Daily Archives: July 19, 2012

Calculating the economic impact of the Olympics is a Herculean task with different meanings for different authors. At its most basic, some try to estimate the effect on national output of staging the games and building the venues. More sophisticated studies attempt a proper economic cost-benefit analysis, in which the costs and benefits of building the infrastructure are measured as well as the costs and benefits of hosting the event. For London 2012, a sophisticated analysis has proved beyond most researchers.