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The rationale of special economic zones ( SEZs ): An I nstitutional approach
Author(s) -
Hazakis Konstantinos J.
Publication year - 2014
Publication title -
regional science policy and practice
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.342
H-Index - 8
ISSN - 1757-7802
DOI - 10.1111/rsp3.12030
Subject(s) - argument (complex analysis) , special economic zone , economic geography , economic system , political science , economics , law , china , biochemistry , chemistry
Research on special economic zones ( SEZs ) economics has burgeoned in the last three decades. The paper enriches the understanding of SEZ rationale from an institutionalist methodological approach. The key argument is that the literature should examine the processes through which cognitive, regulative and organizational traits of SEZs interact. It is argued that the methodological gap between economic agents, institutional structures and SEZ organizations could be bridged if more light is being shed on their interaction rather on their analytical separation. Equally important, it is claimed that the interplay of SEZ structures and SEZ economic agents determines the success or the failure of zones.