This paper is published in Volume-5, Issue-3, 2019
Area
Sports Economics
Author
Prithvi Singh Rai
Org/Univ
Independant Researcher, India
Pub. Date
12 June, 2019
Paper ID
V5I3-1845
Publisher
Keywords
Olympic Games, Demographic

Citationsacebook

IEEE
Prithvi Singh Rai. Economic evaluation of the Olympic Games, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Prithvi Singh Rai (2019). Economic evaluation of the Olympic Games. International Journal of Advance Research, Ideas and Innovations in Technology, 5(3) www.IJARIIT.com.

MLA
Prithvi Singh Rai. "Economic evaluation of the Olympic Games." International Journal of Advance Research, Ideas and Innovations in Technology 5.3 (2019). www.IJARIIT.com.

Abstract

The purpose of this paper and study i.e. to figure which key economic factors can help us explain country performance (medals) in the Olympics. The paper focuses on 3 key objectives, namely: To produce a list of possible key economic factors that can explain Olympic performance. To produce a simple Mathematical model based on these factors which could possibly predict the Olympic tally at a country level. To identify the degree to which these factors will influence Olympic performance The study has been carried out in a way to develop a conceptual model and to analyze the hypotheses. I have considered the Beijing Olympics 2008 Games, sampled with 83 countries and 946 medals for the study. Based on the findings of the study, a few recommendations have been made, which if implemented in developing countries like India, may contribute to improving the sport performance of these countries in the future.
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