Original Research

The potential financial upliftment of inner-city street traders through the provision of rental stands

Chris W. Callaghan, Tendai Gwatidzo
Journal of Economic and Financial Sciences | Vol 6, No 3 | a250 | DOI: https://doi.org/10.4102/jef.v6i3.250 | © 2018 Chris Callaghan, Tendai Gwatidzo | This work is licensed under CC Attribution 4.0
Submitted: 26 June 2018 | Published: 31 October 2013

About the author(s)

Chris W. Callaghan, School of Economic and Business Sciences, University of the Witwatersrand, South Africa
Tendai Gwatidzo, School of Economic and Business Sciences, University of the Witwatersrand, South Africa

Full Text:

PDF (223KB)

Abstract

Historically, policy applied to the informal sector in the Southern African context has been either (i) ‘restrictive’, or aimed at the elimination or eradication of the sector; or has been (ii) ‘promotive’, or aimed at the financial upliftment of certain informal participants in order to enable the potential for economic developmental inherent in the sector. This research provides evidence of the financial impact of one such ‘promotive’ intervention: the provision of street-trader rental stands by local government. Using survey data from 2008, 2009, and 2010, an exploratory parametric research design is applied, using t-tests, Pearson point biserial tests, partial correlation analysis, chi-squared tests and multiple linear regression. Results suggest that the provision of rental stands can (i) significantly reduce gender inequality in earnings; enable traders (ii) to work more hours a day; (iii) to offer more capital-intensive product offerings; and (iv) to obtain higher gross daily earnings.

Keywords

financial development; informal sector; public policy; street trading

Metrics

Total abstract views: 1795
Total article views: 727

 

Crossref Citations

1. Governmentality and Spatial Strategies: Towards Formalization of Street Vendors in Guangzhou, China
Gengzhi Huang, Desheng Xue, Yang Wang
International Journal of Urban and Regional Research  vol: 43  issue: 3  first page: 442  year: 2019  
doi: 10.1111/1468-2427.12730