Bachelorarbeit, 2015
40 Seiten, Note: 1.0
This work aims to investigate the methodology of existing London 2012 impact-studies, specifically examining whether they adopted a holistic approach to assess the regional economic impact. It seeks to understand the shortcomings of traditional economic impact methods, explore adjusted methods used in practice, delve into an advanced methodological concept, and analyze current ex-ante and ex-post impact studies on the 2012 Olympic Games.
This work focuses on the economic impact of one-time major sporting events, particularly the London 2012 Olympic Games. Key areas of focus include regional economic impact analysis, event impact assessment, traditional and adjusted methodologies, input-output analysis, computable general equilibrium models, multiplier effects, cost-benefit analysis, and regional primary impact. The study examines existing impact studies and critically analyzes their methodologies to provide a comprehensive understanding of the economic impact of such events.
The study aimed to examine existing economic impact evaluations of the London 2012 Olympics and explore advanced methods for assessing regional impacts beyond traditional models.
Traditional IOA often exaggerates economic impacts and fails to address opportunity costs or specific economic situations accurately.
The Computable General Equilibrium (CGE) approach is considered a more comprehensive model, though it still faces challenges regarding subjectivity in evaluation.
Because major events like the Olympics have highly concentrated effects on specific host cities; a national-level analysis might miss the specific regional economic shifts.
The review found that while various models (CGE, CBA, IOA) were used, there is still a lack of sufficient investigation into the specific regional impact on the British capital.
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