RBNZ estimates economic benefits from hosting major Rugby tournament

reserve-bank-of-new-zealand

The New Zealand 2011 Rugby World Cup is estimated to boost growth in New Zealand by around 1.4% of quarterly gross domestic product (GDP), a paper published by the Reserve Bank of New Zealand on Thursday, said.

Adam Richardson, the paper's author, attempts to estimate the macroeconomic impact the Rugby World Cup, which starts on September 9, will have on the New Zealand economy. Richardson is interested in how the tournament affects domestic economic activity, capacity pressures and New Zealand

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