Men, money, and medals : an econometric analysis of the Olympic Games

Hon Kwong LUI; Wing SUEN

doi:10.1111/j.1468-0106.2007.00386.x

Men, money, and medals : an econometric analysis of the Olympic Games

Hon Kwong LUI, Wing SUEN

Department of Marketing and International Business

Research output: Journal Publications › Journal Article (refereed) › peer-review

39 Citations (Scopus)

Abstract

Population size and the level of income per capita are major determinants of the number of medals won by a country in the 1952–2004 Olympic Games. A parsimonious count (Poisson) model fits the data very well: the squared correlation between the predicted value of the number of medals won and the observed value is about 56%. There exist strong country-specific effects in Olympic medals results. While the USA and China tend to outperform other countries relative to their size and income, the Asian dragons tend to under-perform in the Games.

Original language	English
Pages (from-to)	1-16
Number of pages	16
Journal	Pacific Economic Review
Volume	13
Issue number	1
DOIs	https://doi.org/10.1111/j.1468-0106.2007.00386.x
Publication status	Published - 1 Feb 2008

Access to Document

10.1111/j.1468-0106.2007.00386.x

Cite this

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title = "Men, money, and medals : an econometric analysis of the Olympic Games",

abstract = "Population size and the level of income per capita are major determinants of the number of medals won by a country in the 1952–2004 Olympic Games. A parsimonious count (Poisson) model fits the data very well: the squared correlation between the predicted value of the number of medals won and the observed value is about 56%. There exist strong country-specific effects in Olympic medals results. While the USA and China tend to outperform other countries relative to their size and income, the Asian dragons tend to under-perform in the Games.",

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