 Covid-19 Pandemic Lockdown vs. Business Cycle Clock Registration of New Passenger Cars in European CountriesTadeusz Kufel European Research Studies Journal, 2021, vol. XXIV, issue Special 1 - Part 1, 875-890 Abstract: Purpose: The aim of this article is to evaluate the impact of the lockdown caused by the Covid-19 pandemic on the economic situation measured by the number of new passenger cars registered in selected European countries. Design/Methodology/Approach: The assessment of economic changes was conducted using a business cycle clock (BCC) using the number of newly registered passenger cars. Use working day and seasonally adjusted - Car registration, a new passenger car monthly series, was estimated with a Hodrick-Prescott filter. Findings: The lockdown caused by the Covid-19 pandemic had a negative impact on the economy measured by newly registered cars. Practical Implications: The varying effects of the lockdown can be evaluated with a business cycle clock. Originality/Value: The study was based on monthly data up to October 2020 and showed the high usefulness of BCC results. Keywords: Lockdown; pandemic; Covid-19; economic crisis; business cycle; business cycle clock; Hodrick-Prescott filter; registration new passenger car. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxiv:y:2021:i:special1-part1:p:875-890 Access Statistics for this article More articles in European Research Studies Journal from European Research Studies Journal |
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