Thesis advisor: Christopher F. Baum / This paper seeks to estimate the impacts generated from the Salt Lake City 2002 Winter Olympic Games. Using a data set representing 76 metropolitan statistical areas in the western United States, and later 31 metropolitan statistical areas in Utah and its bordering neighbors, I construct an Arellano-Bond dynamic panel data regression that seeks to model metropolitan employment growth had the Olympics never taken place. With this logic I apply the Arellano- Bond regression to real personal income and real average wages, in a vector autoregression framework, estimating gains to those variables over a reasonable timeframe. The predictions from these variables are then compared to actual figures in which a picture of the economic impact of the 2002 Games is generated. Using out of sample predictions I estimate Salt Lake City's Olympic impact in employment is roughly between 20,487 and 36,150 job-years, between $ 381 and $ 2,470 to real per-capita personal income, and a decrease of $ 273 to $ 2004 in real average wages. / Thesis (BA) — Boston College, 2006. / Submitted to: Boston College. College of Arts and Sciences. / Discipline: Economics Honors Program.
| Identifer | oai:union.ndltd.org:BOSTON/oai:dlib.bc.edu:bc-ir_102378 |
| Date | January 2006 |
| Creators | Wallman, Andrew |
| Publisher | Boston College |
| Source Sets | Boston College |
| Language | English |
| Detected Language | English |
| Type | Text, thesis |
| Format | electronic, application/pdf |
| Rights | Copyright is held by the author, with all rights reserved, unless otherwise noted. |
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