Measuring the Cost of Covid-19 in Terms of the Rise in the Unemployment Rate: The Case of Spain

Juan Cuestas, Javier Ordóñez and Monfort Mercedes
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Monfort Mercedes: Department of Economics and IEI, Jaume I University, Castellón de la Plana, Spain

Economics - The Open-Access, Open-Assessment Journal, 2021, vol. 15, issue 1, 112-114

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.

Keywords: unemployment; Spain; persistence; Covid-19 (search for similar items in EconPapers)
JEL-codes: C22 F15 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:econoa:v:15:y:2021:i:1:p:112-114:n:4

DOI: 10.1515/econ-2021-0009

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