Calculating the regional economic impact of the olympic games

Abstract

This study introduces a methodological concept to combine the cost-benefit analysis and input-output models to create a new method to regionalize Olympic costs and benefits in order to define the economic impact at the regional level. This new form of analysis is used to calculate the regional economic impact of the Frankfurt Rhein/Main region, which bid to stage the 2012 Olympics. A generalised view of the Frankfurt case study shows patterns that are valid for all impact studies of major sport events. Finally a sensitivity analysis is used to determine critical variables. 234