Global Journal of Commerce & Management Perspective
Open Access

Abstract

Social Costs Benefits Analysis of Special Economic Zones: Scanning the Dynamics of an Alternative Model

Dr. Nidheesh . K. B

Social Costs Benefits Analysis is a technique which can be used to find the real value of the Special Economic Zones. Under Warr Peter G enclave model had been not included environment cost, land acquisition cost and government revenue lost due to incentives given for the promotion and development of Special Economic Zones in the country. Earning foreign exchange is one of the main objectives for setting up Special Economic Zones in the country, but under existing model foreign exchange earnings are not included as social benefits for the performance evaluation of Special Economic Zones. Hence the researcher made an adaptive model for determine the real value of Special Economic Zones in the country. As per the adaptive model researcher included foreign exchange earnings, wage receipts, rent receipts, price paid for locally purchased inputs and public utilities, the tax receipts and tax payments , net profit accruing to local shareholders , the infrastructure cost of the zones and operational cost, expenditure incurred for acquisition of land and the environment cost.