Original scientific paper
https://doi.org/10.1080/1331677X.2021.1912627
COVID-19 pandemic and unemployment dynamics in European economies
Chi-Wei Su
Ke Dai
Sana Ullah
Zubaria Andlib
Abstract
This study goal to scrutinize the influences of the COVID-19 pandemic on unemployment in five selected European economies. To
this end, the study uses a Fourier causality test for the period of
December-2019 to December-2020. In Z-test results, Germany,
Spain, and the UK have a significant positive change in
unemployment due to COVID-19. The finding shows that COVID19 cases cause unemployment for Germany, Italy, and the UK.
Moreover, in terms of deaths, COVID-19 also causes unemployment in Italy and UK. Overall, the study’s outcomes highlight that
the pandemic increases the unemployment rate robustly in the
mostly European economies. That is one of the rare negative
effects of the virus on the European labor market. Novel COVID19 findings provide a reliable guide to the future policy implication for the labor market. An active labor market policy will be
needed to be in front of the world urgently
Keywords
COVID-19; European economies; labor market; unemployment rate
Hrčak ID:
302234
URI
Publication date:
31.3.2023.
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