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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.

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File URL: http://www.rbnz.govt.nz/research_and_publications/reserve_bank_bulletin/2012/2012sep75_3parkersteenkamp.pdf
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Bibliographic Info

Article provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.

Volume (Year): 75 (2012)
Issue (Month): (September)
Pages: 13-25

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Handle: RePEc:nzb:nzbbul:sep2012:06

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Cited by:
  1. Jeff Borland, 2014. "Recent Unemployment Experience in New Zealand," Treasury Working Paper Series 14/01, New Zealand Treasury.
  2. 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.
  3. Doyle, Lisa & Noy, Ilan, 2013. "The short-run nationwide Macroeconomic effects of the Canterbury earthquakes," Working Paper Series 2677, Victoria University of Wellington, School of Economics and Finance.

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