Analysis: it's good news if the event takes place in your town, but the benefits of the bounce are short-term at best
We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences Concert goers will pay for drinks, food, travel and even accommodation when attending a concert. This puts money in the pockets of business owners and their employees. Such benefits to local economies are well documented within economic literature. The town of Stradbally in Co. Laois will no doubt derive benefit from an increase in consumption because of the Electric Picnic.
From RTÉ Radio 1's Today with Claire Byrne, Dr Michael Murphy from IADT on the increasing anger over Ticketmaster's monopolistic role in the live music business The difference between short- and long-run growth can be considered the same as the difference between receiving money in your wage packet and receiving money in your birthday card. In both cases, it’s still money, but in one case you will receive the money the following week as well.