DOI: https://doi.org/10.36719/2789-6919/50/91-94
Agasalim Aliyev
Khazar University
Master student
https://orcid.org/0009-0003-8227-8259
mr.agha.aliyev@gmail.com
Environmental Regulation and its Impact on Economic Competitiveness in Azerbaijan
Abstract
The article examines the impact of environmental regulation on economic competitiveness in Azerbaijan. In the context of globalization and sustainable development challenges, the study explores the effects of environmental legislation and regulatory frameworks on the business environment, investment attractiveness, and production costs. The findings indicate that while the implementation of environmental standards increases additional costs for enterprises in the short term, it also promotes innovation, efficient resource use, and export opportunities in the long run. In line with the green economy concept within Azerbaijan’s economic development strategy, environmental regulations are highlighted as one of the key factors enhancing international competitiveness. The results demonstrate that a well-balanced environmental policy can stimulate sustainable development without negatively affecting economic growth and competitive dynamics.
Keywords: environmental regulation, economic competitiveness, Azerbaijan, sustainable development, green economy, environmental policy, innovation