Anatomizing the Institutional Arrangements of Urban Village Redevelopment: Case Studies in Guangzhou, China
| Autor: | Dinghuan Yuan, Haijun Bao, Yongshen Liu, Ting Liu, Yung Yau |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
media_common.quotation_subject
Geography Planning and Development urban renewal lcsh:TJ807-830 0211 other engineering and technologies 0507 social and economic geography lcsh:Renewable energy sources 02 engineering and technology Management Monitoring Policy and Law transaction costs Scarcity institutional arrangements lcsh:Environmental sciences media_common Transaction cost lcsh:GE1-350 Government Land use Public economics Renewable Energy Sustainability and the Environment Urban village (China) lcsh:Environmental effects of industries and plants 05 social sciences Urban sprawl 021107 urban & regional planning social conflict urban villages lcsh:TD194-195 urban sprawl empowerment Redevelopment Business 050703 geography Externality |
| Zdroj: | Sustainability, Vol 11, Iss 12, p 3376 (2019) Sustainability Volume 11 Issue 12 |
| ISSN: | 2071-1050 |
| Popis: | Given the increasing scarcity of urban land, the Chinese government has been initiating large-scale redevelopment of urban villages that are commonly regarded problematic for their low land use efficiencies and negative externalities. During this process, the emerging neo-urbanism in China demonstrates the heterogeneity of institutional arrangements, with different levels of transaction costs incurred. To explore the transaction costs incurred in different institutional arrangements of urban village redevelopment projects, this study anatomizes three projects in Guangzhou from the perspective of neo-institutional economics. The project duration and level of conflict are taken as two key variables to evaluate the efficiency and equality of the projects. With this research design, this study illustrates that institutional arrangements significantly affect the project outcomes. The conclusion suggests that the local and central governments alter the existing institutions with a view to lowering the transaction costs. |
| Databáze: | OpenAIRE |
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