Abstract
The legacy of participating in Olympic Games has not been extensively researched when it is compared with the huge literature of bidding/hosting Olympic Games and the determinants of Olympic success and failures in winning Olympic medals. This paper addresses this issue descriptively by emphasizing the need to do more theoretical and empirical research to explain why so many countries and athletes participate at the Olympic Games even though they have no chance of winning any medal and/or bid and host future Olympic Games. Apart from the personal joy of the participating athlete and the national pride of a participating country, one possible additional explanation might be the human capital generated by participating which can be used to promote youth and grassroot sport participation. The extent that this has been used by national sports policy authorities is suggested to be the subject of future empirical research. Keywords: Olympic Games, sports participation, cost-benefit analysis, Olympic legacy, Olympic medals, national sports policy
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