Post-Tsunami Reconstruction in Sri Lanka: Assessing the Economic Impact

• Authors: Les Ruddock , Dilanthi Amaratunga , Nadeeshani Wanigaratne , Roshani Palliyaguru

Title variants

LT

Atstatomieji darbai šri lankoje po cunamio: poveikio ekonomikai įvertinimas

Abstracts

EN

The "construction output shock" that was generated by the massive reconstruction programmes after the Indian Ocean tsunami in Sri Lanka spread through the economic system and was reflected in economic indicators due to the multiple linkages that the construction industry has with other economic sectors. On the ground, it was observed that the prices of construction materials, labour and plant rose suddenly in the affected regions making the reconstruction effort more costly. This paper considers the responses of major economic and construction indicators to the construction shock due to post-tsunami reconstruction and the amount of time needed before they returned to an equilibrium state. Empirical results indicate that the construction output shock had a significant impact on material, labour and equipment price indices in the short run but other indicators showed only a very marginal response indicating that the remoteness of the disaster would have delayed the propagation.

LT

Dėl didžiulių atstatymo programų, prasidėjusių Šri Lankoje po cunamio Indijos vandenyne, atsiradęs statybų šokas apėmė ekonominę sistemą ir padarė poveikį ekonominiams rodikliams, nes statybos pramonė turi daugybę sąsajų su kitais ūkio sektoriais. Pastebėta, kad nukentėjusiuose regionuose statybinių medžiagų, darbo ir įrangos kainos staiga išaugo, o atstatomoji veikla pabrango. Šiame straipsnyje nagrinėjama, kaip pagrindiniai ekonominiai ir statybos rodikliai reaguoja į statybų šoką, patirtą dėl atstatomųjų darbų po cunamio, kiek laiko reikia, kad rodikliai grįžtų į pusiausvyros būklę. Iš empirinių rezultatų matyti, kad trumpuoju laikotarpiu statybų apimties šokas gerokai paveikė medžiagų, darbo ir įrangos kainų rodiklius, bet kiti rodikliai kito labai nedaug, vadinasi, nelaimės atokumo atveju rodiklių sklaida būtų buvusi sulaikyta.

Keywords

EN

Disaster reconstruction; Construction shocks; Economic indicators; Sri Lanka

• Publisher: Sciendo
• Journal: International Journal of Strategic Property Management
• Year: 2010
• Volume: 14
• Issue: 3
• Pages: 217-230

Contributors

author

Les Ruddock

• School of the Built Environment, University of Salford, Salford, Greater Manchester M5 4WT, UK

author

Dilanthi Amaratunga

• School of the Built Environment, University of Salford, Salford, Greater Manchester M5 4WT, UK

author

Nadeeshani Wanigaratne

• Halcrow International Partnership, Sharjah, UAE

author

Roshani Palliyaguru

• School of the Built Environment, University of Salford, Salford, Greater Manchester M5 4WT, UK

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Identifiers

DOI

10.3846/ijspm.2010.16