ICE-TEA 2021

the Seventh International Conference on Economics
April 9-11, 2021

Unpacking the Economic Impacts of COVID-19


Turkish Economic Association (TEA) is organizing its 7th International Conference (ICE-TEA Conference) on April 9-11, 2021. The main topics will focus on all economic research fields related to a year-long in-depth assessment of the economic and financial impact of the COVID-19 pandemic. The conference program includes plenary sessions, panels, and presentations of contributed papers. Although the main theme of this year's conference is the COVID-19 pandemic, the conference is open to all line of theoretical and empirical research in economics. The conference aims at bringing together scholars from all over the World for exchange of ideas, discussion of recent results within theoretical and applied research, and creating a research network for future joint collaborations.

Conference Theme

Nearly, we are about the close a catastrophic year-end under the threat of a deadly and super contagious virus with no positive outlook ahead. The second wave of infections is sweeping across Europe, and the crisis continues to escalate in the US, which is enduring its third spike in cases and it is not even winter yet. Much more information and data available now to researchers and analysts for detailed assessments of the pandemic’s economic impacts as well as the effectiveness of decision-makers’ policy responses deeply, both at macro and micro levels. Covid-19 brought the health systems in the world to its knees in a matter of weeks, triggering the most severe economic crisis since the Great Depression. When countries shuttered their shops, closed their markets, and cordoned off places of gathering to help ward off the coronavirus, they did so out of immediate concern for their citizens’ health and wellbeing. Meanwhile, the COVID-19 pandemic has radically changed the global economy’s prospects for the short, medium, and potentially long-term. In the short-term, as governments throughout the world introduce stringent measures limiting physical mobility and social activity to mitigate the spread of the virus and avert a health crisis, economic activity has seriously contracted. It is leading to an unprecedented decline in global GDP. Longer-term, beyond 2021, the outlook for the global economy is highly uncertain. The global economic activity took an unprecedented fall in the second quarter of this year when about 85 percent of the world economy was in lockdown for several weeks. Therefore, as these measures endure, the virus is no longer the sole threat to citizens’ health and wellbeing. People worldwide face mounting threats to their wellbeing compounded by growing unemployment, lockdown in vulnerable living conditions. In an unprecedented effort, policymakers reacted rapidly and massively to buffer the initial blow to incomes and jobs. The countries worldwide, the US and EU, are the first among them, unveiled historic and extraordinary packages for the recovery, providing around $12 trillion in fiscal support to households and firms. These unique monetary policy actions have maintained credit flow, helping millions of firms stay in business. Direct grants, selective tax advantages, public guarantees, or public loans granted to companies that face difficulties because of the pandemic are examples of recovery packages. Besides, banks and other financial institutions have a crucial role in dealing with the outbreak’s effects by maintaining credit flow to the economy.

  • Emerging markets and low-income and fragile states continue to face a more risky situation. They have weaker health systems. They are highly exposed to the most affected sectors, such as tourism and commodity exports. And they are highly dependent on external financing. Abundant liquidity and low-interest rates helped many emerging markets to regain access to borrowing. Unfortunately, those countries are not in a favorable climate for external funding.

  • The low-income countries entered this crisis with already high debt levels, which has only become more massive. If they are to fight the crisis and maintain vital policy support, if they are to prevent the reversal of development gains made over decades, they will need more help and fast. That means access to more grants, concessional credit, and debt relief, combined with better debt management and transparency. In some cases, global coordination to restructure sovereign debt will be necessary, with public and private creditors’ full participation

  • On the other hand, the pandemic has laid bare severe and systemic inequalities both within and between countries and communities. More broadly, it has underscored the world’s fragilities not just in the face of another health emergency but also in our faltering response to the climate crisis, large disparities in income distribution, lawlessness in cyberspace, and the risks of nuclear proliferation. People everywhere are losing trust in political establishments and institutions.

  • This gap in response capacity is one reason why we see differentiated outcomes. Another reason is the effectiveness of measures to contain the pandemic and restart economic activities. Therefore, fundamental reforms are needed, across the world, to build a more resilient economy greener, smarter, more inclusive, and dynamic. That means we need to direct the massive investments required for a strong and sustainable recovery.

Abstract Submission

An abstract of not less/more than 150/250 words should be submitted online through the website. ICE-TEA2021 conference is open to both English and Turkish presentations. The authors submitting Turkish abstracts should also submit English version of their abstract. Abstracts should include 2-3 JEL codes and keywords of the research. Although the main theme of the conference is Covid-19 pandemic, papers in the fields of economics, finance, labour and entrepreneurship will be considered. Authors will receive a notification by e-mail about acceptance/rejection of their submission by February 20, 2021. Authors can not submit more than 2 papers. Please submit your abstract by following the link below:

Click to submit your abstract to ICE-TEA2021

Please send your abstract to if you are having a problem in submitting online.

Research Areas

  • The Effects of the Coronavirus Pandemic in Emerging Markets and Developing Economies.
  • COVID-19 Recession and Recovery
  • COVID-19: Prospects for the Turkish Economy
  • Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages
  • Macroeconomic Forecasting During the Epidemic
  • Taking Action to Mitigate Risk: COVID-19’s Impact on Banks
  • Forward-looking Planning in the pandemic.
  • Which groups have been more affected by the lockdowns?
  • The Great Lockdown and the Big Stimulus: Tracing the Pandemic Possibility Frontier for the world economies.
  • The distributional effects of the pandemic and associated policy responses across different types of workers and households
  • International Trade and Economics of Globalization
  • Sustainable Development
  • Political Economy
  • Macroeconomic Policies
  • Inequality, Growth, and Development
  • Financial Markets, Institutions, and Integration
  • Labor Economics
  • Industrial Relations
  • Poverty
  • Gender Issues
  • Institutional Economics
  • Regional Economics
  • Natural Resources and Environmental Economics
  • Energy Economics
  • Transportation Economics

Keynote Speakers


Scientific Committee

  • Nicholas Apergis, the University of Piraeus, Greece
  • Micheal Berlemann, Helmut-Schmid University, Germany
  • Maria Dolores Gadea Rivas, Zaragoza University, Spain
  • Alpay Filiztekin, Sabancı University, Turkey
  • Jawad Kazmi, France, Pakistan
  • Angeliki N. Menegaki, University of Applied Sciences, Greece
  • Gülçin Özkan, King’s College Londan, UK
  • Şevket Pamuk, Boğaziçi University, Turkey
  • Audrey Sagaret, Université Paris-Nanterre, France
  • Uğur Soytaş, Technical University of Denmark, Denmark
  • Aviral Tiwari, Rajagiri Business School, India
  • Mithat Üner, Atılım University, Turkey
  • Julide Yildirim Öcal, TED University, Turkey
  • Kamil Yılmaz, Koç University, Turkey

Programme Committee

  • Yilmaz Akdi, Ankara University, Turkey
  • Aliye Atay, THK University, Turkey
  • Uğur Aytun, Kütahya Dumlupınar University, Turkey
  • Sıdıka Başçi, Yıldırım Beyazıt University, Turkey
  • Selim Çağatay, Akdeniz University, Turkey
  • Aysegul Çorakcı, Çankaya University, Turkey
  • Cem Dişbudak, Muğla Sıtkı Koçman University, Turkey
  • Oya Safinaz Erdoğdu, Ankara University, Turkey
  • Ayfer Gedikli, İstanbul Medeniyet University, Turkey
  • Bülent Güloğlu, Istanbul Technical University, Turkey
  • Mustafa İsmihan, The Eastern Mediterranean University, TRNC
  • Ümit İzmen - Namık Kemal University, Turkey
  • Mubariz Hasanov, Okan University, Turkey
  • Nezir Köse, İstanbul Gelişim University, Turkey
  • Sevilay Küçüksakarya, Anadolu University, Turkey
  • Oytun Meçik, Eskişehir Osmangazi University, Turkey
  • Nesrin Ozatac, Eastern Mediterranean University, Cyprus
  • Didem Pekkurnaz, Başkent University, Turkey
  • Ünal Töngür - Akdeniz University, Turkey
  • Filiz Yesilyurt, Pamukkale University, Turkey
  • Hakan Yetkiner, İzmir Ekonomi University, Turkey

Organizing Committee

  • Suut Doğruel, Turkish Economic Association, Turkey
  • Murat Donduran, Yıldız Technical University, Turkey
  • Alper Güzel, Ondokuz Mayıs University, Turkey
  • Hasan Kazdağlı, Turkish Economic Association, Turkey
  • Yılmaz Kılıçaslan, Anadolu University, Turkey
  • Celal Kucuker, Turkish Economic Association, Turkey
  • Aykut Lenger, Ege University, Turkey
  • Tolga Omay, Atılım University, Turkey
  • Ayşen Sivrikaya, Hacettepe University, Turkey

Conference Secretariat

  • Büşra Demirci, Turkish Economic Association, Turkey
  • M. Can Küçüker, Atılım University, Turkey
  • Enes Can Uzunel, Turkish Economic Association, Turkey
  • Yasin Tosun, Turkish Economic Association, Turkey

Important Dates

  • February 15, 2021
    Deadline for abstract submission

  • February 20, 2021
    Date of notification of acceptance

  • February 15, 2021
    Deadline for organizing a session

  • March 01, 2021
    Deadline for registration

  • March 15, 2021
    Deadline for submission of full paper (not mandatory)

  • March 20, 2021
    Announcement of the programme

Registration for the Conference

All paper presenting authors must register to ICE-TEA2021 Conference. The deadline for registration is March 01, 2021. The registration fee is EURO50 (100TL for Turkish citizens). The registration fee for graduate students is EURO25 (50TL for Turkish citizens).

IceTea2021 Registration Form

Best Paper Award

Turkish Economic Association will give a best paper award of EURO300 (3.000TL) to the author of best paper presented at the conference. To be eligible for the award;

• The applicant must be less than 40 years-old at the time of conference.

• A full paper must be submitted before January 29, 2021.

To apply for the best paper award, please submit your full paper written in either Turkish or English to with a subject "IceTea2021 Award Application".

Good luck,

Turkish Economic Association


Turkish Economic Association will give registration fee waiver to 20 graduate students. To apply, please send an e-mail to together with the copy of your student id by February 15, 2021.


IceTea2021 Conference Programme is available.

Click here for the programme.

Please note that the most updated programme is always the one on the web site.

Zoom Meeting Information

In order to join the session of your interest, please click on the zoom link provided for each session below or the link placed at the upper-right of each session on the programme. No password is required to join any session.

IceTea Meeting Room A
Meeting ID: 872 4036 5366

IceTea Meeting Room B
Meeting ID: 843 8916 2520

IceTea Meeting Room C
Meeting ID: 857 9060 5274

IceTea Meeting Room D
Meeting ID: 853 0278 2731

IceTea Meeting Room E
Meeting ID: 815 8058 4448

Publication Opportunities

Paper presenting authors at the ICE-TEA2021 Conference have the opportunity to publish their papers in the following journals:

The authors willing to publish their work in the journals above must submit revised version of their papers after ICE-TEA2021 conference. Note that, the journals will be under no commitment to publish any article. However, they do promise an expedited refereeing process. The deadline to submit your manuscript is May 01, 2021. The authors should follow regular submission rules of the journal that can be found on the Journal’s web page.