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	<title>The Olympics Blog&#187; Taiwan, The Olympics Blog,</title>
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		<title>Richer Countries, More Medals?</title>
		<link>http://theolympianblog.com/china-to-increase-olympic-medals-by-14/</link>
		<comments>http://theolympianblog.com/china-to-increase-olympic-medals-by-14/#comments</comments>
		<pubDate>Thu, 13 Mar 2008 07:59:00 +0000</pubDate>
		<dc:creator>bill</dc:creator>
				<category><![CDATA[Beijing Olympics]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Hong Kong]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[South Korea]]></category>
		<category><![CDATA[Taiwan]]></category>
		<category><![CDATA[Predictions]]></category>

		<guid isPermaLink="false">http://theolympianblog.com/?p=14</guid>
		<description><![CDATA[Do we really need a study to tell us that richer countries win more Olympic medals? My mom will tell you that such a study is a waste of resources because the answer will obviously be, &#8220;Of course richer countries win more Olympic medals.&#8221;
Now, the good folks at the Lingnan University in Hongkong obviously disagree [...]]]></description>
			<content:encoded><![CDATA[<p>Do we really need a study to tell us that richer countries win more Olympic medals? My mom will tell you that such a study is a waste of resources because the answer will obviously be, &#8220;Of course richer countries win more Olympic medals.&#8221;</p>
<p>Now, the good folks at the Lingnan University in Hongkong obviously disagree with my mom (re: the usefulness of such study) so they set out to do an &#8220;<a href="http://www.huliq.com/51279/do-wealthier-countries-win-more-olympic-medals">econometric analysis of the Olympic Games</a>&#8220;. They whipped out their calculators, pored over Olympic medal records, examined the different countries&#8217; material wealth, did their statistical analysis thing, and came up with the following conclusion:<br />
<blockquote>The results of the study show that population and income do indeed have a substantial effect on the number of Olympic medals won.</p></blockquote>
<p>There&#8217;s really no need to translate that but we will &#8220;translate&#8221; it anyways because we want to, here it goes: &#8220;Richer countries with more people win more Olympic medals.&#8221;</p>
<p>So maybe my mom only got it half right. Not all rich countries win more medals. They also have to have more human resources, i.e., athletes, competing for them.</p>
<p><span id="more-14"></span></p>
<p>By the way, the really interesting part of the study as far as The Olympian Blog is concerned are the following medal predictions:<br />
<blockquote>* that China will increase its medal haul by 14% in the 2008 Beijing Olympics but it will remain in second place behind the United States</p>
<p>* that Japan and South Korea will have fewer medals compared to their medal harvest in the 2004 Olympic Games</p></blockquote>
<p>This is interesting because we will soon see in August if the Lingnan U folks got it right. We&#8217;ll keep you posted.</p>
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