scholarly journals Special Economic Zones: A Comparison of the Economic Policies of China and Pakistan

2018 ◽  
Vol III (II) ◽  
pp. 12-19
Author(s):  
Sohail Ahmad ◽  
Inayat Kaleem ◽  
Hajra Nasir Satti
Keyword(s):  
Economic Development ◽  
Economic Policies ◽  
Special Economic Zones ◽  
Long Run ◽  
One Belt One Road ◽  
Short Run ◽  
Two Phases ◽  
Economic Zones ◽  
The Way

China established Special Economic Zones (SEZs) in the late seventies and eighties which later became major drivers of their economic development. Now China is replicating the same phenomenon in Pakistan under CPEC. China, through the China Pakistan Economic Corridor (CPEC), the flagship project of One Belt One Road, has pledged to invest sixty-two (62) billion US dollars in Pakistan. The development of SEZs in Pakistan is divided into two phases. Phase one started in 2012, and the main focus in this phase was on Dhabeji, Rashakai Faisalabad. In phase two nine SEZs will be developed. If Pakistan successfully manages the SEZs it will shift the country towards industrialization in the long run and stabilize the Pakistani economy in the short run. However, many inconsistencies have originated due to Pakistans weak economic policies. This paper will provide a comparison between the SEZs in Pakistan and China, and how Pakistan can capitalize on the SEZs and pave the way for industrialization.

scholarly journals Implications of Governance, Natural Resources, and Security Threats on Economic Development: Evidence from Sub-Saharan Africa

2021 ◽  
Vol 18 (12) ◽  
pp. 6236
Author(s):  
Husam Rjoub ◽  
Chuka Uzoma Ifediora ◽  
Jamiu Adetola Odugbesan ◽  
Benneth Chiemelie Iloka ◽  
João Xavier Rita ◽  
...  
Keyword(s):  
Economic Development ◽  
Natural Resources ◽  
Causal Effect ◽  
Sub Saharan Africa ◽  
Security Threats ◽  
African Countries ◽  
Significance Level ◽  
Long Run ◽  
Short Run ◽  
Sub Saharan

Sub-Saharan African countries are known to be bedeviled with some challenges hindering the economic development. Meanwhile, some of these issues have not been exhaustively investigated in the context of the region. Thus, this study aimed at investigating the implications of government effectiveness, availability of natural resources, and security threats on the regions’ economic development. Yearly data, spanning from 2007 to 2020, was converted from low frequency (yearly) to high frequency (quarterly) and utilized. Data analysis was conducted using Dynamic heterogeneous panel level estimators (PMG and CS-ARDL). Findings show that while PMG estimator confirms a long-run causal effect of governance, natural resources, and security threats on economic development, only natural resources show a short-run causal effect with economic development, while the CS-ARDL (model 2) confirms the significance of all the variables both in the long and short-run. Moreover, the ECT coefficients for both models were found to be statistically significant at less than 1% significance level, which indicates that the systems return back to equilibrium in case of a shock that causes disequilibrium, and in addition, reveals a stable long-run cointegration among the variables in the model. Finally, this study suggests that the policy makers in SSA countries should place more emphasis on improving governance, managing security challenges, and effectively utilizing rents from the natural resources, as all these have severe implications for the economic development of the region if not addressed.

Regulation of Special Economic Zones Through Regional Trade Agreements: Confronting the Synergy Issue

2021 ◽  
Author(s):  
Manjiao Chi
Keyword(s):  
Economic Development ◽  
Policy Making ◽  
Trade Agreements ◽  
Legal Framework ◽  
Regional Trade Agreements ◽  
Special Economic Zones ◽  
International Level ◽  
Regional Trade ◽  
Economic Zones ◽  
Rule Making

ABSTRACT Special economic zones (SEZs) and regional trade agreements (RTAs) are frequently used by states as policy tools to promote economic development. As SEZs and RTAs overlap in geographical coverage and regulation areas and are implemented in parallel, they could create profound synergies. As there is no specialized international legal framework for SEZ regulation, and national SEZ laws seldom touch upon the synergy issue, SEZ regulation is largely left to RTAs at the international level. Yet, existing SEZ-related provisions in RTAs almost exclusively focus on trade in goods and appear insufficient in addressing the synergy issue—especially ‘new synergies’ created by ‘advanced SEZs’ and ‘deep RTAs’. To properly address the synergy issue, states should treat SEZ policy-making and RTA rule-making in a coordinated way and consider adopting a regional or multilateral approach in SEZ regulation.

Customs regulation of activities on the territory of special economic zones

2021 ◽  
Author(s):  
Veronika Grigoryevna Iordanova ◽  
Andrei Romanovich Bojko
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Foreign Investment ◽  
Economic Activity ◽  
Global Value Chains ◽  
Value Chains ◽  
Special Economic Zones ◽  
Socio Economic Development ◽  
The Russian Federation ◽  
Economic Zones

In the article, the authors analyze the functioning of special economic zones in the Russian Federation. Currently, based on the established world practice, special economic zones can act as a catalyst for attracting foreign investment and ensuring effective regional socio-economic development. Therefore, according to the authors, the issues of improving the functioning of the SEZ are of particular importance. The analysis of the results of the functioning of special economic zones in the Russian Federation shows that there is a significant potential for their development. Due to the fact that the functioning of special economic zones is inextricably linked with the conduct of foreign economic activity, and the SEZs themselves are a tool for integrating the country into global value chains, the issues of customs regulation of activities on their territory become important, which acts as an effective way for the state to influence foreign economic activity and have significant opportunities in stimulating the development of special economic zones in the Russia. In this regard, the study of the application of customs regulation measures as important factors in the development of special economic zones in the Russian Federation is very relevant. Special attention was paid to the study of the regulatory framework for the application of customs procedures in respect of goods imported into the territory of special economic zones and exported from such territories. According to the results of the study, it was found that there are significant gaps in the current legislative regulation of this range of legal relations. The article formulates specific measures that can contribute to improving the efficiency of the functioning of special economic zones in the Russian Federation.

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI INVESTASI DALAM NEGERI DI JAWA TENGAH TAHUN 1980-2002

2007 ◽  
Vol 8 (1) ◽  
pp. 62
Author(s):  
Eni Setyowati ◽  
Siti Fatimah NH
Keyword(s):  
Economic Development ◽  
Development Process ◽  
Research Model ◽  
Domestic Investment ◽  
Correction Model ◽  
Central Java ◽  
Long Run ◽  
Short Run ◽  
Research Benefit ◽  
One Year

Investment is one of important component for sustainable economic development process. The research objective that want achieved is to estimate influence of labour, inflation, PDRB, and interest rate to domestic investment (PMDN) in Central Java. The research benefit was to clarify factors that influenced domestic investment and gave insight and input for local government in formulating economy policy.One of method for analysing long-run and short run influence was by using dynamic model. In this research, model which applied was ENGLE GRANGER ERROR CORRECTION MODEL (EG-ECM) based on granger representation theoremResult of this research indicated that domestic investment one year ago was variable which influenced significantly in short run while rate of interest influenced in long run.

Enterprising SEZ Enclaves and Economic Development in India

2018 ◽  
Vol 19 (1) ◽  
pp. 1-33
Author(s):  
Sazzad Parwez
Keyword(s):  
Economic Development ◽  
Special Economic Zones ◽  
Employment Creation ◽  
Know How ◽  
Domestic Firms ◽  
Foreign Affiliates ◽  
The Creation ◽  
Development Assessment ◽  
Economic Zones ◽  
Conducive Environment

This paper is based on the premises of economic development through the creation of economic enclaves across the region-seeking industrialization in the context of India. The study suggests that Special Economic Zones policy has attracted a considerable amount of export-oriented investment and production, employment creation, and technical know-how. However, the policy has not met the desired results considering the objective of economic development. Assessment leads to understanding that competitiveness of domestic firms and linkages with foreign affiliates can be strengthened by the adoption of institutional re-structuring to create the conducive environment for further industrialization. It may lead to related spillovers to have positive impacts on the overall economy.

Does transportation infrastructure impact economic growth in India?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sreenu Nenavath
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Transport Infrastructure ◽  
Causality Test ◽  
Content Type ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
Determinants Of Economic Growth

Purpose This paper aims to show a long run and causal association between economic growth and transport infrastructure. Design/methodology/approach In this study, the authors use ARDL models through the period 1990 – 2020 to investigate the relationship between transport infrastructure and economic growth in India. Findings The infrastructure has a positive impact on economic growth in India for the long run. Moreover, Granger causality test demonstrates a unidirectional relationship between transport infrastructure to economic development. Stimulatingly, the paper highlights the effect of air infrastructure statistically insignificant on economic growth in the long and short-run period. Originality/value The original outcome from the study delivers an inclusive depiction of determinants of economic growth from transport infrastructure in India, and these findings will help the policymakers to frame policies to improve the transport infrastructure. Hence, it is proposed that the government of Indian should focus more to upsurge the transport infrastructure for higher economic development.

CRITERIA FOR DEVELOPING AND EVALUATING THE EFFECTIVENESS OF THE SPECIAL ECONOMIC ZONES OF THE REPUBLIC OF UZBEKISTAN

2021 ◽  
Vol 4 (3) ◽  
pp. 79-85
Author(s):  
Madina Elmuradova ◽  
Keyword(s):  
Economic Development ◽  
Special Economic Zone ◽  
Economic Indicators ◽  
Special Economic Zones ◽  
The World ◽  
Socio Economic Development ◽  
Economic Zone ◽  
The Republic ◽  
Economic Zones ◽  
Efficiency Indicators

This article outlines special economic zones that play an important role in the socio-economic development of the country, and the use of this term in the reports of influential organizations around the world,as well as changes in the legislation of the Republic of Uzbekistan. In addition, the factors important for the effective functioning of the special economic zone, and the criteria for assessing the effectiveness of its activities are systematized and analyzed through the economic indicators of the SEZ "Navoi"Keywords:special economic zone, investment, free economic zone, export, import, efficiency indicators.

scholarly journals Eco-Design and Energy Saving Concepts for the Agricultural – Commercial Fringe Communities in Western Thailand

2018 ◽  
Vol 57 ◽  
pp. 04003
Author(s):  
Pastraporn Thipayasothorn ◽  
Rachadakorn Phonpakdee ◽  
Saravanee Phuengpunum ◽  
Aumamporn Pechsinjon
Keyword(s):  
Economic Development ◽  
Physical Environment ◽  
Local Environment ◽  
Community Planning ◽  
Special Economic Zones ◽  
Fringe Communities ◽  
Economic Development Plan ◽  
Commuting Patterns ◽  
Economic Zones ◽  
Fringe Area

These The purpose of this study was to develop planning for the communities along the agricultural – commercial fringe in the Special Economic Zones of western Thailand corresponding to the area’s physical environment, activities and commuting patterns. In order to fulfill the purpose, this study has analyzed the significant activities and commuting patterns of the communities along the particular fringe area in the Special Economic Zones of 5 western provinces as well as the opinions towards community planning given by 400 residents living in the certain areas. The findings indicated that the establishment of an economic development plan for the development of commuting routes of the Special Economic Zone in the western part of Thailand is very appropriate. The plan will ultimately enhance economic development by optimizing all commuting routes, activities, and resources that originally exists in the local environment and economically impact all community throughout every region of Thailand.

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