Anatomizing the Institutional Arrangements of Urban Village Redevelopment: Case Studies in Guangzhou, China

Dinghuan Yuan; Yung Yau; Haijun Bao; Yongshen Liu; Ting Liu

doi:10.3390/su11123376

Author(s)

Dinghuan Yuan
Yung Yau
Haijun Bao
Yongshen Liu
Ting Liu

Detail(s)

Original language	English
Article number	3376
Journal / Publication	Sustainability
Volume	11
Issue number	12
Online published	18 Jun 2019
Publication status	Published - Jun 2019

Link(s)

DOI	DOI https://doi.org/10.3390/su11123376 Final Published version
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Attachment(s)	Documents 32897218.pdf Final Published version, 5.51 MB, PDF Publisher's Copyright Statement This full text is made available under CC-BY 4.0. https://creativecommons.org/licenses/by/4.0/
Link to Scopus	https://www.scopus.com/record/display.uri?eid=2-s2.0-85069796533&origin=recordpage
Permanent Link	https://scholars.cityu.edu.hk/en/publications/publication(1eeaa87f-4d76-4c5b-b98d-bb334d62580f).html

Abstract

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.