Research On Evolutionary Mechanism Of Construction Market Credit System

The research on credit issue in construction market is one ofimportant theoretic research subjects on construction in recent years,achieving a great success. Reviewing these research outputs, we couldfind that the study objectives of various credit theories in constructionmarket are mainly focused on the following areas: one is the research onthe fundamental properties of construction market credit, and another isthe research on the institutional construction for credit system inconstruction market, all of which have tremendously promoted theconstruction and perfection of credit system in construction market ofChina. Analyzing the study angles of these research results, however, wecould find that most of which are confined to a small area of the researchon credit institution construction and there's little regarding constructionmarket credit as a economic system, studying the evolution rules andcharacteristics of construction market credit system from amacro-systematic angle, discussing the causes for credit loss inconstruction market of China, therefore, guiding the construction of creditsystem in construction market.Based on the construction of credit system in construction market,by means of Evolutionary Economics Theory, using the theoreticalfundamentals of 'routine', 'searching', 'innovation' and 'option environment', the paper establishes the evolutional theoretic frameworkof credit system in construction market. Under this frame, the evolutionalmechanism of credit system in construction market is discussed from anangle of system evolution by applying the analytical tools includingSelf-organization Theory, Social Evolution Theory and EvolutionaryGame Theory; through the analysis of the evolutional path of creditsystem in construction market of China, the paper presents thecharacteristics of the evolution of credit system in construction market,probes the driving force factors and its formation mechanism of theevolution of credit system in construction market through the 'ForceAnalysis' of Evolutionary Dynamics and 'Entropy Analysis' ofSelf-organization Theory, discusses the conditions of the self-organizationof credit system in construction market from the angle of Entropy Modeloptimization. Combined with the conclusions above and the real currentsituation of construction market in China, the study proposes the policymeasures from macro and micro aspects to control the evolution of creditsystem in construction market, ensuring its normal and health evolutionalpath to the prospective objectives.