The impact of special economic zones on structural change
The impact of special economic zones on structural change
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DOI：
10.1080/09638199.2024.2309927
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发表时间：
2024-02
期刊：
影响因子：
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通讯作者：
C. Otchia;B. A. Wiryawan
中科院分区：
文献类型：
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作者：
C. Otchia;B. A. Wiryawan
在过去三十年中，经济特区法律的交错颁布为我们提供了一个独特的机会，以确定基于地方的政策对结构变化的因果影响。通过差异中的差异和事件研究，我们提供了经济特区对结构变化和工业化具有因果影响的新证据。我们发现，经济特区政策提高了工业占GDP的比重，降低了农业和服务业的比重。我们通过检查收入群体和地理区域的异质性来理清这些影响。我们发现经济特区政策对亚洲和拉丁美洲的工业增长具有积极和显著的作用，而对非洲国家没有显著的影响。总体而言，这项研究是利用1995年至2018年超过126个国家的大型面板数据集确定经济特区因果影响的首次努力之一。
The staggered enactment of special economic zones (SEZ) laws in the last three decades provides us with a unique opportunity to identify the causal impact of place-based policies on structural change. Using difference-in-differences and event studies, we provide new evidence that SEZs have a causal impact on structural change and industrialization. We find that adopting an SEZ policy increased the GDP share of industry and decreased the shares of the agriculture and service sectors. We disentangle these effects by examining the heterogeneities by income groups and geographic regions. We find that SEZ policies have been positive and significant for industrial growth in Asia and Latin America, while having no significant effect for African countries. Overall, this study represents one of the first efforts to identify the causal impact of SEZs using a large panel dataset of more than 126 countries for 1995–2018.