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

Chee Kian Leong

International Economics and Economic Policy, 2013, vol. 10, issue 4, 549-567

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. Copyright Springer-Verlag 2013

Keywords: Special economic zones (SEZs); Openness; Economic growth; Asia; China; India (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s10368-012-0223-6

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