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35 p, 544.9 KB News shocks in the data : Olympic Games and their macroeconomic effects / Brückner, Markus (National University of Singapore) ; Pappa, Evi (Universitat Autònoma de Barcelona)
We examine the macroeconomic effects of bidding for the Olympic Games using panel data for 188 countries during the period 1950-2009. Our findings confirm that economies react to news shocks: investment, consumption, and output significantly increase nine to seven years before the actual event in bidding countries. [...]
2013 - 10.1111/jmcb.12247  

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1 Bruckner, Martin
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