The Dark Side of Digitalisation: Wealthier but Unhappier

Since the first industrial revolution, the world economy has passed a turmoiled path with many salient transformations that have shaped today’s human relations, commercial trades, innovation and governance. Now, humanity is going through the digital revolution, which seems to change the world eve...

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Main Author: Aurora Murgea
Format: Article
Language:English
Published: Ovidius University Press 2024-02-01
Series:Ovidius University Annals: Economic Sciences Series
Subjects:
Online Access:https://stec.univ-ovidius.ro/html/anale/ENG/wp-content/uploads/2024/02/19-1.pdf
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author Aurora Murgea
author_facet Aurora Murgea
author_sort Aurora Murgea
collection DOAJ
description Since the first industrial revolution, the world economy has passed a turmoiled path with many salient transformations that have shaped today’s human relations, commercial trades, innovation and governance. Now, humanity is going through the digital revolution, which seems to change the world even more rapidly than its predecessors. Despite the myriad of digitalisation advantages connected with this, one cannot neglect the downsides. Terms such as technostress, cyberbullying or technology addiction emerged to express the harm the accelerated digitalisation has brought into our lives. The present paper focuses on digitalisation’s effects on happiness, using a VAR model for the EU countries from 2017-2022. Despite the positive effect on economic growth underlined in the literature, a positive impulse in terms of digitalisation generates a persistent negative effect on happiness in the next three years.
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spelling doaj.art-5f99ba1113ed4c84b96efd02f21b3c542024-02-12T09:28:28ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272024-02-01XXIII2326334The Dark Side of Digitalisation: Wealthier but Unhappier Aurora Murgea 0West University of Timisoara, Faculty of Economics and Business Administration, RomaniaSince the first industrial revolution, the world economy has passed a turmoiled path with many salient transformations that have shaped today’s human relations, commercial trades, innovation and governance. Now, humanity is going through the digital revolution, which seems to change the world even more rapidly than its predecessors. Despite the myriad of digitalisation advantages connected with this, one cannot neglect the downsides. Terms such as technostress, cyberbullying or technology addiction emerged to express the harm the accelerated digitalisation has brought into our lives. The present paper focuses on digitalisation’s effects on happiness, using a VAR model for the EU countries from 2017-2022. Despite the positive effect on economic growth underlined in the literature, a positive impulse in terms of digitalisation generates a persistent negative effect on happiness in the next three years. https://stec.univ-ovidius.ro/html/anale/ENG/wp-content/uploads/2024/02/19-1.pdfdigitalisationeconomic growthhappinesshuman relationshealthy and meaningful life
spellingShingle Aurora Murgea
The Dark Side of Digitalisation: Wealthier but Unhappier
Ovidius University Annals: Economic Sciences Series
digitalisation
economic growth
happiness
human relations
healthy and meaningful life
title The Dark Side of Digitalisation: Wealthier but Unhappier
title_full The Dark Side of Digitalisation: Wealthier but Unhappier
title_fullStr The Dark Side of Digitalisation: Wealthier but Unhappier
title_full_unstemmed The Dark Side of Digitalisation: Wealthier but Unhappier
title_short The Dark Side of Digitalisation: Wealthier but Unhappier
title_sort dark side of digitalisation wealthier but unhappier
topic digitalisation
economic growth
happiness
human relations
healthy and meaningful life
url https://stec.univ-ovidius.ro/html/anale/ENG/wp-content/uploads/2024/02/19-1.pdf
work_keys_str_mv AT auroramurgea thedarksideofdigitalisationwealthierbutunhappier
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