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An ex-post analysis of the 2004 Olympic effect / Gregory T. Papanikos
In this article, Gregory T. Papanikos evaluates the effects of the Athens 2004 Olympic Games on Greece’s Gross Domestic Product (GDP), as he estimated in a previous study in 1999. In this previous study, estimates were made in 1997 for a fourteen-year period, 1998-2011, based on different scenarios. During this period, two events had a large impact on GDP that could have been predicted in 1997: Greece adopted the euro in 2002 and the Great Recession hit the Greek economy hard from 2008. These two effects had a negative impact on Greek GDP, wiping out the expected positive effects of the Olympic Games.
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