Does Corruption Lead to Welfare Loss? An Empirical Evidence From Real Estate Sector of Bangladesh

Ahmed Taneem Muzaffar; S. S. M. Sadrul Huda

doi:10.15388/omee.2011.2.1.14287

Articles

Ahmed Taneem Muzaffar

East West University

S. S. M. Sadrul Huda

East West University

Published 2011-05-31

https://doi.org/10.15388/omee.2011.2.1.14287

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Keywords

Corruption
bribery
extortion fee
rent-seeking activity
real estate sector
welfare loss

How to Cite

Muzaffar, A.T. and Huda, S.S.M.S. (2011) “Does Corruption Lead to Welfare Loss? An Empirical Evidence From Real Estate Sector of Bangladesh”, Organizations and Markets in Emerging Economies, 2(1), pp. 24–33. doi:10.15388/omee.2011.2.1.14287.

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Abstract

Regulation may give rise to corrupt practices thereby resulting in welfare loss in an economy. This research aims at measuring the impact of corruption on the real estate sector of Dhaka city, the capital of Bangladesh. It makes an attempt to measure the welfare loss resulting from corrupt practices exercised mainly by government regulatory agencies. Bribe and extortion fee are the two main indicators whereby welfare loss is measured. Evidence from the study reveals that around 8 floors are lost due to payment of bribe and other such payments.

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