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Measuring the Cost of Covid-19 in Terms of the Rise in the Unemployment Rate: The Case of Spain
- Source :
- Economics: Journal Articles, Vol 15, Iss 1, Pp 112-114 (2021)
- Publication Year :
- 2021
- Publisher :
- De Gruyter, 2021.
-
Abstract
- 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.
Details
- Language :
- English
- ISSN :
- 18646042
- Volume :
- 15
- Issue :
- 1
- Database :
- Directory of Open Access Journals
- Journal :
- Economics: Journal Articles
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.99cc19b2a3e54f429137437cacf0402c
- Document Type :
- article
- Full Text :
- https://doi.org/10.1515/econ-2021-0009