The Anatomy of Unemployment: Determinants During and After the COVID-19 Crisis

Matus Senci, Lucia Svabova and Tomas Kliestik
Additional contact information
Matus Senci: University of Zilina, https://orcid.org/0009-0003-8824-8691
Lucia Svabova: University of Zilina, https://orcid.org/0000-0002-4722-4103
Tomas Kliestik: University of Zilina, https://orcid.org/0000-0002-3815-5409

Management Dynamics in the Knowledge Economy, 2024, vol. 12, issue 1, 86-100

Abstract: Unemployment is a factor that heavily influences the output of each economy. It is, therefore, one of the main concerns of any government worldwide. This study identifies key determinants of unemployment. By constructing an econometric model for the registered unemployment rate in Slovakia, the period from 2013 to 2022 was under scrutiny, while the impact of the COVID crisis was considered in the model through a dummy variable. Potential determinants of unemployment were selected based on theoretical knowledge and other scientific works, that is, average interest rates, gross minimum wage, GDP, inflation, exports, imports, government spending, corruption index, COVID-19 crisis, and month of the year. The final relevant factors for unemployment were tested and validated: interest rates, GDP, inflation, government spending, and exports. These study results may be valuable for the government when designing targeted interventions to optimise the unemployment rate in Slovakia or similar economies by influencing other macroeconomic indicators.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.managementdynamics.ro/index.php/journal/article/view/573 (application/pdf)
https://www.managementdynamics.ro/index.php/journal/article/view/573 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nup:jrmdke:v:12:y:2024:i:1:86-100

Access Statistics for this article

Management Dynamics in the Knowledge Economy is currently edited by Contantin BRATIANU, Florina PINZARU, Elena Madalina VATAMANESCU and Alexandra ZBUCHEA

More articles in Management Dynamics in the Knowledge Economy from College of Management, National University of Political Studies and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by Cristian-Mihai VIDU ().