State Capacity to Influence Actor Relations within the Chinese Real Estate Market: An Analytical Framework

He Gao, Walter Timo de Vries, Minrui Zheng () and Jianping Ye
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He Gao: School of Public Administration and Policy, Renmin University of China, 59 Zhongguancun Street, Beijing 100872, China
Walter Timo de Vries: Chair of Land Management, School of Engineering and Design, Technical University of Munich, 80333 Munich, Germany
Minrui Zheng: School of Public Administration and Policy, Renmin University of China, 59 Zhongguancun Street, Beijing 100872, China
Jianping Ye: School of Public Administration and Policy, Renmin University of China, 59 Zhongguancun Street, Beijing 100872, China

Land, 2023, vol. 12, issue 8, 1-18

Abstract: Analysis of Chinese real estate market shifted from eco nomic fundamentals to non-fundamentals, but consensus conclusions are still rarely reached. This is because institutional perspectives and national subjects are still lacking. Based on critical realistic approach, this paper integrates a state–society relationship and institution provision, constructing an analytical framework for the role of state capacity in the institutional construction of the real estate market. In terms of the intervention of the state on actors in the Chinese real estate market, the central government influences local governments, interest groups, and society at large through its administrative, extracting, and market service capacities, respectively, forming a chain of interests that serves the state–society relationship.

Keywords: real estate analysis; China; state capacity; land finance (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jlands:v:12:y:2023:i:8:p:1601-:d:1217124

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