Featured Research

from universities, journals, and other organizations

Medal model predicts Winter Olympics leaders

Date:
November 28, 2013
Source:
Inderscience
Summary:
Sochi on the Black Sea coast in Russia will host the XXII Olympic Winter Games and XI Paralympic Winter Games in 2014 which country will win what number of medals is open to debate. A study published suggests that the USA will win the most models followed by Germany and Canada and then Russia, with China arriving ninth.

Sochi on the Black Sea coast in Russia will host the XXII Olympic Winter Games and XI Paralympic Winter Games in 2014 which country will win what number of medals is open to debate. A study published in the International Journal of Economic Policy in Emerging Economies suggest that the USA will win the most models followed by Germany and Canada and then Russia, with China arriving ninth.

Economist, Wladimir Andreff, based in Lιdignan, France, suggests that gross domestic product (GDP) is the major determinant of medal winners at the Olympics. Various other factors play a minor role in the final outcome and he has now analysed the relevant economics data from the nations taking part in the Games from 1964 to 2010 to arrive at a leader board for next year's Winter Olympics. He adds that given the rapid economic growth of China it is only a matter of time before it reaches one of the top slots.

Andreff has calculated that per capita GDP, a nation's population and the endowment it receives in ski and winter sports resorts can predict the outcome of the Winter Games with a degree of certainty. His prediction conflicts, of course, with the Russian government's suggestion that the Russian Federation will be overall winner in Sochi. This is despite the outstanding performance of the host nation at the 2008 Beijing Summer Games. He points out that The former Soviet Union was for many decades a top-ranking Olympic performer at both the Summer and Winter Games finding itself ahead of or second only to the USA .However, economic and political transition and the break-up of the USSR have disrupted the medal haul for the former high achiever, suggests Andreff.

Of course, surprises often happen in sport. "My predictions on the Winter Olympics should be taken with a pinch of salt," Andreff concedes. Russia has not recovered well from the world banking crisis despite its growth following the 1998 recession. China meanwhile is growing rapidly. The biggest of surprises might be that China overtakes other nations sooner rather than later as it did in Beijing and that Russia slides further down the medals table. However, retrospective prediction of the 2008 Olympics based on Andreff's system correctly identified the medal leaders, so his medal model may well turn out to be right again, just don't bet on it.


Story Source:

The above story is based on materials provided by Inderscience. Note: Materials may be edited for content and length.


Journal Reference:

  1. Wladimir Andreff et al. Economic development as major determinant of Olympic medal wins: predicting performances of Russian and Chinese teams at Sochi Games. Int. J. Economic Policy in Emerging Economies, November 2013

Cite This Page:

Inderscience. "Medal model predicts Winter Olympics leaders." ScienceDaily. ScienceDaily, 28 November 2013. <www.sciencedaily.com/releases/2013/11/131128103833.htm>.
Inderscience. (2013, November 28). Medal model predicts Winter Olympics leaders. ScienceDaily. Retrieved September 17, 2014 from www.sciencedaily.com/releases/2013/11/131128103833.htm
Inderscience. "Medal model predicts Winter Olympics leaders." ScienceDaily. www.sciencedaily.com/releases/2013/11/131128103833.htm (accessed September 17, 2014).

Share This



More Science & Society News

Wednesday, September 17, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Stocks Hit All-Time High as Fed Holds Steady

Stocks Hit All-Time High as Fed Holds Steady

AP (Sep. 17, 2014) — The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar. Stocks hit an all-time high on the news. (Sept. 17) Video provided by AP
Powered by NewsLook.com
Some Tobacco Farmers Thrive Amid Challenges

Some Tobacco Farmers Thrive Amid Challenges

AP (Sep. 16, 2014) — The South's tobacco country is surviving, and even thriving in some cases, as demand overseas keeps growers in the fields of one of America's oldest cash crops. (Sept. 16) Video provided by AP
Powered by NewsLook.com
Space Race Pits Bezos Vs Musk

Space Race Pits Bezos Vs Musk

Reuters - Business Video Online (Sep. 16, 2014) — Amazon CEO Jeff Bezos' startup will team up with Boeing and Lockheed to develop rocket engines as Elon Musk races to have his rockets certified. Fred Katayama reports. Video provided by Reuters
Powered by NewsLook.com
President To Send 3,000 Military Personnel To Fight Ebola

President To Send 3,000 Military Personnel To Fight Ebola

Newsy (Sep. 16, 2014) — President Obama is expected to send 3,000 troops to West Africa as part of the effort to contain Ebola's spread. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
 
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:  

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:  

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile iPhone Android Web
Follow Facebook Twitter Google+
Subscribe RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins