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Paradigm shifts in China’s housing policy: Tug-of-war between marketization and state intervention

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  • Zou, Yonghua

Abstract

A country’s housing policy paradigm is not static; rather, it is likely to experience multiple shifts at different stages. This article proposes a theoretical framework that reveals the interconnection between housing policy paradigm shifts and the underlying driving forces in the institutional arrangement of state entrepreneurialism. Furthermore, this article conducts national-level and city-level studies in China to illustrate this framework. This article finds that various political, economic, and social forces had driven two housing policy paradigm shifts – from the socialist welfare paradigm to the marketization paradigm, and then to the new phase of state intervention paradigm. This article argues that state entrepreneurism facilitates China’s adoption of different housing policy paradigms to better respond to the adjusted development goals and to manage crises that have occurred over different periods.

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  • Zou, Yonghua, 2022. "Paradigm shifts in China’s housing policy: Tug-of-war between marketization and state intervention," Land Use Policy, Elsevier, vol. 122(C).
    • Handle: RePEc:eee:lauspo:v:122:y:2022:i:c:s0264837722004148
    DOI: 10.1016/j.landusepol.2022.106387
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    References listed on IDEAS

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    Cited by:

    1. Deng, Qiu Shi & Alvarado, Rafael & Cheng, Fang Nan & Cuesta, Lizeth & Wang, Chun Bao & Pinzón, Stefania, 2023. "Long-run mechanism for house price regulation in China: Real estate tax, monetary policy or macro-prudential policy?," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 174-186.

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