Title: Potential impacts of COVID-19 pandemic on Turkish economy and its carbon dioxide emissions: an extended input-output analysis

Authors: Levent Aydin; Izzet Ari

Addresses: Department of Economics, Faculty of Political Sciences, Social Sciences University of Ankara, Turkey ' Department of Energy Economics and Management, Institute for Graduate Studies in Social Sciences, Social Sciences University of Ankara, Turkey

Abstract: COVID-19 pandemic has lead to societal transformation in terms of economic, social, and environmental behaviours. Like other countries, Turkey has suffered from the pandemic. The aim of this study was to investigate the impacts of COVID-19 on the following major indicators: total hours worked by employees, number of employees, labour compensation, capital compensation, gross value added and nominal capital stock at current basic prices, and carbon dioxide (CO₂) emissions. Throughout the study, an extended input-output (EIO) analysis was employed. The scope of the study was based on the decline in economic activities in the restricted sectors such as accommodation and food services, travel agencies, tour operators and other reservation and related services, air transport, land tourism, water transport, and leisure activities. Three main scenarios, i.e., fast recovery scenario, continuing slowdown scenario, and economic recession scenario, were set to analyse the effects of COVID-19 on the Turkish economy and CO₂ emissions.

Keywords: COVID-19; extended input-output analysis; Turkish economy; carbon dioxide emission.

DOI: 10.1504/WRSTSD.2023.127261

World Review of Science, Technology and Sustainable Development, 2023 Vol.19 No.1/2, pp.40 - 54

Received: 29 Jun 2020
Accepted: 12 Nov 2020
Published online: 30 Nov 2022 *