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Research Papers, Lincoln University

Orientation: Large-scale events such as disasters, wars and pandemics disrupt the economy by diverging resource allocation, which could alter employment growth within the economy during recovery. Research purpose: The literature on the disaster–economic nexus predominantly considers the aggregate performance of the economy, including the stimulus injection. This research assesses the employment transition following a disaster by removing this stimulus injection and evaluating the economy’s performance during recovery. Motivation for the study: The underlying economy’s performance without the stimulus’ benefit remains primarily unanswered. A single disaster event is used to assess the employment transition to guide future stimulus response for disasters. Research approach/design and method: Canterbury, New Zealand, was affected by a series of earthquakes in 2010–2011 and is used as a single case study. Applying the historical construction–economic relationship, a counterfactual level of economic activity is quantified and compared with official results. Using an input–output model to remove the economy-wide impact from the elevated activity reveals the performance of the underlying economy and employment transition during recovery. Main findings: The results indicate a return to a demand-driven level of building activity 10 years after the disaster. Employment transition is characterised by two distinct periods. The first 5 years are stimulus-driven, while the 5 years that follow are demand-driven from the underlying economy. After the initial period of elevated building activity, construction repositioned to its long-term level near 5% of value add. Practical/managerial implications: The level of building activity could be used to confidently assess the performance of regional economies following a destructive disaster. The study results argue for an incentive to redevelop the affected area as quickly as possible to mitigate the negative effect of the destruction and provide a stimulus for the economy. Contribution/value-add: This study contributes to a growing stream of regional disaster economics research that assesses the economic effect using a single case study.

Images, UC QuakeStudies

Detail of damage to a house in Richmond. The brick wall is badly cracked and twisted. The photographer comments, "These photos show our old house in River Rd and recovery work around Richmond and St Albans. More ruptured brickwork".

Images, UC QuakeStudies

Prime Minister John Key preparing for a photograph with members of the USAID Disaster Assistance Response Team (DART) outside the US headquarters in Latimer Square. Canterbury Recovery Minister Jerry Brownlee is standing behind him.

Images, UC QuakeStudies

Members of the USAID Disaster Assistance Response Team (DART) photographed with their team leader, Al Dwyer, Prime Minister John Key, and Canterbury Earthquake Recovery Minister Gerry Brownlee, outside the US headquarters in Latimer Square.