Establishing new SEZs, along with improving foreign relationships, is treated as the most important policy measure for opening the North Korean economy. Recently, North Korea has shown its interest in promoting two new SEZs, the Gaeseong industrial park and the Shinuiju special administrative...

This paper investigates the process of developing and implementing Special Economic Zones (SEZs) and industrial parks in Russia. Governments commonly use SEZ policies to develop and diversify exports, create jobs, and launch technology and knowledge sharing. The industrial cluster concept is...

In this study, we seek to explore the impact of a state level transmission expansion project, the Competitive Renewable Energy Zone (CREZ), whose goal is to integrate a massive amount of wind energy, on the wholesale market prices in the Electric Council of Texas (ERCOT). We find strong evidence...

This paper examines the ability of place-based policies in China to foster agglomeration economies via Marshallian-based externalities that are expected to arise due to the reduction in transports costs associated with supplier-buyer linkages, labor pooling and knowledge spillovers. Empirically,...

Special economic zones (SEZs) have a long and complicated relationship with the United States. The lineage of the country runs back to proto-SEZs, created when Old World governments sold entrepreneurs charters to build for-profit colonies in the New World, such as Jamestown and New Amsterdam. In...

When we think about the legal drivers of globalization, why does the free movement of people lag so far behind the free movement of goods and services? While agreements to lower barriers to cross-border trade are enforced by global legal rules and institutions, national governments indisputably...

Many are the reasons why governments decide to implement a free trade zone, or a foreign trade zone, in their own countries. The most common one is to boost the economic development of a specific region of the nation. This is achieved by offering incentives to domestic and foreign companies such...

I use the results of a survey on the adoption patterns of Business Improvement Districts (BIDs) in the state of California to begin filling a gap in our understanding of the role and prominence of the broader class of special assessment districts. A BID is formed when a majority of merchants or...