Anatomizing the institutional arrangements of urban village redevelopment: Case studies in Guangzhou, China

Dinghuan YUAN, Yung YAU*, Haijun BAO, Yongshen LIU, Ting LIU

*Corresponding author for this work

Research output: Journal PublicationsJournal Article (refereed)peer-review

6 Citations (Scopus)

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.

Original languageEnglish
Article number3376
Number of pages16
JournalSustainability (Switzerland)
Volume11
Issue number12
DOIs
Publication statusPublished - 18 Jun 2019
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2019 by the authors.

Keywords

  • Empowerment
  • Institutional arrangements
  • Social conflict
  • Transaction costs
  • Urban renewal
  • Urban sprawl
  • Urban villages

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