Industrial clusters are promoted by policy and generally viewed as good for growth and development, but both clusters and policies may also enable non-competitive behavior. This paper studies the presence of non-competitive pricing in geographic industrial clusters. We develop, validate, and...

The free trade zone agreement between Eurasian Economic Union (EAEU) and the Socialist Republic of Vietnam will come into force starting 5 October 2016. The document, which envisages easing of access to their markets in the framework of mutual trade of member states, will allow to significantly...

A country whose major source of revenue is an object of free trade zone program raises interest. The concept of Free Trade Zones in Nigeria was embraced as far back as 1992 with the purpose of providing an atmosphere that encourages both local and foreign investments. This paper seeks to examine...

Developments that unfolded in Q1 2016, particularly the decline of crude oil prices down to a 12-year low, may result in worse-than-expected outcomes at 2016 year-end. Unlike the forecast that we made in January, we have revised down our 2016 baseline scenario for GDP growth rates from -1.4% to...

On 1 April 2016, the transition on period terminates for a number of enterprises, which exploit preferential customs treatment in trading of goods manufactured in the territory of the Special Economic Zone (SEZ) of the Kaliningrad region to the rest of the territory of Eurasian Economic Union (EEU)

The competition among countries to attract anchor businesses with significant economic ripple effects is intensified each day. In this regard, the current eight Free Economic Zones must be reduced in number in order to enhance their competitiveness and they must serve as ‘new testing ground...

We analyse the economic impacts of place-based policies that aim to enhance economic development by stimulating growth and productivity of firms in designated areas. We use unique panel data from China with information on manufacturing firms' production factors, productivity and location, and we...