Green Economy Potential in the Organization of Turkic States: Comparison of Economic Indicators
Authors/Creators
- 1. Institute of Economics of the Ministry of Science and Education of the Republic of Azerbaijan: Baku, AZ
- 2. Company SOCAR Trading SA: Geneva, CH
Description
Purpose. The main objective of this study is to assess the potential of the green economy to promote economic growth and development in the member states of the Organization of Turkic States (OTS). The object of the study is the OTS countries, and the subject is the analysis of green economy potential and comparison of relevant economic indicators. Design / Method / Approach. The research draws on data from international sources, including UNECE, TheGlobalEconomy.com, national statistics of Azerbaijan, and other open datasets. A systems approach, logical generalization, comparative analysis, and cause-and-effect reasoning were applied. Findings. The study addresses: (1) the green economy as a category of modern mutually beneficial development; (2) comparison of economic growth and green economy indicators in OTS countries; (3) green economy potential in Azerbaijan; and (4) the experience of green economy implementation in OTS states. The authors identify key challenges and propose recommendations for improving the implementation of green economy objectives. Theoretical Implications. All OTS countries show interest in green economy development by attracting investment and creating favorable conditions in industrial zones, agriculture, transport, and tourism. Practical Implications. Each OTS member has adopted a strategy for greening the economy and is gradually implementing its elements in alignment with national goals. Originality / Value. The study introduces a green economy index, identifies barriers to economic growth and sustainable development, and highlights structural shifts in the economy driven by green economy expansion. Research Limitations / Future Research. The main limitation is the lack of a complete statistical base. Nonetheless, the study formulates conclusions and proposes measures to address identified issues. Article Type. Applied, empirical research paper.
Abstract (Ukrainian)
Мета. Головною метою цього дослідження є оцінка потенціалу зеленої економіки для сприяння економічному зростанню та розвитку країн-членів Організації тюркських держав (ОТД). Об’єктом дослідження є країни ОТД, предметом – аналіз потенціалу зеленої економіки та порівняння відповідних економічних показників. Дизайн / Метод / Підхід. Дослідження базується на даних міжнародних джерел, зокрема UNECE, TheGlobalEconomy.com, національної статистики Азербайджану та інших відкритих наборів даних. Застосовано системний підхід, логічне узагальнення, порівняльний аналіз та причинно-наслідкове мислення. Результати. У дослідженні розглянуто: (1) зелену економіку як категорію сучасного взаємовигідного розвитку; (2) порівняння показників економічного зростання та зеленої економіки в країнах ОТД; (3) потенціал зеленої економіки в Азербайджані; (4) досвід впровадження зеленої економіки в країнах ОТД. Виявлено ключові проблеми та запропоновано рекомендації для покращення реалізації завдань зеленої економіки. Теоретичне значення. Усі країни ОТД демонструють зацікавленість у розвитку зеленої економіки шляхом залучення інвестицій і створення сприятливих умов у промислових зонах, сільському господарстві, транспорті та туризмі. Практичне значення. Кожна країна-учасниця ОТД ухвалила стратегію озеленення економіки і поступово впроваджує її елементи відповідно до національних цілей. Оригінальність / Цінність. У дослідженні введено індекс зеленої економіки, визначено бар’єри економічного зростання і сталого розвитку, а також наголошено на структурних змінах в економіці, викликаних розширенням зеленої економіки. Обмеження дослідження / Майбутні дослідження. Основним обмеженням є відсутність повної статистичної бази. Втім, зроблено висновки і запропоновано заходи для розв’язання виявлених проблем. Тип статті. Прикладне емпіричне дослідження.
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Additional details
Additional titles
- Alternative title (Ukrainian)
- Потенціал зеленої економіки в Організації тюркських держав: порівняння економічних показників
Identifiers
References
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