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

Hon Kwong LUI, Wing SUEN

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

28 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 languageEnglish
Pages (from-to)1-16
Number of pages16
JournalPacific Economic Review
Volume13
Issue number1
DOIs
Publication statusPublished - 1 Feb 2008

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Econometric analysis
Olympic Games
Asia
China
Income
Per capita income
Olympics
Poisson model

Cite this

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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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Men, money, and medals : an econometric analysis of the Olympic Games. / LUI, Hon Kwong; SUEN, Wing.

In: Pacific Economic Review, Vol. 13, No. 1, 01.02.2008, p. 1-16.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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N2 - 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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