From here to where: assessing the infrastructure financialization in urban China
文献类型：期刊论文
| 作者 | Li, Yun1; Cheng, Zhe2; Yin, Jiangbin3; Yang, Zhenshan4; Xu, Ming5 |
| 刊名 | ENGINEERING CONSTRUCTION AND ARCHITECTURAL MANAGEMENT
 |
| 出版日期 | 2024-04-11 |
| 页码 | 18 |
| 关键词 | Financialization Infrastructure Spatio-temporal pattern Influencing factor China |
| ISSN号 | 0969-9988 |
| DOI | 10.1108/ECAM-01-2023-0056 |
| 通讯作者 | Xu, Ming(xmphd@cass.org.cn) |
| 英文摘要 | PurposeInfrastructure financialization plays a critical role in infrastructure development and urban growth around the world. However, on the one hand, the existing research on the infrastructure financialization focuses on qualitative and lacks quantitative country-specific studies. On the other hand, the spatial heterogeneity and influencing factors of infrastructure financialization are ignored. This study takes China as a typical case to identify and analyze the spatial characteristics, development process and impact factors of infrastructure financialization.Design/methodology/approachTo assess the development and characteristics of infrastructure financialization in China, this study constructs an evaluation index of infrastructure financialization based on the infrastructure financialization ratio (IFR). This study then analyzes the evolution process and spatial pattern of China's infrastructure financialization through the spatial analysis method. Furthermore, this study identifies and quantitatively analyzes the influencing factors of infrastructure financialization based on the spatial Dubin model. Finally, this study offers a policy suggestion as a governance response.FindingsThe results demonstrate that infrastructure financialization effectively promotes the development of infrastructure in China. Second, there are significant spatial differences in China's infrastructure financialization. Third, many factors affect infrastructure financialization, with government participation having the greatest impact. In addition, over-financialization of infrastructure has the potential to lead to government debt risks, which is a critical challenge the Chinese Government must address. Finally, this study suggests that infrastructure financialization requires more detailed, tailored,and place-specific policy interventions by the government.Originality/valueThis study not only contributes to enriching the knowledge body of global financialization theory but also helps optimize infrastructure investment and financing policies in China and provides peer reference for other developing countries. |
| WOS关键词 | PRIVATE PARTNERSHIP PROJECTS ; PERFORMANCE ; FINANCIALISATION ; INVESTMENT ; DYNAMICS ; FINANCE |
| 资助项目 | National Natural Science Foundation of China[42271185] ; Major Program of Philosophy and Social Science of Chinese Ministry of Education[21JZD034] |
| WOS研究方向 | Engineering ; Business & Economics |
| 语种 | 英语 |
| WOS记录号 | WOS:001198651000001 |
| 出版者 | EMERALD GROUP PUBLISHING LTD |
| 资助机构 | National Natural Science Foundation of China ; Major Program of Philosophy and Social Science of Chinese Ministry of Education |
| 源URL | [http://ir.igsnrr.ac.cn/handle/311030/204595]  |
| 专题 | 中国科学院地理科学与资源研究所 |
| 通讯作者 | Xu, Ming |
| 作者单位 | 1.Xiian Jiaotong Univ, Sch Publ Policy & Adm, Xian, Peoples R China 2.Xian Univ Architecture & Technol, Sch Publ Adm, Xian, Peoples R China 3.Shaanxi Normal Univ, Xian, Peoples R China 4.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Beijing, Peoples R China 5.Chinese Acad Social Sci, Inst Ind Econ, Beijing, Peoples R China |
| 推荐引用方式 GB/T 7714 | Li, Yun,Cheng, Zhe,Yin, Jiangbin,et al. From here to where: assessing the infrastructure financialization in urban China[J]. ENGINEERING CONSTRUCTION AND ARCHITECTURAL MANAGEMENT,2024:18. |
| APA | Li, Yun,Cheng, Zhe,Yin, Jiangbin,Yang, Zhenshan,&Xu, Ming.(2024).From here to where: assessing the infrastructure financialization in urban China.ENGINEERING CONSTRUCTION AND ARCHITECTURAL MANAGEMENT,18. |
| MLA | Li, Yun,et al."From here to where: assessing the infrastructure financialization in urban China".ENGINEERING CONSTRUCTION AND ARCHITECTURAL MANAGEMENT (2024):18. |
入库方式： OAI收割
来源：地理科学与资源研究所
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