Macroeconomic and Financial Analysis of Mega-Events: Modelling and Estimating the Impact of the 2004 Summer Olympic Games in Greece

The objective of this book is twofold. Firstly, to construct a small macroeconometric simulation and forecasting model for the Greek economy, which then is used as an instrument to assess the economic effects of staging a mega sporting event. Secondly, to identify whether a stock exchange reaction to a mega sporting event announcement exists. In this work these issues are examined within the context of the Summer Olympic Games. The book offers a fair picture of economic modelling, a step-by-step explanation of the procedure and work involved in developing and using the models. The book could be of interest to economists as well as to the researchers in Olympic Games modelling, while the outcomes may also improve the information available to policy makers and potential future hosts of mega sporting events.