Journal of Applied Economic Research
ISSN 2712-7435
Special Economic Zones in Russia: Practice of Application of Tax Incentives and Assessment of Efficiency
Sinenko O.A., Tsyganova T.D.
Abstract
The article considers the features of the application of fiscal instruments in the special economic zones of <st1:country-region w:st="on"><st1:place w:st="on">Russia</st1:place></st1:country-region> in the context of the effectiveness of tax incentives and preferential tax treatment. The purpose of the article is to formulate proposals on improving the methodology of assessment of the efficiency of the special economic zones of the <st1:country-region w:st="on"><st1:place w:st="on">Russia</st1:place></st1:country-region>. The basic methods of research were analyses, synthesis and comparative analysis. The study was based on the results of the operation of nine Russian special economic zones of various types launched at least seven years ago. As special economic zones are an instrument for future economic development and growth, assessing the efficiency of such zones is difficult. In the article, the authors analyzed the methods for assessing the effectiveness of special economic zones applied at different times, identified their main similarities and differences. The article analyses imperfections of the methodology for estimating special economic zones based on projected values of indicators: the number of residents, the number of jobs created in the zone, the amount of attracted investments, etc. This approach does not always allow for an effective assessment of a special economic zone because the target values of the indicators may initially be incorrect. The concept of the effectiveness of a special economic zone is proposed to be considered from the point of view the budgetary costs and benefits, as well as in the context of the socio-economic development of the region that hosts the zone. Analysis of the development of special economic zones can become more objective when the existing methodology for assessing the effectiveness is complemented with indicators that reflect the impact of special economic zones on the level of social and economic development of the region.
Keywords
special economic zones; territories with a special economic status; effectiveness; tax incentives; budget expenditures; assessment of efficiency
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About Authors
Sinenko Olga Andreevna – Candidate of Economic Sciences, Associate Professor, Department of Finance and Credit, School of Economics and Management, Far Eastern Federal University, Vladivostok, Russia (690091, Vladivostok, Sukhanova Street, 8); e-mail: sinenko.oa@dvfu.ru.
Tsyganova Tatyana Dmitrievna – Student, School of Economics and Management, Far Eastern Federal University, Vladivostok, Russia (690091, Vladivostok, Sukhanova Street, 8); e-mail: cyganova_td@students.dvfu.ru.
For citation
Sinenko O.A., Tsyganova T.D. Special Economic Zones in <st1:place w:st="on"><st1:country-region w:st="on">Russia</st1:country-region></st1:place>: Practice of Application of Tax Incentives and Assessment of Efficiency. Bulletin of Ural <st1:place w:st="on"><st1:placename w:st="on">Federal</st1:placename> <st1:placetype w:st="on">University</st1:placetype></st1:place>. Series Economics and Management, 2018, Vol. 17, No. 1, 166-191. DOI: 10.15826/vestnik.2018.17.1.008
Article info
Received December 25, 2017; Accepted January 25, 2018.
DOI: http://dx.doi.org/10.15826/vestnik.2018.17.1.008
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