The establishment of incentive zones represents a cluster policy approach that a country can implement to boost economic growth. Being influenced by regional characteristics, the impact and success of specific incentive types (SEZs, FTZs, FZs) may vary considerably. By using a new composite indicator, differently designed according to each type of development plan, able to assess the role played by various factors upon the economic impact, this study analyzes 51 European incentive zones so as to identify best practices. Moreover, propensity score matching allows the net impact of the industrial policy to be assessed. The findings show significant positive results achieved by the various industrial policy instruments with differing levels of success.
Assessing the impact of special economic zones on regional growth through a comparison among EU countries
Napolitano Oreste;
2022-01-01
Abstract
The establishment of incentive zones represents a cluster policy approach that a country can implement to boost economic growth. Being influenced by regional characteristics, the impact and success of specific incentive types (SEZs, FTZs, FZs) may vary considerably. By using a new composite indicator, differently designed according to each type of development plan, able to assess the role played by various factors upon the economic impact, this study analyzes 51 European incentive zones so as to identify best practices. Moreover, propensity score matching allows the net impact of the industrial policy to be assessed. The findings show significant positive results achieved by the various industrial policy instruments with differing levels of success.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
