Vliv veřejných výdajů na úspěch na olympijských hrách

This paper examines the effect of public spending on the medal share at the Summer Olympics. Based on the results of the literature search, the main hypothesis is that higher public spending on recreation and sports services increases the medal share at the Summer Olympics. The hypothesis was further extended to include the idea that gender and sport type may be related in the relationship between the level of public expenditure on sport and the proportion of medals won at the Summer Olympics, i.e. that government expenditure on sport will have a greater effect on the proportion of medals won by traditionally 'less well-supported groups' (specifically women and sports that 'bring in' less revenue and spectator attendance). The analysis was carried out using the Tobit regression model in EViews. The results of the analysis show that public spending on recreation and sports services is statistically significant only for male disciplines in both upper and lower quartiles. This result is inconsistent with the assumption that public funding has a more pronounced impact on traditionally underserved groups (women), perhaps suggesting that much of this funding is directed towards activities that benefit men's sport.