Fostering entrepreneurship and development in rural mountainous regions: the role of SEZs and local economic dynamics in Gilgit-Baltistan

IF 2.7 4区 管理学 Q2 BUSINESS
Sajida Batool, Saranjam Baig, Mehmood Khalid, Khalid Mehmood Alam
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Abstract

Purpose

This study aims to examine the perceptions and opinions of relevant stakeholders regarding entrepreneurship opportunities and growth in the Gilgit-Baltistan (GB) province of Pakistan. Specifically, it focuses on the role of special economic zones (SEZs), such as Maqpondass SEZ and the China–Pakistan Economic Corridor (CPEC), in fostering nascent entrepreneurship (NE) and promoting regional development.

Design/methodology/approach

The study employs ordered logistic regression to estimate the relationship between various independent variables and nascent entrepreneurship (NE). The independent variables include awareness of CPEC (AAC), awareness of Maqpondass SEZ (AAMEZ), SEZ incentives (SEZInc), regional market competitiveness (RMC), loan availability (LA) and education and experience (EE).

Findings

The findings indicate a robust positive relationship between SEZ-based industries and the growth of local small businesses and enterprises in Gilgit-Baltistan. Furthermore, the study suggests that government incentives, access to finance, skill development, relevant knowledge, and connections with local businesses facilitate the establishment of new ventures.

Practical implications

The study underscores the importance of focusing on human capital development, providing financial assistance, and creating incentives for adopting advanced technology to foster the growth of local businesses in Gilgit-Baltistan through SEZs. It emphasizes the need for policymakers and stakeholders to prioritize initiatives that support entrepreneurship and innovation in the region.

Originality/value

This study contributes to the existing literature by providing novel insights into the perceptions of entrepreneurship development in Gilgit-Baltistan, particularly concerning the influence of natural resources and SEZs. It fills a gap in the research by offering valuable implications for policymakers, researchers, and practitioners seeking to promote sustainable economic development in the region.

促进农村山区的创业和发展:经济特区的作用和吉尔吉特-巴尔蒂斯坦的地方经济活力
目的 本研究旨在探讨相关利益方对巴基斯坦吉尔吉特-巴尔蒂斯坦(GB)省创业机会和增长的看法和意 见。本研究采用有序逻辑回归法来估计各种自变量与新生创业(NE)之间的关系。自变量包括对 CPEC 的认识(AAC)、对马克庞达斯经济特区的认识(AAMEZ)、经济特区激励措施(SEZInc)、区域市场竞争力(RMC)、贷款可用性(LA)以及教育和经验(EE)。研究结果研究结果表明,在吉尔吉特-巴尔蒂斯坦,经济特区产业与当地小企业和企业的增长之间存在稳健的正相关关系。此外,研究还表明,政府激励措施、融资渠道、技能发展、相关知识以及与当地企业的联系都有助于新企业的建立。研究强调了通过经济特区重点发展人力资本、提供财政援助以及为采用先进技术制定激励措施以促进吉尔吉特-巴尔蒂斯坦当地企业发展的重要性。本研究对吉尔吉特-巴尔蒂斯坦创业发展的看法,特别是对自然资源和经济特区影响的看法,提供了新颖的见解,为现有文献做出了贡献。它为寻求促进该地区可持续经济发展的政策制定者、研究人员和从业人员提供了有价值的启示,从而填补了研究空白。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.90
自引率
14.80%
发文量
206
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