Abstract
The transition to the green economy has changed the way of doing business and has revealed the business models expressed as green jobs. This study examines the impacts of green jobs in EU countries on productivity in line with different methods. In this context, the data used in the study was between 2011 to 2019. The analysis in the study, which investigates the effects of green jobs increase on total factor productivity in EU countries, is carried out with panel ARDL approach, Kao Panel Cointegration methods. According to the estimation values obtained in the study, it is seen that there is a positive and statistically significant relationship between the increase in green jobs and total factor productivity. On the other hand, fixed capital investments and foreign direct investments, among the variables discussed in the study, have a positive and statistically significant effect on total factor productivity.
TopGreen Economy And Green Growth Concepts
Problems such as global warming, climate changes, and economic crises in the world economy have brought concepts such as green world order, green economy, and low carbon economy to the agenda within the sustainable development framework. The concept of green economy is defined by the United Nations (UN) as “a sustainable economy that contributes to reducing poverty, healthily sustaining the ecosystem, creating a balance between production and consumption, giving new opportunities and opportunities to the business world, increasing social welfare and improving social welfare to achieve the goal of sustainable economic development.” It is defined as “an economic development model that allows participation” (Erdoğan, 2022: 106).
Key Terms in this Chapter
Sustainable Development: These are initiatives aimed at meeting people's needs while also considering the needs of future generations.
Total Factor Productivity (TFP): An indicator that shows the efficiency of the inputs used in the production process.
Green Economy: It is an approach that provides economic growth and Employment through practices that do not negatively affect the ecosystem and biodiversity, aim at efficiently using resources and energy, and reduce air and environmental pollution.
Green New Deal: A restructuring process that produces standard solutions based on a green economy to economic, social, and environmental problems arising from ecological crises.
Green Growth: New and different growth strategy that adapts to changing conditions without harming the environment, minimizes ecological risks, and considers future generations.
Green Employment: job creation within sectors that contribute to reducing carbon footprint.
Green Jobs: These are jobs that offer improved workers' rights and safe working conditions and include opportunities to participate in union activities.