Abstract:
One of the place-oriented policies is the Special economic zone (SEZ) regime
implementation policy, which has become widespread among the countries of the world
by now. The main task of the SEZ approach is to create conditions for the development
of the country's economy, which can subsequently improve the situation in the labor
market, contribute to attracting domestic and foreign investments to the region, in
particular foreign direct investment (FDI). On the territory of Kazakhstan, there are 13
SEZs in different regions of the country, each of which has its own focus on the
development of certain industries by attracting investment in these areas. Consequently,
there is a high research interest in studying the SEZ regime of Kazakhstan as a method
of public policy to attract FDI.
The main purpose of this work is to determine the potential effectiveness of
Kazakhstan SEZs in attracting FDI. The main method for achieving this goal is to
construct a hypothesis about the positive impact of the implementation of the SEZ
program in the region on the volume of FDI attracted, as well as to test the hypothesis
using regression analysis of panel data for 14 regions of the country over a 9-year period.
The results of this study revealed the inefficiency of SEZs in terms of the method of
attracting FDI.
