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postgraduate thesis: Property rights implications on the development of urban villages in China

TitleProperty rights implications on the development of urban villages in China
Authors
Issue Date2013
PublisherThe University of Hong Kong (Pokfulam, Hong Kong)
Citation
Nie, Z. A. [聶致鋼]. (2013). Property rights implications on the development of urban villages in China. (Thesis). University of Hong Kong, Pokfulam, Hong Kong SAR. Retrieved from http://dx.doi.org/10.5353/th_b5194779
AbstractHistory may show that in complex social economic systems, should other conditions be controlled, different initial settings of property rights may bring different results. This thesis will test if different initial property rights settings in urban villages have resulted in different forms of housing development. Empirical data collected from three Chinese cities (Shenzhen, Guangzhou, and Xi'an) showed that the absence of clear and enforceable private property rights in these urban villages has led to high density housing developments uncontrolled by regulations. As a result, rents collected from these villages were lower, which, in turn, led to the earlier renewal of each development. The underlying mechanism is illustrated using an integrated property rights and transaction cost framework, which is testable against empirical observations. Major contributions of the thesis should include the empirical identification of different existing outcomes, the theoretical explanation of the conditions leading to variations in those outcomes, and the testing of various implications (e.g. the effect of high negotiation costs on high building density, the effect of rent increases on the promotion of legal renewals, and the effect of high policing costs on illegal projects).
DegreeDoctor of Philosophy
SubjectUrban renewal
Right of property
Dept/ProgramReal Estate and Construction
Persistent Identifierhttp://hdl.handle.net/10722/197557

 

DC FieldValueLanguage
dc.contributor.authorNie, Zhigang, Albert-
dc.contributor.author聶致鋼-
dc.date.accessioned2014-05-27T23:16:44Z-
dc.date.available2014-05-27T23:16:44Z-
dc.date.issued2013-
dc.identifier.citationNie, Z. A. [聶致鋼]. (2013). Property rights implications on the development of urban villages in China. (Thesis). University of Hong Kong, Pokfulam, Hong Kong SAR. Retrieved from http://dx.doi.org/10.5353/th_b5194779-
dc.identifier.urihttp://hdl.handle.net/10722/197557-
dc.description.abstractHistory may show that in complex social economic systems, should other conditions be controlled, different initial settings of property rights may bring different results. This thesis will test if different initial property rights settings in urban villages have resulted in different forms of housing development. Empirical data collected from three Chinese cities (Shenzhen, Guangzhou, and Xi'an) showed that the absence of clear and enforceable private property rights in these urban villages has led to high density housing developments uncontrolled by regulations. As a result, rents collected from these villages were lower, which, in turn, led to the earlier renewal of each development. The underlying mechanism is illustrated using an integrated property rights and transaction cost framework, which is testable against empirical observations. Major contributions of the thesis should include the empirical identification of different existing outcomes, the theoretical explanation of the conditions leading to variations in those outcomes, and the testing of various implications (e.g. the effect of high negotiation costs on high building density, the effect of rent increases on the promotion of legal renewals, and the effect of high policing costs on illegal projects).-
dc.languageeng-
dc.publisherThe University of Hong Kong (Pokfulam, Hong Kong)-
dc.relation.ispartofHKU Theses Online (HKUTO)-
dc.rightsThe author retains all proprietary rights, (such as patent rights) and the right to use in future works.-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subject.lcshUrban renewal-
dc.subject.lcshRight of property-
dc.titleProperty rights implications on the development of urban villages in China-
dc.typePG_Thesis-
dc.identifier.hkulb5194779-
dc.description.thesisnameDoctor of Philosophy-
dc.description.thesislevelDoctoral-
dc.description.thesisdisciplineReal Estate and Construction-
dc.description.naturepublished_or_final_version-
dc.identifier.doi10.5353/th_b5194779-

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