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The Dark Side of Digitalisation: Wealthier but Unhappier

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  • Aurora Murgea

    (West University of Timisoara, Faculty of Economics and Business Administration, Romania)

Abstract

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.

Suggested Citation

  • Aurora Murgea, 2023. "The Dark Side of Digitalisation: Wealthier but Unhappier," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 326-334, December.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:2:p:326-334
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    References listed on IDEAS

    as
    1. Jonathan Haidt & Nick Allen, 2020. "Scrutinizing the effects of digital technology on mental health," Nature, Nature, vol. 578(7794), pages 226-227, February.
    2. T. S. Ragu-Nathan & Monideepa Tarafdar & Bhanu S. Ragu-Nathan & Qiang Tu, 2008. "The Consequences of Technostress for End Users in Organizations: Conceptual Development and Empirical Validation," Information Systems Research, INFORMS, vol. 19(4), pages 417-433, December.
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    More about this item

    Keywords

    digitalisation; economic growth; happiness; human relations; healthy and meaningful life;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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