Winners and Losers of Multinational Firm Entry into Developing Countries: Evidence from the Special Economic Zones of the People’s Republic of China
Ebenstein, Avraham | October 2011
Abstract
This paper examines the success of the People's Republic of China's special economic zones (SEZs) at attracting high-productivity firms and whether this has led to higher wages for workers. The paper finds that the SEZ experiment effectively attracted foreign capital and high-productivity domestic firms. However, the results indicate modest real wage gains for workers, suggesting firms have captured majority of benefits of SEZs through higher profits.
Citation
Ebenstein, Avraham. 2011. Winners and Losers of Multinational Firm Entry into Developing Countries: Evidence from the Special Economic Zones of the People’s Republic of China. © Asian Development Bank. http://hdl.handle.net/11540/1999. License: CC BY 3.0 IGO.Keywords
Trade Finance
Rural Finance
Regional Development Finance
Public Financial Management
Public Finance
International Finance
Intergovernmental Finance
Financial System
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Citable URI
http://hdl.handle.net/11540/1999Metadata
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