The economic impact of Tokyo 2020 Olympic Games that never happened
Koskinen, Tuomas (2022)
Koskinen, Tuomas
2022
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-202204135058
https://urn.fi/URN:NBN:fi:amk-202204135058
Tiivistelmä
Background
Hosting of events is often justified by the expected short- and long-term economic impacts and legacies. There are several frameworks to quantify these results to receive buy-in from stakeholders. Hosting the Summer Olympics requires much long-term planning, and infrastructure expenses and their expected outcomes are outlined in detail. The cost of hosting a mega-event has rapidly increased during the past decades, thus hosting the Tokyo 2020 Olympic Games under a worldwide pandemic provides an opportunity to examine these effects and discuss the possible way for the Olympic Games to go forward.
Task and objective are to quantify the gap between the expected economic impact and reality while gaining a deeper understanding of these impacts from the perspective of local stakeholders from the social perspective.
Implementation methods used were a mix of quantitative research methods in the form of economic data and statistics, as well as qualitative research methods by conducting semi-structured interviews.
Results indicate that while there is a gap between the expected economic impact gained by hosting the Tokyo 2020 Summer Olympic Games and reality, it is not substantial from the perspective of economic growth for Japan. However, the long-lasting social aspects of hosting the Games during the worldwide pandemic will linger, and quantifying of long-term economic impact will require further research.
The conclusions withhold the answer to the two main research questions and indicate that social legacies and the long-term image of Japan were seen as much more important than short-term economic gain. Understanding how to further leverage non-host cities and activate local communities are recommended topics for further research.
Hosting of events is often justified by the expected short- and long-term economic impacts and legacies. There are several frameworks to quantify these results to receive buy-in from stakeholders. Hosting the Summer Olympics requires much long-term planning, and infrastructure expenses and their expected outcomes are outlined in detail. The cost of hosting a mega-event has rapidly increased during the past decades, thus hosting the Tokyo 2020 Olympic Games under a worldwide pandemic provides an opportunity to examine these effects and discuss the possible way for the Olympic Games to go forward.
Task and objective are to quantify the gap between the expected economic impact and reality while gaining a deeper understanding of these impacts from the perspective of local stakeholders from the social perspective.
Implementation methods used were a mix of quantitative research methods in the form of economic data and statistics, as well as qualitative research methods by conducting semi-structured interviews.
Results indicate that while there is a gap between the expected economic impact gained by hosting the Tokyo 2020 Summer Olympic Games and reality, it is not substantial from the perspective of economic growth for Japan. However, the long-lasting social aspects of hosting the Games during the worldwide pandemic will linger, and quantifying of long-term economic impact will require further research.
The conclusions withhold the answer to the two main research questions and indicate that social legacies and the long-term image of Japan were seen as much more important than short-term economic gain. Understanding how to further leverage non-host cities and activate local communities are recommended topics for further research.