Key Variables for Decision-Making on Urban Renewal in China: A Case Study of Chongqing

Tao Zhou, Yulin Zhou and Guiwen Liu
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Tao Zhou: School of Construction Management and Real Estate, Chongqing University, Chongqing 400030, China
Yulin Zhou: School of Construction Management and Real Estate, Chongqing University, Chongqing 400030, China
Guiwen Liu: School of Construction Management and Real Estate, Chongqing University, Chongqing 400030, China

Sustainability, 2017, vol. 9, issue 3, 1-19

Abstract: Currently, the Chinese government leads urban renewal via a top-down management style with the government playing the role of decision-maker. The decision-making opinions held by groups of stakeholders are divided, which creates many social problems, project technical issues and even civil disorder. This paper uses factor analysis to extract the key variables for decision-making on urban renewal and the entropy weight method to sort these key variables by importance. Based on this order, the differing opinions of stakeholders regarding urban renewal decision-making are explored. First, contradictory opinions exist concerning the importance of the ecological environment, housing and facilities, social welfare and commercial activities, which are the main driving forces behind urban renewal, due to the groups of stakeholders having different interest demands. Second, these varying interest demands of the stakeholders affect the urban renewal decision-making results. Finally, compensation to people for the demolition of their homes, infrastructure supplements and the investment behaviour of developers display the greatest lack of consensus of all the variables tested in urban renewal decision-making between different stakeholders.

Keywords: urban renewal decision-making; stakeholders; key variables; sorting for importance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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