COVID‐19, the Great Recession and Economic Recovery: A Tale of Two Crises

Ingham, Hilary

doi:10.1111/jcms.13383

“…It is the importance of the state as a labour market regulator, or the link between state interventions in the labour market and its evolution during a pandemic, that has been demonstrated by several authors (e.g. Milanović et al, 2023;Spencer et al, 2022;Aldieri et al, 2022;Soares & Berg, 2022;Ingham, 2022;Adamowicz, 2022).…”

Section: Discussionmentioning

confidence: 99%

Integral analysis of selected labour market indicators in the context of a Covid-19 pandemic

Húževka,

Masárová,

Navickas

2024

JESI

0

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Individual indicators linked to labour market developments during the COVID-19 pandemic provide a view of a particular area but fail to capture the issue of the impact of the crisis comprehensively. This problem can be addressed by integrating them using multicriteria methods, resulting in a synthetic indicator of a specific labour market. Thus, the issue of the impact of the pa ndemic on important macroeconomic and labour market indicators can be evaluated by calculating a single indicator. The main objecti ve of this study is to identify the labour market with the highest positive flexibility in relation to the impacts of the pandemic and thus reveal the critical factor that fundamentally reduces the resistance of the labour market to negative pandemic externalities. During the first wave of the COVID-19 pandemic (2020-Q2), Slovakia reached the highest value of the integral indicator, but in the last recorded wave (2022-Q1), it moved to the last place. Its average integral indicator for all three waves reached the highest average value. However, the highest value of the integral indicator and thus the highest positive flexibility of the labour market during the third wave was reco rded by Germany, which evokes the assumption that the approach of the local government and authorities in the mentioned period most effectively protected the labour market from negative fluctuations. The results of the countries during the third wave of the pandemic consider the impact of the most current measures that were implemented at the time of the pandemic.

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“…It is the importance of the state as a labour market regulator, or the link between state interventions in the labour market and its evolution during a pandemic, that has been demonstrated by several authors (e.g. Milanović et al, 2023;Spencer et al, 2022;Aldieri et al, 2022;Soares & Berg, 2022;Ingham, 2022;Adamowicz, 2022).…”

Section: Discussionmentioning

confidence: 99%

Untitled

2024

JESI

0

View full text Add to dashboard Cite

Individual indicators linked to labour market developments during the COVID-19 pandemic provide a view of a particular area but fail to capture the issue of the impact of the crisis comprehensively. This problem can be addressed by integrating them using multicriteria methods, resulting in a synthetic indicator of a specific labour market. Thus, the issue of the impact of the pa ndemic on important macroeconomic and labour market indicators can be evaluated by calculating a single indicator. The main objecti ve of this study is to identify the labour market with the highest positive flexibility in relation to the impacts of the pandemic and thus reveal the critical factor that fundamentally reduces the resistance of the labour market to negative pandemic externalities. During the first wave of the COVID-19 pandemic (2020-Q2), Slovakia reached the highest value of the integral indicator, but in the last recorded wave (2022-Q1), it moved to the last place. Its average integral indicator for all three waves reached the highest average value. However, the highest value of the integral indicator and thus the highest positive flexibility of the labour market during the third wave was reco rded by Germany, which evokes the assumption that the approach of the local government and authorities in the mentioned period most effectively protected the labour market from negative fluctuations. The results of the countries during the third wave of the pandemic consider the impact of the most current measures that were implemented at the time of the pandemic.

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“…Crises are an essential part of European integration, thus a popular topic for researchers in European integration (Biermann et al 2019;Börzel -Risse 2018;Gocaj -Meunier 2013;Ingham 2022, Krotz -Schramm 2022, Lefkofridi -Schmitter 2014Nicoli 2020, Niemann -Ioannou 2015Schimmelfennig 2014;Schimmelfennig 2018a;Schimmelfennig 2020;Riddervold -Trondal -Newsome 2021). Crises that naturally provoke a response from the concerned actors stand as suitable cases to test and compare the explanatory skills of European integration theories.…”

Section: Introductionmentioning

confidence: 99%

A New Impetus for the European Crisis Literature

Zachová

¹

2022

Politics in Central Europe

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The review essay presents European crisis literature, which tests the theories of European integration. It argues that the existing research on European crises and subsequent reactions by the European Union is fragmented, non-systematic and works with a too-implicit definition of ‘crisis’. The reviewed literature comments on turbulent developments in the European Union rather than providing comprehensive empirical research. The article demonstrates existing gaps and suggests a conceptualisation of the research topic. It also promotes a systematic research framework enabling a proper analysis of the European crises and the European Union’s reactions. Such a framework is based on a clear definition of the relevant actors and crisis situations and the identification of an empirical basis for analysis. The author argues that a systematic approach could enhance researchers’ ability to understand reactions to turbulence in European integration better and even predict the European Union’s responses to future events.

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COVID‐19, the Great Recession and Economic Recovery: A Tale of Two Crises

Cited by 9 publications

References 37 publications

Integral analysis of selected labour market indicators in the context of a Covid-19 pandemic

Integral analysis of selected labour market indicators in the context of a Covid-19 pandemic

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A New Impetus for the European Crisis Literature

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