Special Economic Zones under the CPEC and the Belt and Road Initiative: Parameters, Challenges and Prospects

Jahangir, Asifa; Haroon, Omair; Mirza, Arif Masud

doi:10.1007/978-3-030-18959-4_12

Cited by 5 publications

(4 citation statements)

References 3 publications

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“…Economic Zones: SEZs and industrial clusters are crucial to the industrialization process. SEZ has been suggested as a share of the CPEC project in a number of Pakistani cities, which will hasten Pakistan's industrialization process further (Jahangir et al, 2020).…”

Section: Discussionmentioning

confidence: 99%

The Belt and Road Initiative's Construction Projects Exert a Substantial Influence on Participating Countries' Economic Landscapes, Eliciting A Noteworthy Impact on their Financial Stability, Infrastructure Investments, and Fiscal Growth

Ullah,

Khan,

Said

et al. 2023

J. educ. soc. stud.

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The one belt one road initiative, spearheaded by China, stands as a monumental foreign policy endeavour designed to strengthen ties with 146 nations. The construction projects within this initiative wield a substantial influence on the economic landscapes of participating countries, significantly affecting financial stability, infrastructure investments, and fiscal expansion. Studies utilizing CO2 emissions as a function of financial data (FD), Foreign Direct Investment (FDI), Gross Domestic Product (GDP), squared Gross Domestic Product (GDP2), economic indicators (EC), and trade-related factors (TR) have demonstrated a statistically positive relationship between these variables. The study spans from 2014 to 2021, employing panel data regression techniques to analyze the impact of the One Belt One Road initiative on participating countries' economic landscapes. Utilizing dynamic seemingly unrelated regression (DSUR) panel estimation, the study assesses the initiative's impact on macroeconomic factors such as GDP, FDI, EPI, trade, and FDPS. Statistical significance tests, including p-values and F-statistics, are employed to gauge the significance of the relationship between these factors and the initiative. Null hypothesis testing is utilized to determine whether a variable Granger causes another variable, providing further insights into causal relationships. R2 values are employed to quantify the proportion of variance in the dependent variable attributable to the independent factors. These statistical methodologies offer a robust and empirical approach to comprehending the one belt one road initiative's profound impact on the economic landscapes of participating nations.

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Section: Discussionmentioning

confidence: 99%

The Belt and Road Initiative's Construction Projects Exert a Substantial Influence on Participating Countries' Economic Landscapes, Eliciting A Noteworthy Impact on their Financial Stability, Infrastructure Investments, and Fiscal Growth

Ullah,

Khan,

Said

et al. 2023

J. educ. soc. stud.

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“…Two of these highways stand out: the M-2, which links Lahore and Islamabad, and the M-1, which links Islamabad and Peshawar. The M-8 Motorway, which would link Gwadar and Ratodero as part of the Western Route under CPEC, will also be developed (Jahangir et al, 2020). This will promote better connectivity and trade linkages among various regions of Pakistan.…”

Section: Infrastructure Developmentmentioning

confidence: 99%

“…To encourage investment from both local and international sources, boost economic activity, and generate new job possibilities, CPEC includes the creation of Special Economic Zones (SEZs) (Jahangir et al, 2020). Industrialization and economic diversification can flourish in these zones because of the infrastructure, utilities, and incentives put in place to attract and retain enterprises.…”

Section: Infrastructure Developmentmentioning

confidence: 99%

“…Special Economic Zones (SEZs) under CPEC are designed with the express purpose of luring investments and FDI (Jahangir et al, 2020). These zones are attractive to enterprises seeking to establish or extend their operations because of the tax incentives, regulatory simplicity, and friendly business environment they provide.…”

Section: Economic Zones and Industrial Cooperationmentioning

confidence: 99%

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CPEC: A Great Leap Forward in Pakistan and China Relations

Shah Zaib

2023

JHEDS

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The China-Pakistan Economic Corridor (CPEC) is a highly significant project that has strengthened the political and economic ties between Pakistan and China. This relationship highlights the increasing economic reliance between the two countries, promoting a cooperative alliance that goes beyond economic connections to include shared strategic goals. Nevertheless, the initiative faces obstacles such as issues about openness, ecological consequences, and geopolitical dynamics in the region. The project unquestionably represents a substantial advancement in the political and commercial ties between Pakistan and China, with the capacity to transform the economic dynamics of the entire region. This research paper analyses the historical context, fundamental components, and impact of CPEC on the bilateral relationship between the two nations. Additionally, it assesses the geopolitical consequences and challenges associated with the project, providing a comprehensive overview of its significance in the context of regional and global dynamics. The objective of this study is to improve understanding of the various aspects of the China-Pakistan Economic Corridor (CPEC) and its significance in the broader context of global diplomacy.

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Spatial mapping of geotechnical soil properties at multiple depths in Sialkot region, Pakistan

et al. 2021

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Special Economic Zones under the CPEC and the Belt and Road Initiative: Parameters, Challenges and Prospects

Cited by 5 publications

References 3 publications

The Belt and Road Initiative's Construction Projects Exert a Substantial Influence on Participating Countries' Economic Landscapes, Eliciting A Noteworthy Impact on their Financial Stability, Infrastructure Investments, and Fiscal Growth

The Belt and Road Initiative's Construction Projects Exert a Substantial Influence on Participating Countries' Economic Landscapes, Eliciting A Noteworthy Impact on their Financial Stability, Infrastructure Investments, and Fiscal Growth

CPEC: A Great Leap Forward in Pakistan and China Relations

Spatial mapping of geotechnical soil properties at multiple depths in Sialkot region, Pakistan

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