State capital mobilization under soft budget constraints: Uneven growth and spatiality of China's public-private partnerships

《State capital mobilization under soft budget constraints: Uneven growth and spatiality of China's public-private partnerships》

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作者: Mengdi Wu;George C.S. Lin

来源: HABITAT INTERNATIONAL,Vol.128,P.102612

语言: 英文

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作者单位: Department of Geography, The University of Hong Kong, Pokfulam Road, Hong Kong, China;Department of Geography, The University of Hong Kong, Pokfulam Road, Hong Kong, China;School of Design, Shanghai Jiao Tong University, Shanghai, PR China;Shanghai Key Laboratory of Urban Renewal and Spatial Optimization Technology, PR China;International Research Center for Architectural Heritage Conservation, Shanghai Jiao Tong University, Shanghai, PR China;Department of Civil Engineering, Sanandaj Branch, Islamic Azad University, Sanandaj, Iran;Department of Civil Engineering, Technical and Vocational University (TVU), Tehran, Iran;Department of Civil Engineering, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran;Department of Building and Real Estate, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong, China;School of Computing, Engineering and Built Environment, Edinburgh Napier University, Edinburgh, United Kingdom;School of Geographic and Oceanographic Sciences, Nanjing University, Nanjing, 210023, China;Key Laboratory of Coastal Zone Exploitation and Protection, Ministry of Natural Resources, Nanjing, 210023, China;Department of Urban Studies and Planning, University of Sheffield, Western Bank, Sheffield, S10 2TN, UK;Institute of Geography, Ruhr University Bochum, Universitätsstraße 150, 44801, Bochum, Germany;Jiangsu Land Development and Consolidation Technology Engineering Center, Nanjing, 210023, China;Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing, 100101, China;Key Laboratory of Regional Sustainable Development Modeling, Chinese Academy of Sciences, Beijing, 100101, China;Economic School of Shandong Technology and Business University, Yantai, 264005, China;Urban Planning & Design Institute of Shenzhen, Shenzhen, 518028, China;Institute of China Studies, University of Malaya, Kuala Lumpur, 50603, Malaysia;Xi'an University of Architecture and Technology, Xi'an, Shaanxi, China;The Research Institute of New Urbanization and Human Settlement in Shaanxi Province, Xi'an, Shaanxi, China;Xi'an Jianda Institute of Urban Planning and Design, Xi'an, Shaanxi, China;China Academy of Urban-rural Development & Cultural Heritage, Xi’an, Shaanxi, China;School of Management, Zhejiang University of Technology, Hangzhou, 310023, China;Department of Geography and Resource Management, and Institute of Space and Earth Information Science, The Chinese University of Hong Kong, Shatin, Hong Kong, China;Key Laboratory of Regional Sustainable Development Modeling, Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing, 100101, China;College of Applied Arts and Science, Beijing Union University, Beijing, 100191, China;Land and Urban-Rural Development Research Institute, Zhejiang University of Finance and Economics, Hangzhou, 310018, China

摘要: This study examines the uneven growth and spatiality of the practicing of public-private partnerships (PPPs) in China where capital mobilization had until recently been monopolized by the Party-State. Two types of PPPs are identified, namely those formed for businesses and economic developments and others for the purposes of social welfare and environmental protection. PPPs are not prominent in the cities and regions with a mature market and advanced economy. Instead, they are strongly associated with some backward and remote areas where the degree of marketization is low and the legacy of state socialism remains high. Results of multi-variate modeling suggest that the spatial variation of China's PPPs is significantly correlated with neither the degree of marketization nor the level of fiscal pressure but instead the socialist legacy of soft budget constraints. The findings of this research foreground an interesting practice that blends the state-market binary and challenge the popular perception of the state and market as unambiguous theoretical coordinates.

《State capital mobilization under soft budget constraints: Uneven growth and spatiality of China&#39;s public-private partnerships》

《State capital mobilization under soft budget constraints: Uneven growth and spatiality of China's public-private partnerships》