Job retention opportunities in a pandemic crisis based on the example of three countries in the Asia-Pacific region

Bibliographic Data

ID12846254
AuthorsArnold Tóth (0000-0002-4359-9127, Budapest University of Economics and Business, corresponding author), Botond Géza Kálmán (0000-0001-8031-8016, University of Applied Science Budapest, corresponding author), Allen D Engle (Eastern Kentucky University, corresponding author), Jozsef Poör (0000-0002-6873-0646, J. Selye University, corresponding author)
Year2022
Volume45
Issue2
Pages156-172
Publication date2022-10-27
Open AccessYes
TypeARTICLE
VenueSociety and Economy (JOURNAL)
Journal identifiersISSN: 1588-970X • E-ISSN: 1588-9726
PublisherAkadémiai Kiadó (PUBLISHER • HU)
DOI10.1556/204.2022.00019
OpenAlexW4307639216
LanguageEN
References cited12

Our study examines the development of unemployment data from three strong Asian economies, China, Korea, and Japan. The focus is on the impact of the economic crisis caused by COVID-19, as well as an overview of the possible solutions to combat the impact of similar future crises on the labour market, in the hope of mitigating future economic dislocations. Following an overview of the region's economy and the pandemic, we use stochastic modelling of unemployment data of ten years prior to the pandemic, to estimate counterfactual future data without the pandemic. We then compare this estimate with real data during the pandemic. We did this in order to explore ideas and new solutions that could possibly be applied in Hungary, which is presently burdened by a very significant labour shortage

China · Coronavirus disease 2019 (COVID-19 · Counterfactual thinking · Demographic economics · Development economics · East Asia · Economic growth · Economic shortage · Economics · Order (exchange · Pandemic · Political science · Unemployment · COVID-19 epidemiological studies · COVID-19 Pandemic Impacts · Psychological Well-being and Life Satisfaction

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