Institutional transformation and marketisation: the changing patterns of housing investment in urban China

Zhang, Quan

doi:10.1016/j.habitatint.2004.02.008

Cited by 36 publications

(9 citation statements)

References 15 publications

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“…Without COF the house is not approve for occupation and creating problems between developers and house buyers. All these regulation will shape the developers behaviour and action in housing industry [Zhang, 2006]. However, these are only formal rule in the institution environment.…”

Section: Institutional Framework Of Developer'smentioning

confidence: 99%

Institutional Element in Malaysia Housing Industry

Deris¹,

Sadikin²

2018

IJTSRD

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Institutional economic theory stresses the influence of human behavior and regulations in economic environment. Human behavior including interaction with other parties or agent, regulation and policy created by government will put the economy in its own situation. Therefore, this theory is able to describe the economic environment in a broaden aspect and not only see it as the system that will operate independently base on demand and supply. Institutional theory is commonly applied in land development process but rarely address in housing industry. Therefore, this paper attempted to address housing industry base on institutional theory perspective. Several institutional elements are indicate in Malaysia housing industry base on work by Omar [2001] and the setting of these element is stress in Malaysia housing industry. There are three element of institution such as formal and informal rule; technology and interaction between agents in housing industry that influence the behavior of developer in housing industry.

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Section: Institutional Framework Of Developer'smentioning

confidence: 99%

Institutional Element in Malaysia Housing Industry

Deris¹,

Sadikin²

2018

IJTSRD

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“…A number of works have emerged to discuss urban housing reform since 2000 (Wu 2001;Hui and Wong 2006;Quan 2006;Yeung and Howes 2006;. While the major contribution of these studies relates to policy practices on housing reforms in urban China, relatively few studies have examined how the role of SOEs in China's housing markets has changed since reforms were launched, especially the interaction between institutions and the key players in the production and delivery of houses.…”

Section: Chaptermentioning

confidence: 99%

Institutionalization of State Policy

Zhang¹,

Rasiah²

2015

Dynamics of Asian Development

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“…Many prior researches have focused on the China's social housing system, most of which focused on the second and third stages as mentioned above, and have offered a general picture of the housing market behavior at different stages of modern China (Zhang, 2006). These researches can be divided to two stages.…”

Section: Social Housing System In Chinamentioning

confidence: 99%

“…Provident Fund Scheme, National Comfortable Housing Project, and Jingji Shiyong Fang, etc. ) (Burell, 2006), general public in China still believe that they can not afford the price and the government should adjust housing security system (Zhao and Bourassa, 2003;Wang, 2004). In May 2006, the Ministry of Construction investigated China's housing security system together with relevant policy research institutes to overcome the shortcomings of the economically affordable housing system, and draw a final conclusion that China's housing security system needed an adjustment (Guo and Chang, 2008).…”

Section: Introductionmentioning

confidence: 99%

The Analysis on the Policy of Access to Economically Affordable Housing in China: An Area Calculation Model Based on the Incentive Mechanism Design / Galimybių Gauti Įperkamą Būstą Kinijoje Politikos Analizė: Ploto Skaičiavimo Modelis, Pagrįstas Skatinamo

Zhang

Yuan

Skibniewski

2011

International Journal of Strategic Property Management

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Currently, the subject of housing in China is of great interest to many researchers, since improvements in living conditions for the largest population in the world have not kept pace with the territory's economic growth. This paper describes basic social housing situations in China, and assesses the inequality in housing reform since 1990s as a result of overall economic improvement. In order to reduce the degree of inequality in China's social housing, this paper is focusing on the policy management of access to economically affordable housing because housing affordability in China is a pressing social and economic issue, particularly for low-income families due to an unreasonable mechanism. The related policies are analyzed in is paper by using incentive mechanism design, which reveals that supervision and announcement system, the restriction in current mechanism, and the area of economically affordable house are critical for the effectiveness of present polices. Furthermore, a housing area calculation model based on the incentive mechanism design is presented and an illustrated case of Beijing City is also conducted, which can maximize the utility of government considering incentive compatibility. Finally, some policy suggestions are explored including enhancing external environment and establishing internal mechanism. Santrauka Būsto tema Kinijoje šiuo metu itin domina daug mokslininkų, nes šalyje, kuri turi daugiausia gyventojų pasaulyje, gyvenimo sąlygų gerėjimas atsiliko nuo šalies ekonominio augimo. Šiame darbe nusakoma bazinio socialinio būsto padėtis Kinijoje ir vertinamas XX a. 10-ajame dešimtmetyje dėl bendros ūkio padėties gerėjimo prasidėjusios būsto reformos netolygumas. Siekiant mažinti Kinijos socialinio būsto skirtumų lygį, šiame darbe daugiausia dėmesio skiriama politinėms priemonėms, kurias pasitelkus valdoma prieiga prie įperkamo būsto, nes dėl neracionalaus mechanizmo būsto įperkamumas Kinijoje yra neatidėliotina socialinė ir ekonominė problema, o ypač mažas pajamas gaunančioms šeimoms. Atitinkamos politikos kryptys šiame darbe nagrinėjamos pasitelkus skatinamojo mechanizmo projektavimą, kuris rodo, kad priežiūros ir praneši-mų sistema, dabartinio mechanizmo suvaržymas ir įperkamo būsto plotas turi lemiamą reikšmę dabartinių politikos krypčių veiksmingumui. Be to, pateikiamas skatinamojo mechanizmo projektavimu pagristas būsto ploto skaičiavimo modelis ir atliekamas Pekino atvejo tyrimas, kuris, atsižvelgiant į skatinamųjų priemonių suderinamumą, gali maksimaliai padidinti vyriausybės naudingumą. Pabaigoje nagrinėjami keli politiniai siūlymai, įskaitant išorinės aplinkos gerinimą ir vidinio mechanizmo sukūrimą.

show abstract

Institutional transformation and marketisation: the changing patterns of housing investment in urban China

Cited by 36 publications

References 15 publications

Institutional Element in Malaysia Housing Industry

Institutional Element in Malaysia Housing Industry

Institutionalization of State Policy

The Analysis on the Policy of Access to Economically Affordable Housing in China: An Area Calculation Model Based on the Incentive Mechanism Design / Galimybių Gauti Įperkamą Būstą Kinijoje Politikos Analizė: Ploto Skaičiavimo Modelis, Pagrįstas Skatinamo

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