Export Processing Zones in Sri Lanka: A Cost-Benefit Appraisal
AbstractLike many countries, Sri Lanka has used Export Processing Zones as a means of promoting manufactured exports. This article uses a cost-benefit approach to estimate the returns to the national economy from the main zones. Overall, the zones are found to be economically efficient with an economic rate of return of 23 per cent. The zones are dominated by textile and clothing firms, however, and returns in other sectors are considerably lower. Unlike zones elsewhere, profits to local investors are a significant part of national benefits. © 1997 John Wiley & Sons, Ltd.
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Bibliographic InfoArticle provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.
Volume (Year): 9 (1997)
Issue (Month): 5 ()
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Web page: http://www3.interscience.wiley.com/journal/5102/home
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Warr, Peter G, 1989. "Export Processing Zones: The Economics of Enclave Manufacturing," World Bank Research Observer, World Bank Group, vol. 4(1), pages 65-88, January.
- Morris, Sebastian, . "Role of Trade and Macroeconomic Policies in the Performance of Special Economic Zones (SEZs)," IIMA Working Papers WP2007-09-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
- Jayanthakumaran, Kankesu, 2002. "An Overview of Export Processing Zones: Selected Asian Countries," Economics Working Papers wp02-03, School of Economics, University of Wollongong, NSW, Australia.
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