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DIGITAL RESPONSE TO COVID-19 INFECTED ECONOMY: A EUROPEAN UNION PERSPECTIVE

Year 2021, Volume: 20 Issue: 1, 49 - 68, 24.09.2021
https://doi.org/10.32450/aacd.995586

Abstract

Since January 2020, the world has been experiencing an unexpected pandemic which has affected people around the world both economically and socially. Mostly the demands of people, for goods and services were provided through online shopping; besides, working from home, public & private transactions were made possible by digital opportunities. Now, we are experiencing the time for testing digital instruments for economic recovery. In this study, response and potential of digitization for economic recovery will be assessed by taking the European Union (EU) case. As a response to the crisis, the EU has prioritized digitization as a tool for recovering from economic effects of COVID 19. In this study, the approach of the EU for the mitigation of “COVID infected” economy will be evaluated.

References

  • Atkinson, Robert, McTernan, Michael and Reed Alastair, edited, “Sharing in the Success of Digital Economy”, Rowman and Littlefield, 2015.
  • Baldwin, Richard, De Mauro, Beatrice, edited, “Mitigating the COVID Economic Crises”, (2020), Accessed: 15.05.2020, https://www.researchgate.net/publication/342961959_Mitigating_the_COVID_Economic_Crisis_Act_Fast_and_Do_Whatever_It_Takes_A_VoxEUorg_Book
  • Brinca, Pedro, Duarte, Joao B., Casto, Miguel Faria, Is the Covid 19 Pandemic a supply or a demand shock?, 20.05.2020 :( 1-2), Accessed: 10.09.2020, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3612307
  • European Commission, “European Dimensions of the Digital Economy”, 28 Sept 2018, Accessed: 01.10.2020, https://ec.europa.eu/digital-singlemarket/en/blogposts/european-dimension-digital-economy European Commission, “Europe Investing In Digital”, 2019, Accessed: 20.09.2020. https://ec.europa.eu/digital-single-market/en/europe-investing-digital
  • European Commission, “International Digital Economy and Society Index (DESI)” https://ec.europa.eu/digital-single-market/en/news/how-digital-europecompared-other-major-world-economies ,Acessed:June 2020-10-22
  • European Commission, “Shaping Europe’s Digital Future”, Accessed: 20.09.2020, https://ec.europa.eu/info/strategy/priorities-2019-2024/europe-fit-digitalage/shaping-europe-digitalfuture_en#three-pillars-to-support-our-approach
  • European Commission, “Summer 2020 Economic Forecast”, Accessed: 10.08.2020, https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1269
  • European Commission, “Shaping the Digital Transformation in Europe - Working Paper: Economic Potential”, (19 February 2020):1,3, Accessed: 20.05.2020. https://ec.europa.eu/digital-single-market/en/news/shaping-digitaltransformation-europe-working-paper-economic-potential
  • European Commission, “The Digital Economy and Society Index (DESI)” https://ec.europa.eu/digital-single-market/en/desi , Acessed:June 2020-10-22
  • European Commission, “The 2021-2027 Multiannual Financial Framework: Digital Shines Through in the EU’s Long-Term Budget”, 2019, Accessed:20.06.2020. https://ec.europa.eu/digital-single-market/en/2021-2027-multiannual-financialframework-digital-shines-through-eus-long-term-budget
  • European Economic and Social Committee, “Ask the President”, Accessed:11.07.2020, https://www.eesc.europa.eu/en/about/politicalorganisation/eesc-president/ask-the-president
  • Fernandes, “Economic Effects of Coronavirus Outbreak (COVID-19) on the World Economy”, March 22, 2020, Accessed:August 2020, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3557504
  • Kılıç, Kemal, Marin, Dalla, “How COVID 19 is Transforming the World Economy”, (2020), Column 10 May, Accessed: 10.08.2020, https://voxeu.org/article/how-covid-19-transforming-world-economy Marinko,
  • Jurcevic, Mostarac, Vinko, Lukso, Lulic, “The Digital Transformation of Croation Economy Compared with Other EU Countries”, Preliminary Communication, Accessed: 10.08.2020, https://search.proquest.com/docview/2422403017?pqorigsite=gscholar&fromopenview=true
  • Ozili, Peterson, Arun, Thankom, “Spillover of COVID 19: Impact on the Global Economy”, SSRN Electronic Journal, 2020, Accessed: 20.07.2020, https://www.researchgate.net/publication/340236487_Spillover_of_COVID19_impact_on_the_Global_Economy Top AI Companies: The Leaders, 2020, Accessed: 15.09.2020. https://www.datamation.com/artificial-intelligence/topartificial-intelligence-companies.html#ai-leaders.
  • Trustworthy AI Brochure, September 2019, Accessed: 20.09.2020. https://ec.europa.eu/digital-single-market/en/news/trustworthy-ai-brochure.
  • UNCTAD, “2019 Report on Digital Economy”, (2020), Accessed: 12.09.2020, https://unctad.org/system/files/official-document/der2019_en.pdf
  • Vincent, James, China Overtakes US in AI Start Up Funding With A Focus On Facial Recognition And Chips, Accessed: 15.09.2020. https://www.theverge.com/2018/2/22/17039696/china-us-ai-funding-startupcomparison.

Covid-19 Bulaşan Ekonomiye Dijital Cevap: Avrupa Birliği Perspektifi

Year 2021, Volume: 20 Issue: 1, 49 - 68, 24.09.2021
https://doi.org/10.32450/aacd.995586

Abstract

2020’nin başından beri, dünyanın pandemi süreci içerisine girmesi, sağlık problemlerinin yanısıra, ekonomik ve sosyal etkilerin de ortaya çıkmasına yol açmıştır. Değişen hayat tarzları, uzaktan çalışma zorunluluğu, istihdam kayıpları hem, hanehalkları hem de firmaları ve hatta toplam talep ve arzı negatif yönde etkilemiştir. Bu süreçte, özellikle mal ve hizmetlerin temini, uzaktan çalışabilme,
kamusal ve özel tüm işlemler, dijital imkanlarla mümkün hale gelmiştir. Dijitalleşmenin, bu günlerin ekonomik açıdan iyileşmesine katkısının test edildiği günlerden geçiyoruz. Bu çalışmada, Avrupa Birliği (AB) örneği ele alınarak, dijitalleşmenin ekonomik iyileşmeye katkısı ve potansiyeli incelenecektir. AB, COVID 19’un ekonomik etkilerinin yol açtığı hasardan kurtulmak için dijitalleşmeyi
öncelik haline getirmiştir. DESI çerçevesinde AB ülkelerinin dijitalleşme düzeylerinin incelenmesi ve Avrupa Birliği’nin enfekte ekonomi üzerindeki etkileri ile mücadele etmek üzere tercih ettiği yaklaşım değerlendirilecektir

References

  • Atkinson, Robert, McTernan, Michael and Reed Alastair, edited, “Sharing in the Success of Digital Economy”, Rowman and Littlefield, 2015.
  • Baldwin, Richard, De Mauro, Beatrice, edited, “Mitigating the COVID Economic Crises”, (2020), Accessed: 15.05.2020, https://www.researchgate.net/publication/342961959_Mitigating_the_COVID_Economic_Crisis_Act_Fast_and_Do_Whatever_It_Takes_A_VoxEUorg_Book
  • Brinca, Pedro, Duarte, Joao B., Casto, Miguel Faria, Is the Covid 19 Pandemic a supply or a demand shock?, 20.05.2020 :( 1-2), Accessed: 10.09.2020, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3612307
  • European Commission, “European Dimensions of the Digital Economy”, 28 Sept 2018, Accessed: 01.10.2020, https://ec.europa.eu/digital-singlemarket/en/blogposts/european-dimension-digital-economy European Commission, “Europe Investing In Digital”, 2019, Accessed: 20.09.2020. https://ec.europa.eu/digital-single-market/en/europe-investing-digital
  • European Commission, “International Digital Economy and Society Index (DESI)” https://ec.europa.eu/digital-single-market/en/news/how-digital-europecompared-other-major-world-economies ,Acessed:June 2020-10-22
  • European Commission, “Shaping Europe’s Digital Future”, Accessed: 20.09.2020, https://ec.europa.eu/info/strategy/priorities-2019-2024/europe-fit-digitalage/shaping-europe-digitalfuture_en#three-pillars-to-support-our-approach
  • European Commission, “Summer 2020 Economic Forecast”, Accessed: 10.08.2020, https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1269
  • European Commission, “Shaping the Digital Transformation in Europe - Working Paper: Economic Potential”, (19 February 2020):1,3, Accessed: 20.05.2020. https://ec.europa.eu/digital-single-market/en/news/shaping-digitaltransformation-europe-working-paper-economic-potential
  • European Commission, “The Digital Economy and Society Index (DESI)” https://ec.europa.eu/digital-single-market/en/desi , Acessed:June 2020-10-22
  • European Commission, “The 2021-2027 Multiannual Financial Framework: Digital Shines Through in the EU’s Long-Term Budget”, 2019, Accessed:20.06.2020. https://ec.europa.eu/digital-single-market/en/2021-2027-multiannual-financialframework-digital-shines-through-eus-long-term-budget
  • European Economic and Social Committee, “Ask the President”, Accessed:11.07.2020, https://www.eesc.europa.eu/en/about/politicalorganisation/eesc-president/ask-the-president
  • Fernandes, “Economic Effects of Coronavirus Outbreak (COVID-19) on the World Economy”, March 22, 2020, Accessed:August 2020, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3557504
  • Kılıç, Kemal, Marin, Dalla, “How COVID 19 is Transforming the World Economy”, (2020), Column 10 May, Accessed: 10.08.2020, https://voxeu.org/article/how-covid-19-transforming-world-economy Marinko,
  • Jurcevic, Mostarac, Vinko, Lukso, Lulic, “The Digital Transformation of Croation Economy Compared with Other EU Countries”, Preliminary Communication, Accessed: 10.08.2020, https://search.proquest.com/docview/2422403017?pqorigsite=gscholar&fromopenview=true
  • Ozili, Peterson, Arun, Thankom, “Spillover of COVID 19: Impact on the Global Economy”, SSRN Electronic Journal, 2020, Accessed: 20.07.2020, https://www.researchgate.net/publication/340236487_Spillover_of_COVID19_impact_on_the_Global_Economy Top AI Companies: The Leaders, 2020, Accessed: 15.09.2020. https://www.datamation.com/artificial-intelligence/topartificial-intelligence-companies.html#ai-leaders.
  • Trustworthy AI Brochure, September 2019, Accessed: 20.09.2020. https://ec.europa.eu/digital-single-market/en/news/trustworthy-ai-brochure.
  • UNCTAD, “2019 Report on Digital Economy”, (2020), Accessed: 12.09.2020, https://unctad.org/system/files/official-document/der2019_en.pdf
  • Vincent, James, China Overtakes US in AI Start Up Funding With A Focus On Facial Recognition And Chips, Accessed: 15.09.2020. https://www.theverge.com/2018/2/22/17039696/china-us-ai-funding-startupcomparison.
There are 18 citations in total.

Details

Primary Language English
Subjects Economics
Journal Section Research Article
Authors

Ceran Arslan Olcay This is me 0000-0002-2114-4076

Özlem Genç This is me 0000-0001-6253-1120

Publication Date September 24, 2021
Submission Date October 23, 2020
Published in Issue Year 2021 Volume: 20 Issue: 1

Cite

Chicago Arslan Olcay, Ceran, and Özlem Genç. “DIGITAL RESPONSE TO COVID-19 INFECTED ECONOMY: A EUROPEAN UNION PERSPECTIVE”. Ankara Avrupa Çalışmaları Dergisi 20, no. 1 (September 2021): 49-68. https://doi.org/10.32450/aacd.995586.