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

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...

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Bibliographic Details
Published in:Organizations and markets in emerging economies 2011-01, Vol.2 (1), p.24-33
Main Authors: Muzaffar, Ahmed Taneem, Huda, S. S. M. Sadrul
Format: Article
Language:English
Subjects:
bribery
Corruption
extortion fee
real estate sector
rent-seeking activity
welfare loss
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Summary: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.
ISSN:2029-4581
2345-0037
DOI:10.15388/omee.2011.2.1.14287