The Research On Olimpic Economic Effect Of Beijing Based On General Equilibrium Theory

The Olympic Games had been hold for hundred years, but the concept of Olympic Games Economy does not naturally form from the Olympic Games. After the Los Angeles Olympic Games introduced the pattern of commercial operation in 1984, this caused the pattern to start to occupy the dominant position. The economic value of Olympic Games is paid attention, Olympic Games Economy come into being. Hereafter, Olympic Games organization committee and host city of each session unceasingly find deeply the economic value of Olympic Games, and the impetus function of the Olympic Games to the economy development of the city and nation is gradually obviously. Beijing will sponsors the Olympic Games in 2008, this inevitably has the profound influence to the Beijing area and other areas of China. But the Olympic Games Economy also is a double-edged sword, if fully using the Olympic Games resources can impetus the development of the sponsors city and the national economy, otherwise the Olympic Games also can cause their economy to fall into the trough.This article applied the general equilibrium theory to construct CGE(Computable General Equilibrium) model of 2,008 Beijing Olympic Games Economy, and compiled the SAM table of Beijing Olympic Games Economy based CGEthe model. Then carried on the estimation to the main exogenous variable, and conducted the real diagnosis research the economical effect and industrial impact Beijing Olympic Games according to the scene design.Firstly, this article research the General Equilibrium Theory and the conducting mechanism of CGE model systemically. But after the basic principle of the CGE model was given according to the General Equilibrium Theory. According to above principle we deduct the model main function, including the production function, the trade function, the consume function and its expand function. Then we made the corresponding analysis to the common four kind of closed rules for choosing the suitable macroscopic closed principle to determine which variables exogenous, which variables endocentric.The research of the Beijing Olympic Games economy influence double region CGE model, this model contains two economic regions, namely Beijing and domestic other areas. The two areas have respective production and the demand structure, between the area through the commodity trade, the essential factor flow but the inter dependence. The basic thought of model still was in the simulation macro-economy movement produces induce the income, the income bring the demand, and the demand impetus production cyclic process. To produces the module, the trade module, the income assignment module, the expense demand module, the balanced closed module, the dynamic recursion module according to the basic thought separately carries on the analysis, and produces the related equation.During the model data collection and processing, we established SAM table of Beijing Olympic Games Economy CGE model according to the basic principle of SAM. In order to the general equilibrium model become the calculable model, we must give the starting value for the model in exogenous variable and all parameters. And providing the comprehensive, the uniformity and the balanced data for the model to satisfy comprehensive, the uniformity and the balanced data often becomes the precondition of the model simulation. Base on Beijing Olympic Games Economy CGEin the model SAM table make the balance processing to SAM table. The model to demarcate and the solution use the GAMS method, and carries on the estimate to the main exogenous variable.Finally, the article makes the empirical research to the areas industrial impact and the Beijing Olympic Games Economy effect. The scene design is does not have the Olympic Games the datum scene. In this scene, supposition Beijing and the national other areas economies still maintained the former economical growth tendency, but the indirect investment which and carried on ahead of time by the Olympic Games primarily direct investment has not occurred. After wards designs will be the Olympic Games scene, this scene supposition Olympic Games' investment will be able as scheduled to carry on. According to this scene design, has simulated the Olympic Games Economy from the Beijing area and the domestic other local 2 aspects to the home in the long-term economical influence with the Olympic Games economy to the area between the industrial impact.During the research of this paper, the author try to take advantage of the existed outcomes, thoroughly extracts the rational elements of General Equilibrium Theory, Olympic Games Economy Theory. This paper has created the new theoretical framework and approach of Olympic Games Economy, and devised CGE model of Beijing Olympic Games Economy. It makes the paper innovative in theory, and in instructive in practice for the establishment of Olympic investment policies.