Economic Impact Assessment of Mega-Events in the United Kingdom and Brazil

Shui Ki WAN, Haiyan Song

    Research output: Contribution to journalJournal articlepeer-review

    14 Citations (Scopus)


    Hosting mega-events is often perceived as a way to stimulate economic growth through tourism. However, the cost of infrastructure investments and promotion may outweigh the benefits generated by the mega-events. Measuring the impact of such events on a hosting country’s economy is not easy, especially as mega-events generally involve many sectors of a destination’s economy. In this study, we adopt a panel data approach to evaluate the impact of the London Olympic Games, Brazil World Cup, and Rio Olympic Games on the economic growth of the respective destinations. Using cross-sectional correlations between countries, we construct scenarios in which the hosting countries did not hold the mega-events and then estimate the time-varying impact of the events on the economy. The developed and developing countries exhibit different results.

    Original languageEnglish
    Pages (from-to)1044-1067
    Number of pages24
    JournalJournal of Hospitality and Tourism Research
    Issue number7
    Publication statusPublished - 1 Sept 2019

    Scopus Subject Areas

    • Education
    • Tourism, Leisure and Hospitality Management

    User-Defined Keywords

    • counterfactual
    • economic growth
    • mega-sport events
    • Olympics
    • panel data


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