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Lockdown Leaves $283 Million Unspent In Canterbury

Friday, 30 July 2021, 12:30 pm
New research has found a $283 million difference in
retail spending in Canterbury between 2019 and 2020 due to
the Covid-19 Lockdown.
Covid-19, the effect of
lockdowns on retail expenditure and displacement effects on
the regional economy, was co-authored By Lincoln
University’s Dr David Dyason, with Peter Fieger of the
University of New England, and Riaan Rossouw, from South
Africa’s North-West University.
The study looked at
the impact of reduced retail spending from the urban
Christchurch population on the wider-regional economy
through the inter-and intra-regional economic effects of the
COVID-
19 lockdown.
The results reveal how
consumer spending variations has far-reaching consequences ....

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