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The Impact of Successful Bid for 2022 Beijing Winter Olympic Games on Local Economic and Social Lives
- 1 Department of economics, Chinese University of Hong Kong, Hong Kong, 999077, China
- 2 Department of economics, Chinese University of Hong Kong, Hong Kong, 999077, China
- 3 Department of cultural management, Communication University of China, Nanjing, 211172, China
* Author to whom correspondence should be addressed.
Abstract
Our paper examines the impact of the bid for Beijing Winter Olympic Games on social economy and society with data from 2010 to 2020.In this project, regression discontinuity design (RDD) is applied to analyze the changes of GDP, residential income per capital and CPI's response to the five independent variables related to the successful bid for Winter Olympics: time dummy, infrastructure investment, cultural and athletic expenditures, international travel income and the number of sports venues. Our results show that the effects of bid for Winter Olympics on GDP and residential income per capita are insignificant, while the effects of bid on CPI are significantly positive. The influential path from bid to CPI is through the three variables above: cultural and athletic expenditures, international travel income and the number of sports venues.
Keywords
GDP, CPI, regression discontinuity design, residential income per capita, Beijing Winter Olympic Games
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Cite this article
Li,J.;Wang,X.;Sun,S. (2023). The Impact of Successful Bid for 2022 Beijing Winter Olympic Games on Local Economic and Social Lives. Advances in Economics, Management and Political Sciences,3,154-164.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
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