The Fight Against COVID-19 in Europe: The Effects of Vaccination on the Economy

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Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi
Volume:25 Issue:1
The Fight Against COVID-19 in Europe: The Effects of Vaccination on the Economy

The Fight Against COVID-19 in Europe: The Effects of Vaccination on the Economy

Authors : Erdem Ateş

Pages : 132-147

View : 71 | Download : 77

Publication Date : 2024-03-28

Article Type : Research Paper

Abstract :COVID-19 is an epidemic that emerged in late 2019 and has killed approximately 6.9 million people worldwide as of September 2023. The pandemic also had negative effects on the economy. The aim of the study is to determine the impact of COVID-19 vaccines on economic indicators. In the study, the relationship between monthly COVID-19 vaccination numbers and export, import, inflation and unemployment variables of 28 European countries for the period 2021:01-2022:01 was examined using the ARDL model and PMG estimator. According to the analysis findings, it was seen that exports and imports did not have a statistically significant relationship with the number of vaccinated people. However, it has been determined that as the number of vaccinated people increases, inflation increases and the unemployment rate decreases. As a result, it has been determined that vaccination positively affects economic indicators.
Keywords : uluslararası iktisat, uluslararası ticaret, enflasyon, COVID 19, istihdam

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