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Post-tsunami reconstruction in Sri Lanka : assessing the economic impact

Ruddock, L; Amaratunga, RDG; Wanigaratne, N; Palliyaguru, RS

Authors

L Ruddock

RDG Amaratunga

N Wanigaratne

RS Palliyaguru



Abstract

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.

Citation

Ruddock, L., Amaratunga, R., Wanigaratne, N., & Palliyaguru, R. (2010). Post-tsunami reconstruction in Sri Lanka : assessing the economic impact. International Journal of Strategic Property Management, 14(3), 217-230. https://doi.org/10.3846/ijspm.2010.16

Journal Article Type Article
Acceptance Date Jun 14, 2010
Online Publication Date Jun 9, 2011
Publication Date Jan 1, 2010
Deposit Date Oct 11, 2010
Journal International Journal of Strategic Property Management
Print ISSN 1648-715X
Publisher Taylor and Francis
Peer Reviewed Peer Reviewed
Volume 14
Issue 3
Pages 217-230
DOI https://doi.org/10.3846/ijspm.2010.16
Publisher URL http://dx.doi.org/10.3846/ijspm.2010.16
Related Public URLs http://www.tandfonline.com/toc/tspm20/current