What Drives Different Governance Modes and Marketization Performance for Collective Commercial Construction Land in Rural China?

Zhun Chen, Yuefei Zhuo, Guan Li and Zhongguo Xu
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Zhun Chen: Department of Land Management, School of Public Affairs, Zhejiang University, Hangzhou 310058, China
Yuefei Zhuo: Law School, Ningbo University, Ningbo 315211, China
Guan Li: Law School, Ningbo University, Ningbo 315211, China
Zhongguo Xu: Law School, Ningbo University, Ningbo 315211, China

Land, 2021, vol. 10, issue 3, 1-23

Abstract: The collective commercial construction land (CCCL) reform in China has attracted considerable attention worldwide, but studies on the influencing factors and performance of governance modes for CCCL marketization are still in their infancy. First, by deconstructing CCCL, this study developed a conceptual framework from the perspective of transaction cost economics. Based on a series of surveys, interviews, and closed questionnaires in two pilot areas, this study determined the influencing factors for governance mode choice for CCCL marketization through comparative case studies and compared the performance of the government-led and self-organized modes. This study concluded that asset specificity, uncertainty, and frequency were the main influencing factors for transaction costs, which could influence the choice of governance mode for CCCL marketization. Moreover, the characteristics of the two aforementioned governance modes, transaction costs, and specific revenue distribution resulted in different marketization performances.

Keywords: collective construction land; modes of governance; transaction attributes; transaction cost economics; performance difference (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 (3)

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