The Effectiveness of Lodz Special Economic Zone in the Circumstances of Crisis According to P. Warr
15 Pages Posted: 14 Apr 2012
Date Written: April 12, 2012
Abstract
The main goal of this paper is to find an influence of Lodz Special Economic Zone in Poland on the economic development of Lodz region in time of crisis. In paper were used statistical data from years 2000-2009, which gives possibility to describe economic processes in macro region of Lodz with crisis conditions. In publications was presented economic simulations, which allow describing and evidencing, strong immunization local economy for crisis effects. Model P.Warr is an empirical model which analyzes cash flow join with corporations in SEZ, and calculate, results of SEZ activity for host-country. Model uses data from companies in SEZ, and predictions of national economy from polish financial institutions. Model P.Warr for the first time described the Far East countries with SEZ in 1988, and it was adapted to conditions EC and Poland. Some variables were reduced and some were modified and upgraded. More complicated was to prove (with regional macro data) that SEZ in necessary. It is joined with short time of existing LSEZ and difficult situations region of Lodz before SEZ.
Keywords: special economic zone, investment, regional development, public help
JEL Classification: H20, H30, H50
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