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1 – 10 of 270Tomasz Dorożyński, Janusz Świerkocki and Wojciech Urbaniak
One of the ways of convincing investors, in particular foreign ones, to take part in the implementation of host country economic policies is the development of Special Economic…
Abstract
One of the ways of convincing investors, in particular foreign ones, to take part in the implementation of host country economic policies is the development of Special Economic Zones (SEZs) designed to ensure more favourable business environment than those available in other locations. Poland has created and develops the SEZs. They play a positive role in attracting foreign direct investment (FDI) or creating new jobs but also may have negative consequences, such as deepening regional disproportions in the country.
This paper aims at examining why certain SEZs in Poland attracted more FDI than other. In our opinion that may result from the location in a particular region (understood as a unit of administrative division of the country at the level of a voivodeship) and from endogenous conditions characteristic of the zone, such as the land it owns, infrastructure and its accessibility and finally high quality performance of the company that manages the zone.
Our calculations have shown statistically significant positive relationships between FDI inflow to SEZ and overall and some partial coefficients that describe investment attractiveness of voivodeships. Test results also suggest that efforts of managing companies with regard to wooing investors (e.g. through promotions, infrastructure development) are important in increasing the inflow of foreign investment.
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Zhanna V. Gornostaeva, Elvira A. Khalikova, Inna V. Andronova and Platon A. Lifanov
To elaborate on the model terms for the effective integration in Russia's special economic zones in the long term.
Abstract
Purpose
To elaborate on the model terms for the effective integration in Russia's special economic zones in the long term.
Design/Methodology/Approach
The statistical method, comparative method and a formalised model of game theory are used in this research.
Findings
The research is aimed at determining the model conditions for effective integration in Russia's special economic zones. The proprietary methodology envisages the following stages: establishment of the case experience of the development of Russia's special economic zones and determination of requirements that are set to residents (players) for entrance; comparison of the functioning of players of one of the studied integration structures under the conditions of individual development and the conditions of business integration; description of advantages; development of the practical implications to improve the business strategies of residents (players). The analysis is performed based on the materials of the development of Industrial Production SEZ ‘Alabuga’ (Republic of Tatarstan) and its residents, as well as the evaluation of the system of regulation of the parameters of joining special economic zones of different types. The assessed residents of Industrial Production SEZ ‘Alabuga’ (Republic of Tatarstan) are Trakya Glass Rus and Automotive Glass Alliance Rus (in 2021, the name was changed to Shishejam Automotive Rus), which started functioning within the association in 2017.
Originality/Value
The originality and scientific value of this research are due to the description of the specific features and perspective directions of integration in Russia's special economic zones.
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Julia R. Norgaard and Alexander Chase Cartwright
These zones offer participants a wide variety of incentives and can be found in sizes ranging from a few square acres to entire large cities. The diversity among SEZs presents an…
Abstract
Purpose
These zones offer participants a wide variety of incentives and can be found in sizes ranging from a few square acres to entire large cities. The diversity among SEZs presents an opportunity for new research.
Design/methodology/approach
Special economic zones (SEZs) have grown exponentially in popularity during the past few decades, in size and scope. They are often lauded as instruments central to enhancing economic growth in developing countries. However, the empirical evidence on the relationship between SEZs and growth is inconclusive.
Findings
The analysis concludes that corruption leads to the creation of smaller zones that are likely the products of rent-seeking.
Originality/value
The authors argue that SEZs can be effective vehicles for rent-seeking, especially geographically small zones and develop an empirical model to explore the relationship between zone size and the impetus for the zone creation, namely corruption. Specifically, the authors analyze whether these small zones are vehicles of economic growth or manifestations of country wide corruption.
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Budiman Ginting, Rosnidar Sembiring, Mahmul Siregar and Afrita Abduh
Purpose – The purpose of this paper is to provide legal certainty in developing a special economic zone (SEZ) in order to build the national and regional economy. Besides that, an…
Abstract
Purpose – The purpose of this paper is to provide legal certainty in developing a special economic zone (SEZ) in order to build the national and regional economy. Besides that, an other purpose is to push the Central Government, the Provincial Government, the Regional Goverment, and the Management Institution to complete the infrastucture and also harmonize the policies and regulations regarding the SEZ in Indonesia, especially in Sei Mangkei.
Design/Methodology/Approach – The research method that authors used is the sociological legal research and the normative legal research which approach the economic development in social economic zone in Sei Mangkei, the issues that happened in reality, and they analyze the related regulation in SEZ.
Findings – The result thus obtained shows that legal certainty has not been realized completely which caused undevelopment of SEZ in Sei Mangkei. Besides the legal certainty factor, the unfinished infrastructure also caused the undevelopment, even though according to Act number 39 of 2009 regarding SEZ, an operated SEZ has fulfilled the needs and appropriateness of the infrastructure. In reality, Sei Mangkei SEZ, which has been operational, is not supported by the appropriateness of the infrastructure such as the port, train rail, hazardous waste material management facility, final disposal vessel, and also the issue of electricity and gas.
Practical Implications – This result can help Central Government or Provincial Government in establishing the regulations that can provide the legal certainty in developing the SEZ in Sei Mangkei.
Originality/Value – In addition to increasing the role of law in economic development understanding, this paper can be of legal and economic relevance.
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Chong Huang and Lu Liu
China has established 14 marine economic development demonstration zones in 2018, which has become an important step in exploring the high-quality development of the marine…
Abstract
Purpose
China has established 14 marine economic development demonstration zones in 2018, which has become an important step in exploring the high-quality development of the marine economy. The paper statistically analyzes the documents related to the field of marine economy and special economic zones (SEZs) and strives to find out the hot spots, intersections and related development contexts of the two in the research direction, so as to provide some ideas for later research.
Design/methodology/approach
By taking the bibliographic information data of “Marine Economy” and “Special Economic Zone” in the Web of Science database as a sample, the paper applies the Citespace bibliometric tool to analyze the evolution of disciplinary distribution, research country, author collaboration and research hotspot trends in the two fields.
Findings
It can be found from the paper results that the current research on marine economy and SEZs involves the intersection of many disciplines. China and the United States are the leaders in this field. However, there is more extensive cooperation between authors from different countries, but the cooperation depth needs to be strengthened. At the same time, compared with the terrestrial economy, the trend of its research hotspots is lagging to a certain extent. Moreover, there is still no systematic and professional research paradigm on marine economy.
Research limitations/implications
At present, there are a few research studies on marine economic development demonstration areas or marine SEZs, and related bibliographical references are incomplete, which leads to insufficient samples, and bibliometric methods cannot fully reveal the general research rules and development trends in this field.
Originality/value
The research on the marine economic development demonstration area is still in its infancy. The paper jointly analyzes the literature in the two fields of marine economy and SEZs, aims to find the intersection and related research hotspots of the two, and provides references for the future research of marine development demonstration areas, which is of certain practical significance.
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The purpose of this study is to show under what conditions a special economic zone will succeed at spurring development and at sparking broader liberalization.
Abstract
Purpose
The purpose of this study is to show under what conditions a special economic zone will succeed at spurring development and at sparking broader liberalization.
Design/methodology/approach
The authors use a combination of formal modeling and case studies.
Findings
Most special economic zones fail because of rent-seeking. Successful zones create positive economic and political externalities to other regions. Credible reforms are associated with turning the opposition to the zones into supporters, as a consequence to the positive externalities.
Originality/value
The authors add heterogeneity to the model of political elite dynamics, which leads to significant enhancements of the model and removes the pro-centralization bias of the Blanchard and Shleifer's (2001) model. They also criticize Weingast's federalism model as applied to China. Success of China is explained by a different mechanism, which we put forth in this paper.
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Lotta Moberg and Sebastian Reil
The purpose of this paper is to show how special economic zones (SEZs) can be applied to refugee camps. Zones are powerful tools for investors to act like institutional…
Abstract
Purpose
The purpose of this paper is to show how special economic zones (SEZs) can be applied to refugee camps. Zones are powerful tools for investors to act like institutional entrepreneurs, who promote institutional reform by pursuing exemptions from government constraints and taxes or by advocating for reform. Refugee SEZs (R-SEZs) would similarly allow for institutional entrepreneurs to promote broader immigration reform.
Design/methodology/approach
The authors apply a political economy framework to R-SEZs that explores the factors that make them feasible. A mathematical model is applied to explicitly define the conditions under which the zones could succeed in benefiting refugees, investors and the host economy alike.
Findings
Under certain conditions, appropriate tax rates can be applied to R-SEZs that make them feasible. Feasibility is determined by being beneficial for the host country while also attracting investors. The zones are feasible if they attract enough foreign investors as opposed to domestic investors. Other factors contributing to zone success are higher wages outside the zone, lower wages inside it, higher cost to the government of non-employed refugees, lower relocation cost for businesses and a higher tax rate outside the zone.
Practical implications
This policy would aim to provide job opportunities to refugees, profit opportunities to investors and lower net costs for the host government. R-SEZs should be considered by policy makers in countries hosting refugee camps. Just like the old model of SEZs, they can benefit workers while also enhancing the government’s budget.
Social implications
R-SEZs have the potential to alleviate the refugee crisis the world is facing, which is arguably one of the largest social challenges of our time.
Originality/value
This paper is the first to outline the political economy conditions for SEZs applied to refugee camps.
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Sajida Batool, Saranjam Baig, Mehmood Khalid and Khalid Mehmood Alam
This study aims to examine the perceptions and opinions of relevant stakeholders regarding entrepreneurship opportunities and growth in the Gilgit-Baltistan (GB) province of…
Abstract
Purpose
This study aims to examine the perceptions and opinions of relevant stakeholders regarding entrepreneurship opportunities and growth in the Gilgit-Baltistan (GB) province of Pakistan. Specifically, it focuses on the role of special economic zones (SEZs), such as Maqpondass SEZ and the China–Pakistan Economic Corridor (CPEC), in fostering nascent entrepreneurship (NE) and promoting regional development.
Design/methodology/approach
The study employs ordered logistic regression to estimate the relationship between various independent variables and nascent entrepreneurship (NE). The independent variables include awareness of CPEC (AAC), awareness of Maqpondass SEZ (AAMEZ), SEZ incentives (SEZInc), regional market competitiveness (RMC), loan availability (LA) and education and experience (EE).
Findings
The findings indicate a robust positive relationship between SEZ-based industries and the growth of local small businesses and enterprises in Gilgit-Baltistan. Furthermore, the study suggests that government incentives, access to finance, skill development, relevant knowledge, and connections with local businesses facilitate the establishment of new ventures.
Practical implications
The study underscores the importance of focusing on human capital development, providing financial assistance, and creating incentives for adopting advanced technology to foster the growth of local businesses in Gilgit-Baltistan through SEZs. It emphasizes the need for policymakers and stakeholders to prioritize initiatives that support entrepreneurship and innovation in the region.
Originality/value
This study contributes to the existing literature by providing novel insights into the perceptions of entrepreneurship development in Gilgit-Baltistan, particularly concerning the influence of natural resources and SEZs. It fills a gap in the research by offering valuable implications for policymakers, researchers, and practitioners seeking to promote sustainable economic development in the region.
Details
Keywords
Special economic zones in Russia.
Details
DOI: 10.1108/OXAN-DB224039
ISSN: 2633-304X
Keywords
Geographic
Topical
Special Economic Zones in South-east Asia.