Published in:Bank of Italy Temi di Discussione (Working Paper) ; No. 1355
Extent:
1 Online-Ressource (51 p)
Language:
English
DOI:
10.2139/ssrn.4026218
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 25, 2021 erstellt
Description:
This paper provides an ex-post evaluation of the 2006 Turin Winter Olympic Games by means of a synthetic control approach on a number of potential outcomes for an event of such magnitude. We find a positive impact on tourism and the ratio between prices in the centre and in the outskirts of the city. We also find, however, a positive effect on municipal per capita debt. Other variables that are often advertised as the main beneficiaries of the staging of an event such as the Olympics (value added per capita, employment rate, trade openness and the level of house prices) show no significant improvement