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Anatomizing the Institutional Arrangements of Urban Village Redevelopment: Case Studies in Guangzhou, China

Dinghuan Yuan (), Yung Yau (), Haijun Bao (), Yongshen Liu () and Ting Liu ()
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Dinghuan Yuan: School of Public Administration and Emergency Management, Jinan University, 601 Huangpu Boulevard, Tianhe District, Guangzhou 510632, China
Yung Yau: Department of Public Policy, City University of Hong Kong, Tat Chee Avenue, Kowloon Tong, Kowloon, Hong Kong 999077, China
Haijun Bao: School of Public Administration, Zhejiang University of Finance and Economics, 18 Xueyuan Street, Xiasha Higher Education Park, Hangzhou 310018, China
Yongshen Liu: Department of Public Policy, City University of Hong Kong, Tat Chee Avenue, Kowloon Tong, Kowloon, Hong Kong 999077, China
Ting Liu: College of Public Administration, Huazhong University of Science and Technology, Luoyu Road 1037, Wuhan 430074, China

Sustainability, 2019, vol. 11, issue 12, 1-16

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.

Keywords: urban villages; urban sprawl; institutional arrangements; transaction costs; social conflict; urban renewal; empowerment (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2019
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