Abstract
One of the ways to comńnce investors, in particular foreign ones, to participate in the pursuit of host country s economic policies leads through the development of Special EconomicZones (SEZs), which are designed to offer business environment morę favourable than in other locations.The SEZs, which have been established and developed in Poland, play a positive role in attracting foreign direct investment (FDI) or creating new jobs but they may also have negative conseąuences, such as deepening regional disproportions in the country.This paper aims at examining whether location in a particular region (understood as a unit of administrative division of the country at the level of a voivodship) could be a factordetermining the inflows of foreign direct investment (FDI) to the SEZs. The study uses statistical methods (Spearmans rank correlation and Pearson correlation). Our calcula- tions have shown statistically significant positive relationships between FDI inflow to SEZs and coefficients that describe the attractiveness (collective and partial) and economic advancement of voivodships.However, it seems that against hopes vested in them, SEZs do not reduce regional economic differentiation in Poland. The results may suggest the need to reconsider the so far applied policy designed to support investors. At the same time, they prove that State interference intended to mitigate market imperfections may itself become the source thereof.
Highlights
Economic policy appears to be addressed predominantly to potential domestic and foreign investors
One of the ways of encouraging them to participate in the pursuit of countrys economic goals leads through the establishment of special economic zones (SEZs), which offer m orę favourable business conditions than those available in other locations across the country Despite old theoretical debates whether such growth dualism is per saldo beneficial to the whole country[5], the instrum ent is becoming increasingly morę popular especially in developing and emerging economies
This paper aims at examining whether location in a particular region could be a factor determ ining the inflows of foreign direct investment (FDI) to the Special Economic Zones (SEZs)
Summary
Economic policy appears to be addressed predominantly to potential domestic and foreign investors. One of the ways of encouraging them to participate in the pursuit of countrys economic goals leads through the establishment of special economic zones (SEZs), which offer m orę favourable business conditions (e.g. tax, regulatory, infrastructural, administrative, and financial Solutions) than those available in other locations across the country Despite old theoretical debates whether such growth dualism is per saldo beneficial to the whole country[5], the instrum ent is becoming increasingly morę popular especially in developing and emerging economies. In turn, came to the conclusion that SEZs, on the one hand, played a positive role w hen it comes to attracting domestic and foreign investment and creating new jobs but, at the same time, they produced regional stratification in Poland sińce too often they were established in relatively highly developed areas[13]. The study was conducted using statistical methods (Spearmans rank correlation and Pearson correlation)
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