The Impact of Special Economic Zones (SEZs) on Economic Growth: Where the Absorption Capacity of Domestic Labor Stands?

IF 1 Q3 ECONOMICS
Etikonomi Pub Date : 2021-11-02 DOI:10.15408/etk.v20i2.19386
Shujaa Waqar, Iftikhar Badshah, Marium Sara Minhas Bandeali, S. Ahmed
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Abstract

This study designs to assess and infer the effect of Special Economic Zones under China-Pakistan Economic Corridor on the economic growth of Pakistan through technological spillovers and the absorption capacity of domestic laborers. The present study develops a theoretical model and an empirical panel model to test whether the intervention of Special Economic Zones in the Asian developing countries has affected their economic growth through domestic Human Capital. For relevant results, we have employed the GMM model for the panel data set. The results indicate that the technological enhancement accumulates the economy through various other selected indicators rather than domestic labor productivity. The human capital remains inconsequent in this nexus. This condition gives us guidelines to follow pro-human capital policies to accumulate domestic human capital before the intervention from the foreign firms on our soil. Subsequently, much waited for dynamic or long-run benefits in terms of human capital can be attained rather than static effects.JEL Classification: C23, D24, J24How to Cite:Waqar, S., Badshah, I., Bandeali, M. S. M., & Ahmed, S. (2021). The Impact of Special Economic Zones (SEZs) on Economic Growth: Where the Absorption Capacity of Domestic Labor Stands?. Etikonomi, 20(2), xx – xx. https://doi.org/10.15408/etk.v20i2.19386.
经济特区对经济增长的影响:国内劳动力的吸收能力在哪里?
本研究旨在通过技术溢出和吸收国内劳动力的能力来评估和推断中巴经济走廊下的经济特区对巴基斯坦经济增长的影响。本研究建立了理论模型和实证面板模型来检验经济特区的干预是否通过国内人力资本影响亚洲发展中国家的经济增长。对于相关结果,我们对面板数据集采用了GMM模型。结果表明,技术提升通过各种其他选定指标而不是国内劳动生产率积累经济。在这种关系中,人力资本仍然是无关紧要的。这为我国在外资企业介入之前,遵循有利于人力资本的政策积累国内人力资本提供了指导。随后,在人力资本方面可以获得许多期待已久的动态或长期利益,而不是静态效应。JEL分类:C23, D24, j24如何引用:Waqar, S., Badshah, I., Bandeali, m.s.m., & Ahmed, S.(2021)。经济特区对经济增长的影响:国内劳动力的吸收能力在哪里?生物工程学报,20(2),xx - xx。https://doi.org/10.15408/etk.v20i2.19386。
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
Etikonomi
Etikonomi ECONOMICS-
自引率
12.50%
发文量
29
审稿时长
12 weeks
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