Special Economic Zones as an Instrument of Industrial Policy. Pharmaceutical Clusters in Russia.

Abstract :

Special economic zones as new tool of industry policy should positive influence on the number of employees and wages of employees, foreign investments and production. This article estimates the effect from special economic zones on the development of main indicators of region using one of the statistical method difference in difference analyze. The results suggest that foreign investments and production develop are faster in the regions with special economic zones. However, growth of number of employees and their salaries are higher in the regions that were not under treatment of this economic tool.