Measuring the cost of COVID-19 in terms of the rise in the unemployment rate: The case of Spain

In this article, we aim to estimate what the cost of Covid-19 has been in terms of unemployment for Spain. We use a simple autoregressive model to simulate what the unemployment rate would have been without the pandemic and we compare this with the actual values. We also forecast the unemployment rate for 2021 and 2022 to analyse the persistence of the pandemic shock to unemployment.

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Year of publication:	2021
Authors:	Cuestas, Juan Carlos ; Ordóñez, Javier ; Monfort, Mercedes
Published in:	Economics: The Open-Access, Open-Assessment Journal. - ISSN 1864-6042. - Vol. 15.2021, 1, p. 112-114
Publisher:	Berlin : De Gruyter
Subject:	Covid-19 \| persistence \| Spain \| unemployment

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1515/econ-2021-0009 [DOI] 1794924027 [GVK]
Classification:	C22 - Time-Series Models ; F15 - Economic Integration
Source:	EconStor

Persistent link: https://www.econbiz.de/10015100664