Research Article

EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH

Volume: 8 Number: 17 May 31, 2025
TR EN

EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH

Abstract

Although its unfavorable effects have been gradually fading today, the Covid-19 pandemic, which first appeared in China at the end of 2019 and then spread rapidly all over the earth, has had negative effects on world economies along with Turkish economy. The effects of Covid-19 have been felt as a whole in the economies, but more severely in service sectors such as the Accommodation and Food Service Activities. With this study, it is aimed to examine the effects of Covid-19 over Turkish economy in a detailed manner for the sectors, along with their contribution to GDP and changes in their balance sheet. To achieve this assessment, first the effects on all sectors were examined from a general perspective and then the study was expanded on a sector basis especially for the most unfavorably affected sectors. The "Sector Balance Sheets" data provided by CBRT and TURKSTAT have been mainly employed for the period of 2019-2023 to investigate these effects over the markets with GDP data. This sector data covers 17 main sectors, including more than 1.6 million company information according to NACE REV.2 classification, and is quite comprehensive to generate adequate conclusions for Turkish economy on a sectoral basis. According to the study results, the sectors that suffered the most losses in 2020, when the impact of Covid-19 was felt the most, were "transportation and storage", "accommodation and food service" and "real estate", respectively. However, in the same period, profits were made in different sectors such as "manufacture" and "wholesale and retail trade; repair of motor vehicles and motorcycles".

Keywords

References

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Details

Primary Language

English

Subjects

Business Administration, Entrepreneurship

Journal Section

Research Article

Early Pub Date

May 31, 2025

Publication Date

May 31, 2025

Submission Date

May 25, 2025

Acceptance Date

May 28, 2025

Published in Issue

Year 2025 Volume: 8 Number: 17

APA
Ozcan, Y. (2025). EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH. İstanbul Ticaret Üniversitesi Girişimcilik Dergisi, 8(17), 87-102. https://doi.org/10.55830/tje.1705792
AMA
1.Ozcan Y. EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH. İstanbul Ticaret Üniversitesi Girişimcilik Dergisi. 2025;8(17):87-102. doi:10.55830/tje.1705792
Chicago
Ozcan, Yunus. 2025. “EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH”. İstanbul Ticaret Üniversitesi Girişimcilik Dergisi 8 (17): 87-102. https://doi.org/10.55830/tje.1705792.
EndNote
Ozcan Y (May 1, 2025) EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH. İstanbul Ticaret Üniversitesi Girişimcilik Dergisi 8 17 87–102.
IEEE
[1]Y. Ozcan, “EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH”, İstanbul Ticaret Üniversitesi Girişimcilik Dergisi, vol. 8, no. 17, pp. 87–102, May 2025, doi: 10.55830/tje.1705792.
ISNAD
Ozcan, Yunus. “EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH”. İstanbul Ticaret Üniversitesi Girişimcilik Dergisi 8/17 (May 1, 2025): 87-102. https://doi.org/10.55830/tje.1705792.
JAMA
1.Ozcan Y. EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH. İstanbul Ticaret Üniversitesi Girişimcilik Dergisi. 2025;8:87–102.
MLA
Ozcan, Yunus. “EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH”. İstanbul Ticaret Üniversitesi Girişimcilik Dergisi, vol. 8, no. 17, May 2025, pp. 87-102, doi:10.55830/tje.1705792.
Vancouver
1.Yunus Ozcan. EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH. İstanbul Ticaret Üniversitesi Girişimcilik Dergisi. 2025 May 1;8(17):87-102. doi:10.55830/tje.1705792

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