Analysing Winter Olympic Medals Through Economic Variables: A Comprehensive Examination

Murat Aygün; Yunus Savaş

Makale detayları

Analysing Winter Olympic Medals Through Economic Variables: A Comprehensive Examination

Yazarlar:

Murat Aygün | Yunus Savaş

Yayıncı:

Ataturk University

Ana Başlıklar:

Spor Faaliyetleri Yönetimi

Dergi:

Research in Sport Education and Sciences Vol.26 Issue 4, pp.197-209

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001335063

pISSN:

2822-3527

Anahtar kelimeler:

Özet:

 The impact of economic development holds considerable significance across various domains, including the realm of sports, which has been extensively explored in existing literature. To establish this relationship between Olympic performance and economic factors, an examination was conducted on the medals obtained by countries during Winter Olympic Games spanning the game period from 1960 to 2018. The results of the Pedroni cointegration test signify the presence of a robust co-integration relationship across all test statistics conducted The Panel ARDL analysis reveals that Real GDP emerges as the singular influential factor affecting countries medal scores in the long term, achieving statistical significance at the 1 level. Additionally, labor compensation exerts a discernible impact, albeit at a 10 significance level. Notably, in the short term, none of these variables exhibit any influence on medal scores, a finding corroborated by the results from the panel PMG analysis. Furthermore, among all variables examined, only Real GDP demonstrates Granger causality concerning medal scores. In contrast, none of the other variables exhibit a Granger causative relationship with medal scores. This profound insight underscores the specific and substantial role played by Real GDP in shaping the dynamics of medal scores, highlighting its unique influence on medal success.

 The impact of economic development holds considerable significance across various domains, including the realm of sports, which has been extensively explored in existing literature. To establish this relationship between Olympic performance and economic factors, an examination was conducted on the medals obtained by countries during Winter Olympic Games spanning the game period from 1960 to 2018. The results of the Pedroni cointegration test signify the presence of a robust co-integration relationship across all test statistics conducted The Panel ARDL analysis reveals that Real GDP emerges as the singular influential factor affecting countries medal scores in the long term, achieving statistical significance at the 1 level. Additionally, labor compensation exerts a discernible impact, albeit at a 10 significance level. Notably, in the short term, none of these variables exhibit any influence on medal scores, a finding corroborated by the results from the panel PMG analysis. Furthermore, among all variables examined, only Real GDP demonstrates Granger causality concerning medal scores. In contrast, none of the other variables exhibit a Granger causative relationship with medal scores. This profound insight underscores the specific and substantial role played by Real GDP in shaping the dynamics of medal scores, highlighting its unique influence on medal success.

 The impact of economic development holds considerable significance across various domains, including the realm of sports, which has been extensively explored in existing literature. To establish this relationship between Olympic performance and economic factors, an examination was conducted on the medals obtained by countries during Winter Olympic Games spanning the game period from 1960 to 2018. The results of the Pedroni cointegration test signify the presence of a robust co-integration relationship across all test statistics conducted The Panel ARDL analysis reveals that Real GDP emerges as the singular influential factor affecting countries medal scores in the long term, achieving statistical significance at the 1 level. Additionally, labor compensation exerts a discernible impact, albeit at a 10 significance level. Notably, in the short term, none of these variables exhibit any influence on medal scores, a finding corroborated by the results from the panel PMG analysis. Furthermore, among all variables examined, only Real GDP demonstrates Granger causality concerning medal scores. In contrast, none of the other variables exhibit a Granger causative relationship with medal scores. This profound insight underscores the specific and substantial role played by Real GDP in shaping the dynamics of medal scores, highlighting its unique influence on medal success.

 The impact of economic development holds considerable significance across various domains, including the realm of sports, which has been extensively explored in existing literature. To establish this relationship between Olympic performance and economic factors, an examination was conducted on the medals obtained by countries during Winter Olympic Games spanning the game period from 1960 to 2018. The results of the Pedroni cointegration test signify the presence of a robust co-integration relationship across all test statistics conducted The Panel ARDL analysis reveals that Real GDP emerges as the singular influential factor affecting countries medal scores in the long term, achieving statistical significance at the 1 level. Additionally, labor compensation exerts a discernible impact, albeit at a 10 significance level. Notably, in the short term, none of these variables exhibit any influence on medal scores, a finding corroborated by the results from the panel PMG analysis. Furthermore, among all variables examined, only Real GDP demonstrates Granger causality concerning medal scores. In contrast, none of the other variables exhibit a Granger causative relationship with medal scores. This profound insight underscores the specific and substantial role played by Real GDP in shaping the dynamics of medal scores, highlighting its unique influence on medal success.

Makale detayları

Analysing Winter Olympic Medals Through Economic Variables: A Comprehensive Examination

Yazarlar:

Murat Aygün | Yunus Savaş

Yayıncı:

Ataturk University

Ana Başlıklar:

Spor Faaliyetleri Yönetimi

Dergi:

Research in Sport Education and Sciences Vol.26 Issue 4, pp.197-209

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001335063

pISSN:

2822-3527

Economic growth

olympic

olympic medals

olympic performance

winter olympic games

Sayı

Makale detayları

Analysing Winter Olympic Medals Through Economic Variables: A Comprehensive Examination

Yazarlar: Murat Aygün | Yunus Savaş

Yayıncı: Ataturk University

Ana Başlıklar: Spor Faaliyetleri Yönetimi

Dergi: Research in Sport Education and Sciences Vol.26 Issue 4, pp.197-209

Belge Tipi: Makale

Yayın Tarihi: 12/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001335063

pISSN: 2822-3527

Economic growth

olympic

olympic medals

olympic performance

winter olympic games

Sayı

Yazarlar:

Murat Aygün | Yunus Savaş

Yayıncı:

Ataturk University

Ana Başlıklar:

Spor Faaliyetleri Yönetimi

Dergi:

Research in Sport Education and Sciences Vol.26 Issue 4, pp.197-209

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001335063

pISSN:

2822-3527