EconPapers    
Economics at your fingertips  
 

Okun's Law: The effects of the COVID-19 pandemic and the temporary layoffs procedures (ERTE) on Spanish regions

M. Sylvina Porras-Arena, Ángel Martín-Román (), Diego Dueñas Fernández and Raquel Llorente Heras
Authors registered in the RePEc Author Service: Raquel Llorente-Heras

No 1205, GLO Discussion Paper Series from Global Labor Organization (GLO)

Abstract: Official statistics indicated a break in Okun's law in all the Spanish regions due to the COVID-19 pandemic; however, herein, evidence of the validity of the law is shown. The temporary layoff procedures (ERTE) allowed many workers to maintain their jobs. From the productive point of view, the law remained in effect in the regions, showing a strong relationship between idle labour resources and economic activity, and from the social point of view, the apparent breakdown of the law can be interpreted as the implementation of a policy that mitigated the dramatic impact of the economic crisis.

Keywords: Okun's law; ERTE; expanded unemployment rate (search for similar items in EconPapers)
JEL-codes: E23 E24 J64 R23 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/266475/1/GLO-DP-1205.pdf (application/pdf)

Related works:
Journal Article: Okun’s Law: The effects of the COVID-19 pandemic and the temporary layoffs procedures (ERTEs) on Spanish regions (2024) Downloads
Working Paper: Okun’s Law: The effects of the COVID-19 pandemic and the temporary layoffs procedures (ERTE) on Spanish regions (2022) Downloads
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:zbw:glodps:1205

Access Statistics for this paper

More papers in GLO Discussion Paper Series from Global Labor Organization (GLO) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2025-03-22
Handle: RePEc:zbw:glodps:1205