Assessment of the interrelationship between economic growth and the labor market in the republic of Azerbaijan

Abstract

Understanding the complex relationship between economic growth and the labor market is crucial for policymakers, economists, and the business environment. 

       This report initially explores the interconnections between economic growth and the labor market by examining key concepts such as labor force participation rate, productivity, human capital, and technological development. It presents the theoretical foundations and mathematical analysis that regulate this interaction. By clarifying these theoretical frameworks, the report aims to provide a comprehensive understanding of how economic growth affects the labor market and vice versa, as well as to offer insights into effective economic interventions and strategies to promote sustainable development.