Special economic zones and growth in China and India: An empirical investigation

Research output: Journal PublicationArticlepeer-review

22 Citations (Scopus)

Abstract

This paper investigates the role of special economic zones (SEZs) in liberalizing the Chinese and Indian economies and their impact on economic growth. The policy change to a more liberalized economy is identified using SEZ variables as instrumental variables. The results indicate that export and FDI growth have positive and statistically significant effects on economic growth in these countries. The presence of SEZs increases regional growth but increasing the number of SEZs has negligible effect on growth. The key to faster economic growth appears to be a greater pace of liberalization.

Original languageEnglish
Pages (from-to)549-567
Number of pages19
JournalInternational Economics and Economic Policy
Volume10
Issue number4
DOIs
Publication statusPublished - Dec 2013

Keywords

  • Asia
  • China
  • Economic growth
  • India
  • Openness
  • Special economic zones (SEZs)

ASJC Scopus subject areas

  • Economics and Econometrics

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