Abstract
Project duration is one of the methods to measure the efficiency of project implementation. This study identifies the factors influencing the project duration of urban village redevelopment projects (UVRPs) in China. Based on the theory of new institutional economics and behavioral economics, this study develops three hypotheses regarding the causal relationship between institutional arrangement and project duration. Statistical analysis of data on 439 UVRPs collected from seven Chinese cities revealed that projects implemented through top-down institutional arrangements were more likely to take a long time than those implemented through bottom-up institutional arrangements. Projects implemented through top-down and government funding were more efficient than those implemented through top-down and villager funding. For bottom-up projects, there was no conclusion about whether village funding or private developer funding led to shorter project duration. Other determinants, including city, project attributes and initiation year, number of households involved, size of temporary relocation fee, and methods of selecting relocated housing, calculating temporary relocation fee and calculating relocation area influenced project duration.
Highlights
Accepted: 2 July 2021The development, continuance and demolition of urban villages in different Chinese provinces reflect the various developmental stages of urbanization of the nation after the implementation of the Open Door Policy in 1978 [1]
Though Urban village redevelopment projects (UVRPs) implemented through top-down institutional arrangements are still dominant in contemporary China, the findings show that the counterpart institutional arrangements tend to be more efficient in terms of project duration
This study aimed to find the determinants of project outcomes mainly from a new
Summary
The development, continuance and demolition of urban villages in different Chinese provinces reflect the various developmental stages of urbanization of the nation after the implementation of the Open Door Policy in 1978 [1]. These illustrate the different redevelopment stages of China’s urban-centered growth in the post-reform era [1]. Urban village redevelopment projects (UVRPs) can effectively release land value, upgrade environmental quality, and improve living conditions [5]. It can deepen class conflict due to economic antagonism between the dispossessed farmers and the upper class [6,7]. In the process of urban redevelopment, the negative impacts of urban villages have aroused concern among academia and local governments
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