nep-spo New Economics Papers
on Sports and Economics
Issue of 2017‒10‒29
one paper chosen by
João Carlos Correia Leitão
Universidade da Beira Interior

  1. Far Away Gold: How Distance to Host Country Affects Olympic Performance By Xiaobo He; Zijun Luo

  1. 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

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