| By: |
Xiaobo He (School of Business, Institute for Regional and Industrial Development, Shanghai University of Internation Business and Economics);
Zijun Luo (Department of Economics and International Business, Sam Houston State University) |
| Abstract: |
This paper quantifies the causal effect of distance on relative medal outcomes
in Summer Olympic Games by exploiting a panel data set of participating
countries for 1960-2016. Potential endogeneity issues of distance between a
participant and the host country are accounted for with instrumental
variables. Based on the two-stage least squares (2SLS) estimations, it is
found that changes in a country’s shares of gold medals are negatively
affected by change in distances to host countries. This result is robust under
various model specifications. Furthermore, no significant effect is found to
exist in silver, bronze, or total number of medals. |
| Keywords: |
Distance, Olympic, Gold Medal, Instrumental Variable |
| JEL: |
C36 O11 |
| Date: |
2017–10 |
| URL: |
http://d.repec.org/n?u=RePEc:shs:wpaper:1704&r=spo |