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Volume 10
Issue 3
10.3390/land10030319
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Article

What Drives Different Governance Modes and Marketization Performance for Collective Commercial Construction Land in Rural China?

by
Zhun Chen
1,2,
Yuefei Zhuo
3,*,
Guan Li
3 and
Zhongguo Xu
3
1
Department of Land Management, School of Public Affairs, Zhejiang University, Hangzhou 310058, China
2
Department of Environment and Planning, Henan University, Kaifeng 475004, China
3
Law School, Ningbo University, Ningbo 315211, China
*
Author to whom correspondence should be addressed.
Land 2021, 10(3), 319; https://doi.org/10.3390/land10030319
Submission received: 15 February 2021 / Revised: 15 March 2021 / Accepted: 17 March 2021 / Published: 19 March 2021
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Abstract

The collective commercial construction land (CCCL) reform in China has attracted considerable attention worldwide, but studies on the influencing factors and performance of governance modes for CCCL marketization are still in their infancy. First, by deconstructing CCCL, this study developed a conceptual framework from the perspective of transaction cost economics. Based on a series of surveys, interviews, and closed questionnaires in two pilot areas, this study determined the influencing factors for governance mode choice for CCCL marketization through comparative case studies and compared the performance of the government-led and self-organized modes. This study concluded that asset specificity, uncertainty, and frequency were the main influencing factors for transaction costs, which could influence the choice of governance mode for CCCL marketization. Moreover, the characteristics of the two aforementioned governance modes, transaction costs, and specific revenue distribution resulted in different marketization performances.
Keywords: collective construction land; modes of governance; transaction attributes; transaction cost economics; performance difference collective construction land; modes of governance; transaction attributes; transaction cost economics; performance difference

Share and Cite

MDPI and ACS Style

Chen, Z.; Zhuo, Y.; Li, G.; Xu, Z. What Drives Different Governance Modes and Marketization Performance for Collective Commercial Construction Land in Rural China? Land 2021, 10, 319. https://doi.org/10.3390/land10030319

AMA Style

Chen Z, Zhuo Y, Li G, Xu Z. What Drives Different Governance Modes and Marketization Performance for Collective Commercial Construction Land in Rural China? Land. 2021; 10(3):319. https://doi.org/10.3390/land10030319

Chicago/Turabian Style

Chen, Zhun, Yuefei Zhuo, Guan Li, and Zhongguo Xu. 2021. "What Drives Different Governance Modes and Marketization Performance for Collective Commercial Construction Land in Rural China?" Land 10, no. 3: 319. https://doi.org/10.3390/land10030319

APA Style

Chen, Z., Zhuo, Y., Li, G., & Xu, Z. (2021). What Drives Different Governance Modes and Marketization Performance for Collective Commercial Construction Land in Rural China? Land, 10(3), 319. https://doi.org/10.3390/land10030319

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