Fiscal Implications of Special Economic Zones (SEZs) Expansion in India: A Resource Cost Approach

2015 ◽  
Vol 06 (01) ◽  
pp. 1550006 ◽  
Author(s):  
Malini L. Tantri
Keyword(s):  
Capital Expenditure ◽  
Reference Period ◽  
Special Economic Zones ◽  
Fiscal Health ◽  
Cost Approach ◽  
Resource Cost ◽  
The Government ◽  
Economic Zones ◽  
Fiscal Implications

This paper analyzes the fiscal implications of special economic zones (SEZs) on the government exchequer. The analysis is based on aggregating data collected from seven conventional SEZs and taking 1990–1991 to 2007–2008 as the reference period. The exercise reveals that the government has spent huge sums of money to play the role of a trade facilitator and has, in the process, lost considerable revenue as a fiscal manager. This, in turn, has affected both revenue and capital expenditure of the government's budget. Given the magnitude of these costs, one cannot but raise questions about the actual contributions of these enclaves to the national fiscal health and the feasibility of relentlessly adopting measures that seeks to promote these zones across the nation.

scholarly journals CPEC and Energy Rejuvenation: A Road to Improvement

2019 ◽  
pp. 154-170
Author(s):  
Fauzia Mubarik ◽  
Javeria Shabbir
Keyword(s):  
Qualitative Research ◽  
Wind Power ◽  
Research Study ◽  
Energy Crisis ◽  
Electricity Distribution ◽  
Special Economic Zones ◽  
Sales Revenue ◽  
Qualitative Research Study ◽  
Economic Zones

This qualitative research study aims to investigate the role played by the established special economic zones under the program of the China-Pakistan Economic Corridor to improve and upgrade the energy sector in Pakistan. The key role of China under the Joined Cooperation Committee formed in 2013 has paved ways for Pakistan to bring profound stability in the energy crisis being faced by Pakistan which is also evident from its most recent investment of 33.45 billion Rupees under the CPEC mega energy project respectively. The availability of approximately 10,000 megawatts electricity to the National Grid of Pakistan in the year 2018 is near to its accomplishment phase. However, this accomplishment poses itself many challenges that may halter the smooth reviving of the energy and power crisis. The challenge of bridging the gap between the purchase prices of the electricity distribution companies (DISCOS) and the sales revenue generated as well as the inclusion of more hydropower projects because of them being less expensive than the wind power projects respectively.

scholarly journals HALAL TOURS AS THE FORM OF ISLAMIC CIVILIZATION PROGRESS (SPECIAL ECONOMIC ZONE MANDALIKA) LOMBOK

2018 ◽  
Vol 15 (2) ◽  
pp. 62-70
Author(s):  
Mohammad Jeffry Maulidi
Keyword(s):  
Cultural Values ◽  
Field Research ◽  
Special Economic Zone ◽  
Special Economic Zones ◽  
Business Policy ◽  
Sociological Approach ◽  
Economic Zone ◽  
The Government ◽  
Islamic Civilization ◽  
Economic Zones

This research found that implementation of da’wah in Halal tourism in Special Economic Zones (KEK) in multicultural on the application of Islamic cultural values through social construction and approach of education Sunnah can improve progress and contribution to society and quality of facilitation of educational development to increase understanding source of human power. This research is a field research with qualitative method used with history and sociological approach. Data collection techniques are done by interviews, observations, and documents. A source of data in this study is the community of tourism actors in the Special Economic Zone of Lombok. This research produces and enhances the application of Islamic cultural values to the improvement of Human Resources and preservation of existing local wisdom, in the Special Economic Zones (KEK) is a pro-business policy from the government in order to accelerate the achievement of national economic development, which aims to accelerate regional development.

scholarly journals PENGEMBANGAN WATERFRONT RESORT DI TRANQUIL TANJUNG AAN DI K.E.K MANDALIKA

2020 ◽  
Vol 1 (2) ◽  
pp. 2229
Author(s):  
Gatot Yoda Kusumah ◽  
Liong Ju Tjung ◽  
Priyendiswara A.B. Priyendiswara
Keyword(s):  
Regional Development ◽  
Foreign Exchange ◽  
Special Economic Zone ◽  
Special Economic Zones ◽  
Unitary State ◽  
Tourism Sector ◽  
Economic Zone ◽  
The Republic ◽  
The Government ◽  
Economic Zones

Indonesian tourism is an important sector in increasing state revenues. The tourism sector ranks third in terms of foreign exchange earnings. in 2014 The government established tourism as the leading sector in improving the economy to encourage regional development and employment. With the law of the Republic of Indonesia number 39 of 2009 concerning Special Economic Zones, hereinafter referred to as K.E.K is a region with a certain boundary with the jurisdiction of the Unitary State of the Republic of Indonesia which is determined to carry out economic functions and obtain certain facilities. Kab. Central Lombok is one of the places where there is a K.E, namely K.E.K Mandalika. In order to increase the income of the Lombok region where the development of K.E.K Mandalika is 1,175 ha and the author takes 21 ha of land at K.E.K Mandalika to develop a Resort with a waterfront concept in order to increase Lombok tourism. Based on background problems, the main underlyinh problem is the lack of supporting facilities to support activities in the Mandalika Special Economic Zone, therefore the need for accommodation in the Mandalika Special Economic Zone.Abstrak Pariwisata Indonesia menjadi sektor yang penting dalam peningkatan pendapatan Negara. Sektor pariwisata menempati urutan ketiga dalam hal penerimaan devisa. Pemerintah pada tahun 2014 menetapkan pariwisata sebagai leading sektor dalam peningkatan perekonomian untuk mendorong pembangunan daerah dan lapangan pekerjaan. Dengan adanya undang-undang Republik Indonesia nomor 39 tahun 2009 tentang Kawasan Ekonomi Khusus, yang selanjutnya disebut K.E.K (kawasan ekonomi khusus), adalah Kawasan dengan batas tertentu dengan wilayah hukum Negara Kesatuan Republik Indonesia yang ditetapkan untuk menyelenggarakan fungsi perekonomian dan memperoleh fasilitas tertentu. Kab. Lombok Tengah merupakan salah satu tempat dimana terdapat K.E.K yakni adalah K.E.K Mandalika. Guna dapat meningkatkan pendapatan daerah lombok dimana Pengembangan K.E.K Mandalika seluas 1.175 ha dan Penulis mengambil 21 ha lahan di K.E.K Mandalika untuk dikembangkan Resort dengan konsep waterfront guna dapat meningkatkan pariwisata lombok. Berdasarkan permasalahan latar belakang, permasalahan utama yang mendasar adalah belum adanya fasilitas pendukung untuk menunjang aktivitas di Kawasan Ekonomi Khusus Mandalika.

Refugee special economic zones

2018 ◽  
Vol 7 (3) ◽  
pp. 290-303
Author(s):  
Lotta Moberg ◽  
Sebastian Reil
Keyword(s):  
Political Economy ◽  
Refugee Camps ◽  
Special Economic Zones ◽  
Content Type ◽  
Tax Rate ◽  
Social Challenges ◽  
Institutional Entrepreneurs ◽  
Host Government ◽  
The Government ◽  
Economic Zones

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.

scholarly journals KAWASAN EKONOMI KHUSUS DAN PEMBANGUNAN EKONOMI REGIONAL: SEBUAH STUDI LITERATUR

2020 ◽  
Vol 1 (2) ◽  
pp. 40-54
Author(s):  
Nurafni Irma Suryani ◽  
Ratu Eva Febriani
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Regional Economy ◽  
Positive Impact ◽  
Special Economic Zones ◽  
Literature Study ◽  
Economic Growth Rate ◽  
Economic Zones ◽  
The Impact

Special Economic Zones are very important for the progress of an area. SEZ is able to contribute to the regional economy and increase economic development by providing direct and indirect effects. The purpose of this study is to determine the impact of special economic zones on regional economic development. The object of this study is to explore the establish SEZ in Indonesia just only refer to two SEZs namely SEI Mangke and Tanjung Lesung. This research used literature study as a method. The results show that SEZ make the regional economy is starting to move towards a better direction. The role of two SEZs observed have different impact on regional economy, SEI Mangke has a positive impact on macroeconomy indicator such as reduced unemployment, reduced poverty and an increased economic growth rate in Simalungun Regency. Otherwise, Tanjung Lesung just has a positive impact on MSMEsKeywords: Unemployment, Poverty, Economic Growth, Pengembangan UMKM, SEZ Sei Mangke, SEZ Tanjung Lesung

The Global Experience in Special Economic Zones

2020 ◽  
pp. 242-261
Author(s):  
Thomas Farole
Keyword(s):  
Large Scale ◽  
Private Investment ◽  
Local Economy ◽  
Political Support ◽  
Location Decisions ◽  
Special Economic Zones ◽  
Key Stakeholders ◽  
Economic Zones ◽  
Over Time

This chapter provides a global, historical overview of the role of special economic zones (SEZs) in supporting industrialization, showing that approaches, experiences, and results vary widely across countries and over time, and identifying a number of key lessons on what differentiates successful from unsuccessful SEZ programmes. Amongst these lessons, the chapter highlights the importance of political support, location decisions, aligning the incentives of key stakeholders, strategic flexibility, and local economy integration over time. Perhaps most importantly, it argues that SEZs which successfully supported industrialization have aligned their SEZ offering with comparative advantage and have used the flexibility of the SEZ instrument in a targeted way to overcome critical constraints to large-scale private investment.

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