EVALUATION OF LABOR MARKET INDICATORS IN THE EVELOPMENT OF GREEN ECONOMY

Abstract

The Green Economy proposes that these habits need to be reversed and relationships established with both the planet and other people need to be overhauled. It is seen that the free market system, which is supposed to work properly in inter-crisis periods, plays the leading role in state intervention by bringing Keynesian policies to the agenda when a crisis is in question. As manifested in both the Great Depression of 1929 and the Financial Crisis of 2008, the ongoing mainstream economic regime is not perfect and is being radically challenged by the emergence of areas such as the Green Economy. In this study, it is aimed to present a literature review to explain the concept of green energy with the possible reflections of the green economy on employment and employment and to analyse the example of Azerbaijan, the fastest developing country in the world, basically the effect of employment on employment. Correlation, ADF test and Granger Causality tests, which are statistical and econometric models, were used as research methods. As a result, it is seen that employment has an effect on “General power supply”, “Solar electricity” and “Total energy supply from renewable sources”. However, the hypothesis that General power supply, Hydropower, Biomass and waste, Wind electricity, Solar electricity and Total energy supply from renewable sources do not affect employment is accepted at the 5% significance level.