Long-Lasting Economic Effects of Pandemics: Evidence on Growth and Unemployment
Published in Econometrics, 2020
Recommended citation: Rodríguez-Caballero, C.V., and Vera-Valdés, J.E. (2020). "Long-Lasting Economic Effects of Pandemics: Evidence on Growth and Unemployment." Econometrics. 8(37). https://www.mdpi.com/2225-1146/8/3/37
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This paper studies long economic series to assess the long-lasting effects of pandemics. We find that shocks originated by pandemics seem to have a permanent effect on growth. Moreover, our results show that the unemployment rate increases and becomes more persistent after a pandemic.
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