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The economic impact of the Canterbury earthquakes

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Abstract

In late 2010 and in 2011, Canterbury endured a series of major earthquakes. Overall, the Canterbury economy has been reasonably resilient to the impact of the earthquakes, and the spillover to other regions in New Zealand has been limited. Goods exports and manufacturing activity appear to have held up well. Conversely, some sectors, notably retail, accommodation and hospitality, have been hard hit. International visitor numbers are sharply down, and there appears to have been some population loss from Christchurch. Repair and rebuild activity is under way and expected to accelerate from here, peaking in the next few years, but will take at least a decade to complete.

Suggested Citation

  • Miles Parker & Daan Steenkamp, 2012. "The economic impact of the Canterbury earthquakes," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 75, pages 13-25, September.
    • Handle: RePEc:nzb:nzbbul:sep2012:06
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    Cited by:

    1. Poontirakul, Porntida & Brown, Charlotte & Noy, Ilan & Seville, Erica & Vargo, John, 2016. "The role of commercial insurance in post-disaster recovery: Quantitative evidence from the 2011 Christchurch earthquake," Working Paper Series 19396, Victoria University of Wellington, School of Economics and Finance.
    2. Poontirakul, Porntida & Brown, Charlotte & Noy, Ilan & Seville, Erica & Vargo, John, 2016. "The role of commercial insurance in post-disaster recovery: Quantitative evidence from the 2011 Christchurch earthquake," Working Paper Series 4980, Victoria University of Wellington, School of Economics and Finance.
    3. Rebecca Craigie & David Gillmore & Nicolas Groshenny, 2012. "Matching workers with jobs:how well is the New Zealand labour market doing?," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 75, pages 3-12, December.
    4. Mark C. Quigley & Luke G. Bennetts & Patricia Durance & Petra M. Kuhnert & Mark D. Lindsay & Keith G. Pembleton & Melanie E. Roberts & Christopher J. White, 2019. "The provision and utility of science and uncertainty to decision-makers: earth science case studies," Environment Systems and Decisions, Springer, vol. 39(3), pages 307-348, September.
    5. Rebecca Williams, 2017. "Business cycle review: 2008 to present day," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 80, pages 1-22, March.
    6. Bachar Fakhry & Christian Richter, 2018. "Does the Federal Constitutional Court Ruling Mean the German Financial Market is Efficient?," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 4(2), pages 111-125.
    7. Lisa Doyle & Ilan Noy, 2015. "The short-run nationwide macroeconomic effects of the Canterbury earthquakes," New Zealand Economic Papers, Taylor & Francis Journals, vol. 49(2), pages 134-156, August.
    8. Miles Parker, 2018. "The Impact of Disasters on Inflation," Economics of Disasters and Climate Change, Springer, vol. 2(1), pages 21-48, April.
    9. Levente Timar & Arthur Grimes & Richard Fabling, 2018. "Before a Fall: Impacts of Earthquake Regulation on Commercial Buildings," Economics of Disasters and Climate Change, Springer, vol. 2(1), pages 73-90, April.
    10. Dhritidyuti Bose & Renee Philip & Richard Sullivan, 2016. "Returning to Surplus: New Zealand's Post-GFC Fiscal Consolidation Experience," Treasury Working Paper Series 16/05, New Zealand Treasury.
    11. Palmer, Carolyn, 2014. "'Flood and fire and famine': Tax policy lessons from the Australian responses to natural disasters," Working Paper Series 18858, Victoria University of Wellington, Chair in Public Finance.
    12. Maria Makabenta Ikeda & Arlene Garces-Ozanne, 2016. "Human Security, Social Competence and Natural Disasters in Japan and New Zealand: A Case study of Filipino migrants," Japan Social Innovation Journal, University of Hyogo Institute for Policy Analysis and Social Innovation, vol. 6(1), pages 1-42, March.
    13. Morrish, Sussie C. & Jones, Rosalind, 2020. "Post-disaster business recovery: An entrepreneurial marketing perspective," Journal of Business Research, Elsevier, vol. 113(C), pages 83-92.
    14. Yuming Fu & Song Shi, 2022. "Barriers to urban spatial development: Evidence from the 2010–2011 Christchurch earthquakes," Journal of Regional Science, Wiley Blackwell, vol. 62(1), pages 218-245, January.
    15. Cuffe, Harold E & Wills, Olivia, 2018. "Opportunity from disaster: Evidence of the Christchurch earthquake’s effects on high schoolers’ post-graduation outcomes," Working Paper Series 7891, Victoria University of Wellington, School of Economics and Finance.
    16. Azmat Gani & Michael D. Clemes, 2017. "The main determinants effecting international visitor arrivals in New Zealand," Tourism Economics, , vol. 23(5), pages 921-940, August.
    17. Lopamudra Banerjee, 2021. "Natural hazard, employment uncertainty, and the choice of labor contracts," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(2), pages 227-252, April.
    18. Diego D'iaz & Pablo Paniagua & Cristi'an Larroulet, 2024. "Earthquakes and the wealth of nations: The cases of Chile and New Zealand," Papers 2405.12041, arXiv.org.
    19. Sin Meun How & Geoffrey N. Kerr, 2019. "Earthquake Impacts on Immigrant Participation in the Greater Christchurch Construction Labor Market," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 38(2), pages 241-269, April.
    20. Vicki Marion Bier, 2017. "Understanding and Mitigating the Impacts of Massive Relocations Due to Disasters," Economics of Disasters and Climate Change, Springer, vol. 1(2), pages 179-202, July.
    21. Amy Wood & Ilan Noy & Miles Parker, 2016. "The Canterbury rebuild five years on from the Christchurch earthquake," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 79, pages 1-16, February.
    22. Palmer, Carolyn, 2014. "'Flood and fire and famine': Tax policy lessons from the Australian responses to natural disasters," Working Paper Series 3718, Victoria University of Wellington, Chair in Public Finance.
    23. Jeff Borland, 2014. "Recent Unemployment Experience in New Zealand," Treasury Working Paper Series 14/01, New Zealand Treasury.
    24. Cuffe, Harold E & Wills, Olivia, 2018. "Opportunity from disaster: Evidence of the Christchurch earthquake’s effects on high schoolers’ post-graduation outcomes," Working Paper Series 20850, Victoria University of Wellington, School of Economics and Finance.
    25. Lisa Doyle & Ilan Noy, 2015. "The short-run nationwide macroeconomic effects of the Canterbury earthquakes," New Zealand Economic Papers, Taylor & Francis Journals, vol. 49(2), pages 134-156, August.

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