Journal
EUROPEAN JOURNAL OF POLITICAL ECONOMY
Volume 61, Issue -, Pages -Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.ejpoleco.2019.101826
Keywords
Corruption; Mega-events; Panel data
Categories
Funding
- scientific committee of the Asociacion Libre de Economia
- Regional Government of Aragon
- European Fund of Regional Development (CASSETEM research group) [S-124]
- European Fund of Regional Development (Population Economics, Labor Market and Industrial Economics research group) [S32-17R]
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In recent decades, the media have covered many cases of corruption related to the celebration of mega-events around the globe. In most of these cases, politicians and other high officials are involved. This paper analyses the effect of hosting mega-events on the level of perceived corruption in 34 OECD countries, during 1996-2017. Summer and Winter Olympic Games, FIFA World Cups, and Universal Expositions are considered. Results show that, when we take the year of the celebration of the event as the turning point, there is no robust evidence in favour of a positive impact on perceived corruption. However, when we take the election date of the host country as the threshold, the magnitude of the effect is lasting, reaching its maximum value 1-2 years before the celebration itself, and increasing the perceived level of corruption by about 4%.
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