Institutional change and redevelopment of urban villages in China: A new institutional economics perspective
DOI:
https://doi.org/10.54097/fbem.v11i2.12573Keywords:
Institutional change, Urban villages, Institutional change theory, Transaction cost theory.Abstract
Open policy reform has been implemented more than 40 years, the city construction and development of China turns out new face very fast. China evolved the grid and applied it to the planning, construction and ordering of its great imperial capital cities. Urban villages are a product of China's urban-rural dual system and rapid urbanization. In early China, the renovation of urban villages mainly focused on demolition and reconstruction, neglecting the residents' demand for high-quality housing. With institutional changes and the development of urban governance concepts, urban village renovation has begun to adopt organic renewal and micro renovation methods, and more emphasis has been placed on the quality of urban living. This research mainly explores the impact of policy changes on the transformation of urban villages from the perspectives of institutional change theory and transaction cost theory. This study also compared the policy differences and impacts of urban village renovation between Zhengzhou and Shenzhen. In the process of urban village transformation, it is necessary to consider the impact of institutional environment on urban village transformation policy.
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References
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