The economic impacts of the 2018 Winter Olympics
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Jeremy Wood [3] ; Samuel Meng [1] [2]
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[1] Henan Agricultural University
Henan Agricultural University
China
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[2] Griffith University
Griffith University
Australia
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[3] Greater London Council, UK
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- Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 27, Nº. Extra 7, 2021 (Ejemplar dedicado a: Workshop on “Tourists as Consumers, Visitors, Travelers”), págs. 1303-1322
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
The economic viability of the 2018 Pyeongchang Winter Olympics is still being debated. Using the latest available input–output tables and tourism data, this study estimates the short-run impact of the event. The estimated macroeconomic effect shows that tourism spending linked to the 2018 Winter Olympic Games has contributed W¼1.9 trillion to national output, which is greater than the operational cost of W¼1.7 trillion. It is estimated that the W¼11.5 trillion of infrastructural investment may have induced W¼18.5 trillion of gross domestic product for the national economy, so hosting the 2018 Winter Olympic Games is beneficial to South Korea. The sectoral effect shows that the increase in tourism demand benefits not only tourism sectors but also non-tourism sectors due to significant indirect and induced effects
