Factors Influencing the Project Duration of Urban Village Redevelopment in Contemporary China

Dinghuan Yuan, Yung Yau, Huiying (Cynthia) Hou and Yongshen Liu
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Dinghuan Yuan: School of Public Administration and Emergency Management, Jinan University, Guangzhou 510632, China
Yung Yau: Institute of Policy Studies, Lingnan University, Hong Kong 999077, China
Huiying (Cynthia) Hou: Faculty of Architecture and the Built Environment, Delft University of Technology, 2628 BL Delft, The Netherlands
Yongshen Liu: Department of Public Policy, City University of Hong Kong, Hong Kong 999077, China

Land, 2021, vol. 10, issue 7, 1-24

Abstract: Project duration is one of the methods to measure the efficiency of project implementation. This study identifies the factors influencing the project duration of urban village redevelopment projects (UVRPs) in China. Based on the theory of new institutional economics and behavioral economics, this study develops three hypotheses regarding the causal relationship between institutional arrangement and project duration. Statistical analysis of data on 439 UVRPs collected from seven Chinese cities revealed that projects implemented through top-down institutional arrangements were more likely to take a long time than those implemented through bottom-up institutional arrangements. Projects implemented through top-down and government funding were more efficient than those implemented through top-down and villager funding. For bottom-up projects, there was no conclusion about whether village funding or private developer funding led to shorter project duration. Other determinants, including city, project attributes and initiation year, number of households involved, size of temporary relocation fee, and methods of selecting relocated housing, calculating temporary relocation fee and calculating relocation area influenced project duration.

Keywords: bottom-up redevelopment; urban village; project duration; land redevelopment; new institutional economics; China (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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