Robert Baade and Victor Matheson

Robert Baade and - Usman Kothawala Economics 350 Robert Baade and Victor Matheson Baade and Matheson are economists who have done studies on mega

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Usman Kothawala Economics 350 Robert Baade and Victor Matheson Baade and Matheson are economists who have done studies on mega sporting events influencing the job market. One study by Baade and Matheson which examined the 1996 Olympic Games in Atlanta found an increase in employment growth between 3500 to 42000 new jobs. However, the actual count of jobs was a large fraction short of the predicted 77000 jobs during the Olympics. Based on the article “Bidding for the Olympics: Fools Gold?” Baade and Matheson state the effects of employment of mega sporting events for the host economy. In order to estimate the affect of Olympics, Baade and Matheson select variables from previous models before and after the games and perform a hypothesis in order to help attain what employment would have been in the absence and presence of the games. They than compare the actual values of employment to estimate the contribution of the games. If we attribute all of the job increase to the presence of the Olympic Games, we
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This note was uploaded on 05/03/2008 for the course ECON 350 taught by Professor T during the Spring '06 term at Ill. Chicago.

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Robert Baade and - Usman Kothawala Economics 350 Robert Baade and Victor Matheson Baade and Matheson are economists who have done studies on mega

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