IDEAS home Printed from https://ideas.repec.org/a/taf/cjutxx/v24y2017i4p73-93.html
   My bibliography  Save this article

Path Dependence in Financing Urban Infrastructure Development in China: 1949–2016

Author

Listed:
  • Changjie Zhan
  • Martin de Jong
  • Hans de Bruijn

Abstract

In the past few decades, urban infrastructures in China have seen an enormous upgrade, and due to large-scale urbanization many more investments are due in the coming years. In order to supplement public funding, Public Private Partnerships (PPP) and municipal bonds have recently grown popular in China. The introduction of this new policy does not occur in a void but should be understood as the path-dependent consequence of a historical evolution of funding arrangements for urban development. How have Chinese governments traditionally arranged financing for these extensive investments and how has the emphasis in funding sources shifted over time? We argue that the evolution of urban development financing has gone through three phases (planned economy, reform and pilot, and socialist market economy), each with different emphasis in financial sources. Our analysis demonstrates how weaknesses in earlier phases present challenges that new solutions in later phases are aimed to address.

Suggested Citation

  • Changjie Zhan & Martin de Jong & Hans de Bruijn, 2017. "Path Dependence in Financing Urban Infrastructure Development in China: 1949–2016," Journal of Urban Technology, Taylor & Francis Journals, vol. 24(4), pages 73-93, October.
    • Handle: RePEc:taf:cjutxx:v:24:y:2017:i:4:p:73-93
    DOI: 10.1080/10630732.2017.1334862
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10630732.2017.1334862
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10630732.2017.1334862?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Delmon,Jeffrey, 2011. "Public-Private Partnership Projects in Infrastructure," Cambridge Books, Cambridge University Press, number 9780521152280, August.
    2. Delmon,Jeffrey, 2011. "Public-Private Partnership Projects in Infrastructure," Cambridge Books, Cambridge University Press, number 9780521763967, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Danxia Zhang & Juanfeng Zhang & Rui Han & Dongsheng Zhan, 2022. "Two‐stage development, allocation strategies' effect, and industrial land policies' adjustment, China," Growth and Change, Wiley Blackwell, vol. 53(2), pages 890-909, June.
    2. Bao, Helen X.H. & Wang, Ziyou & Wu, Robert Liangqi, 2024. "Understanding local government debt financing of infrastructure projects in China: Evidence based on accounting data from local government financing vehicles," Land Use Policy, Elsevier, vol. 136(C).
    3. Wen, Tianzuo & Qiang, Wei & Liu, Xingjian, 2022. "Exploring the geography of urban comprehensive development in mainland Chinese cities," Land Use Policy, Elsevier, vol. 115(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. World Bank Group, 2016. "Benchmarking Public-Private Partnerships Procurement 2017," World Bank Publications - Reports 25089, The World Bank Group.
    2. Eisenkopf Alexander, 2017. "PPP – kein relevanter Beitrag zur Lösung der Infrastrukturprobleme in Deutschland," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 66(3), pages 246-256, December.
    3. Cherevykov, Ievgen, 2013. "Institutional environment for public-private partnership in Ukraine:Do institutions really matter?," MPRA Paper 62110, University Library of Munich, Germany.
    4. V. A. Tsukerman & A. A. Kozlov, 2017. "About the mechanism of development of industrial service in the Arctic zone of the Russian Federation," Russian Journal of Industrial Economics, MISIS, issue 4.
    5. Irina Statsenko, 2018. "Economic Preconditions for the Development of Public-Private Partnership in the Vologda Region," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 927-940.
    6. Khrystyna Danylkiv & Khrystyna Gorbova & Nataliia Hembarska & Viktor Trynchuk & Yurii Paida & Volodymyr Havran, 2020. "Methods of Economic Evaluation of Concession Project Effectiveness," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(4), pages 67-84.
    7. Kempe Ronald Hope, Sr, 2010. "Infrastructure Constraints and Development in Kenya," Journal of Infrastructure Development, India Development Foundation, vol. 2(2), pages 91-104, December.
    8. Graeme Hodge & Carsten Greve, 2013. "Public–private partnership in developing and governing mega-projects," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 9, pages 182-208, Edward Elgar Publishing.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:cjutxx:v:24:y:2017:i:4:p:73-93. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/cjut20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.