjing, 211172, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 3, 154-164
Published 21 March 2023. © 21 March 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Jiajun Li, Xinyi Wang, Shenghao Sun. The Impact of Successful Bid for 2022 Beijing Winter Olympic Games on Local Economic and Social Lives. AEMPS (2023) Vol. 3: 154-164. DOI: 10.54254/2754-1169/3/2022779.

Abstract

Our paper examines the impact of the bid for Beijing Winter Olympic Games on social economy and society with data from 2010 to 2020.In this project, regression discontinuity design (RDD) is applied to analyze the changes of GDP, residential income per capital and CPI's response to the five independent variables related to the successful bid for Winter Olympics: time dummy, infrastructure investment, cultural and athletic expenditures, international travel income and the number of sports venues. Our results show that the effects of bid for Winter Olympics on GDP and residential income per capita are insignificant, while the effects of bid on CPI are significantly positive. The influential path from bid to CPI is through the three variables above: cultural and athletic expenditures, international travel income and the number of sports venues.

Keywords

GDP, CPI, regression discontinuity design, residential income per capita, Beijing Winter Olympic Games

References

1. Toohey, K., and Veal, A.J. (2007) The Olympic Games: A Social Science Perspective. CAB International, London.

2. Chai, Wangjun, and Ni, Xin. (2009) On the characteristics and development process of the Olympic movement system -- from the perspective of other organization and self-organization theory. Journal of Beijing University of Physical Education, 32, 12-15.

3. Madden, J.R., and Crowe, M. (1998) Estimating the economic impact of the Sydney Olympic Games. http://hdl.handle.net/10419/113652.

4. Owen, J.R. (2005) Estimating the Cost and Benefit of Hosting Olympic Games: What Can Beijing Expect from Its 2008 Games? The Industrial Geographer, 3, 1540-1669.

5. Gu, Haibing, and Zhang, Xiaoyan. (2016) Forecasting the Economic Impact of Beijing 2022 Olympic Winter Games. Research on Economics and Management, 37, 27-36.

6. Hu, Liangbin, and Yang, Jianquan. (2017) The influence of Beijing Winter Olympic Games on the regional economy of North China and Its Countermeasures. Economic Research Guide, 27, 56-57.

7. Kaplanidou K. and Karadakis K. (2010) Understanding the Legacies of a Host Olympic City: The Case of the 2010 Vancouver Olympic Games. Sport Marketing Quarterly, 19, 110-117.

8. Porter P.K. and Fletcher D. (2008) The Economic Impact of the Olympic Games: Ex Ante Predictions and Ex Poste Reality. Journal of Sport Management, 22, 470-486.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
ISBN (Print)
978-1-915371-15-7
ISBN (Online)
978-1-915371-16-4
Published Date
21 March 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/3/2022779
Copyright
21 March 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated