This paper establishes the linkage between place-based policies and growth from the perspective of regional innovation, using China as a case study. Leveraging extensive data on special economic zones (SEZs) and patent data, I examine the causal effects and underlying channels of SEZ...

The Wałbrzych Special Economic Zone «INVEST-PARK» has managed to transform Wałbrzych from an area known mainly as a by-gone hub for heavy industry to an attractive place to invest in, by providing subsidies in the form of tax allowances.

In September 2013, the Chinese government approved establishing Shanghai Pilot Free Trade Zone (SPFTZ), the first Pilot Free Trade Zone (PFTZ) in the country. SPFTZ mainly implements policy and institutional innovation, aiming to extend reform and opening-up, generate the dividends of reform,...

This study explores market opportunities for sustainable products, using functional wafers with added malt-used grains, a by-product of the fermentation industry, as a case study. Unlike other research focused on the use of by-products in food, this study adopts an integrated approach,...

China's special economic zones (SEZs) have been established to foster business growth and innovation by improving the institutional context of specific sub-regional areas. We examine the effect of SEZs on the contribution of research and development (R&D) to the market value of firms located in...

Policies involving what are known as Free Economic Zones (FEZs) have been popular among countries interested in attracting foreign investment. While foreign investment has generally benefited the receiving country, the effect of market rivalry is known to reverse this impact. Our paper tests,...