TRENDS IN THE DEVELOPMENT OF THE LABOR MARKET IN THE REPUBLIC OF ARMENIA

  • Taguhi Armen Barseghyan Ph.D. in Economics Lecturer at the chair of Mikroeconomics, ASUE Lecturer at the chair of Economics Law and Management, NUACA https://orcid.org/0000-0002-4390-3133
  • Аraksya Albert Mikayelyan Master of the chair of Economics Law and Management
Keywords: Labor Market, Employment, Correlation Model, Econometric Model, Gross Domestic Product, Gross Fixed Capital Formation, Forecasting

Abstract

The topic is relevant in that 2020 was a turning point for the labor market of the Republic of Armenia, given the consequences of the Covid-19 pandemic, and then the war. In this sense, it can be argued that a great crisis is expected in the labor market itself, since one of the characteristics of this market is that in its center there is a person offering his job.

The object of the study of the article is the system of regulation of employment in the labor market of the Republic of Armenia, and the goal is to develop a new regulation model based on the results of a multifaceted analysis of the labor market of the Republic of Armenia, as well as the implementation of forecasts for changes in the number of employees by institutional sectors of the economy and types of economic activity for 2023-2030. To achieve the goal, the following tasks were proposed and solved:

  • The dynamics of the number of employed in different sectors of the economy was analyzed: industry, energy, construction, trade and services.
  • A correlation model was developed, the results of the correlation analysis were evaluated and presented.
  • The forecasts of changes in the number of employees by institutional sectors of the economy and types of economic activity for 2023-2030 have been made.

References

Stepanyan A.(2018) "Employment as the most important factor of economic growth” European University, collection of scientific articles 9, 1-18

Stepanyan A.(2018)"Employment issues in the RA labor market" Finances and Economics 34(211-212), 132

Eliseeva I. И., Yuright M.(2014) "Econometrika" , Moscow

Eliseeva I. И.(2009) "Econometrika" M.: Prospect, Moscow

Greene W.H.(2003), Econometric Analysis, 5th edition, Prentice-Hall, Upper Saddle River, New Jersey

Kremer N. Sh. , Putko B. A.(2003), "Econometrika", Uniti, Moscow

Magnus Ya. R., Katyshev P. K. , Peresetskiy A. A. (2004)"Ekonometrika", publishing house "Delo", Moscow

Nosko V. P.(2000), "Econometrics for beginners", Institute of Economics of the Transition Period, Moscow

Legal information system of Armenia, https://www.arlis.am/DocumentView.aspx/Doc ID=102510, where the freedom of citizens in choosing a job is presented.

RA Statistical Committee, https://www.armstat.am/file/doc/99516743.pdf, website presents statistical data on RA labor market and employment.

Central Bank of RA, https://www.cba.am/am/SitePages/statrealsector.aspx

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Published
2023-10-23
Citations
How to Cite
Taguhi Armen Barseghyan, & Аraksya Albert Mikayelyan. (2023). TRENDS IN THE DEVELOPMENT OF THE LABOR MARKET IN THE REPUBLIC OF ARMENIA. International Journal of Innovative Technologies in Economy, (4(44). https://doi.org/10.31435/rsglobal_ijite/30122023/8059