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Comparative Analysis of Factors of Functioning of Special Administrative Areas in the Asian-Pacific Region

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  • O.A. Sinenko

Abstract

The article is devoted to a study of the features of the functioning of special administrative regions in the Asia-Pacific region and the identification of factors influencing the results of the activities of the studied territories. The purpose of the study is to conduct a comparative analysis of the features of the functioning of special administrative regions in the Asia-Pacific region. During the research, qualitative methods were used: historical, comparison, analysis and synthesis, legal, deduction and induction, as well as a quantitative method of correlation and regression analysis. The study carried out a comparative analysis of the development and formation of special administrative regions in Russia, as well as Hong Kong, Macau and Singapore. The research hypothesis is based on the assumption that the conditions for the functioning of special administrative regions affect the competitiveness and attractiveness of territories for residents. The research methodological base includes theories describing the impact of territories with a special economic status on the level of the development of territories. We used the author's method of analyzing the functioning of special administrative regions in Russia and in foreign jurisdictions based on 10 indicators: the number of newly registered residents, population, gross national income per capita, GDP, labor force, employment, government spending, direct tax receipts, indirect receipts. taxes, direct domestic investment, direct foreign investment, which made it possible to reveal the dependence of the number of residents registered in special administrative regions on these indicators. The empirical base of the study is data from official information portals on the activities of special administrative regions in Russia and abroad, data from OECD reports, statistics from the World Bank Group, the International Monetary Fund, and others. The novelty of the results obtained lies in substantiating the influence of territorial development indicators on the number of residents in special administrative regions and identifying the risks of functioning of special administrative regions in Russia.

Suggested Citation

  • O.A. Sinenko, 2021. "Comparative Analysis of Factors of Functioning of Special Administrative Areas in the Asian-Pacific Region," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(3), pages 524-559.
    • Handle: RePEc:aiy:jnjaer:v:20:y:2021:i:3:p:524-559
    DOI: http://dx.doi.org/10.15826/vestnik.2021.20.3.021
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    More about this item

    Keywords

    special administrative regions; low-tax zone; tax systems; international companies; residents; jurisdiction; redomicile; financial risks.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

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