Turning around the least liveability: a cost-benefit framework for Dhaka

Alam, Khorshed (2017) Turning around the least liveability: a cost-benefit framework for Dhaka. In: Bangladesh priorities: helping Vision 2021 a reality. A H Development Publishing House, New Market, Dhaka, pp. 21-57. ISBN 978-984-92671-0-2

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Abstract

The aim of this chapter is to seek smart solutions to key socio-economic, environmental, and infrastructural issues facing Dhaka city, the capital of Bangladesh. Specifically, a cost–benefit analysis (CBA) is employed to assess the suitability of selected intervention strategies for a liveable Dhaka city from the perspective of society. This study investigates the following key research questions: (i) How can Dhaka, a rapidly growing city, become liveable (interventions)?; (ii) How much is the liveability worth (costs)?; (iii) What are the socio-economic, health, and environmental benefits of interventions (benefits)?; and (iv) Are the interventions worth undertaking (net benefit)?

The research findings are based on two focus group discussions and a number of key informant interviews in the study area, as well as on an extensive review of published documents. Economic analysis revealed that the benefit–cost ratio at 10% discount rate and internal rate of returns of the project are 1.92 and 42%, respectively, which indicate the project is attractive, both financially and economically. However, this leaves policymakers, planners, development partners, and concerned citizens to make value judgment calls when interpreting these numbers. The results, which should be interpreted alongside the social and political imperatives of a rapidly growing megacity, suggest an immediate intervention to avoid any further deterioration of the environment and social structure.


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Item Type: Book Chapter (Commonwealth Reporting Category B)
Refereed: Yes
Item Status: Live Archive
Additional Information: c. The Editors. Accepted version deposited in accordance with the copyright policy of the publisher.
Faculty / Department / School: Current - Faculty of Business, Education, Law and Arts - School of Commerce
Date Deposited: 08 Mar 2018 01:36
Last Modified: 18 Jun 2018 04:25
Uncontrolled Keywords: cost-benefit analysis, Buriganga River, Dhaka, solid waste, sustainability, urban utility
Fields of Research : 14 Economics > 1402 Applied Economics > 140218 Urban and Regional Economics
14 Economics > 1402 Applied Economics > 140214 Public Economics-Publically Provided Goods
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9102 Microeconomics > 910299 Microeconomics not elsewhere classified
D Environment > 96 Environment > 9606 Environmental and Natural Resource Evaluation > 960609 Sustainability Indicators
URI: http://eprints.usq.edu.au/id/eprint/33827

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