Investment Timing Problem Under Tax Allowances: The Case of Special Economic Zones

Vadim Arkin, Alexander Slastnikov () and Svetlana Arkina ()
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Svetlana Arkina: University Paris I

A chapter in Operations Research Proceedings 2007, 2008, pp 173-178 from Springer

Abstract: Abstract Special economic zones (SEZ) are aimed at creating a favorable environment (in terms of taxation, custom rights and administrative burden) for businesses. Particularly, the SEZ are dedicated to the development of certain types of industries or to the revitalization of several economically depressed areas. The institutional role of SEZ in economic development is largely referenced in the literature (see for example [3]). Tax exemptions are one of the most used stimuli in order to attract investment in SEZ.

Keywords: Geometric Brownian Motion; Labour Intensity; Federal Budget; Special Economic Zone; Regional Budget (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-540-77903-2_27

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DOI: 10.1007/978-3-540-77903-2_27

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