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All that Glitters is Not Gold

其他書名	The Economic Impact of the Turin Winter Olympics
出版	Banca d'Italia, 2021
URL	http://books.google.com.hk/books?id=V4p00AEACAAJ&hl=&source=gbs_api

註釋This paper provides an ex post evaluation of the 2006 Turin Winter Olympic Games by means of a synthetic control approach on a number of potential outcomes for an event of such magnitude. The authors find a positive impact on tourism and on the ratio between prices in the centre and in the outskirts of the city. However, they also find a positive effect on municipal per capita debt. Other variables that are often advertised as being the main beneficiaries of staging an event such as the Olympics (value added per capita, employment rate, trade openness and the average level of house prices) show no significant improvement.