The Socio-economic Analysis of the Street Economy in the Twin Cities of Pakistan (Article)

Nasir Iqbal (), Saima Nawaz and Muhammad Aqeel Anwar
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Saima Nawaz: Associate Professor, COMSATS University Islamabad (CUI), Islamabad.
Muhammad Aqeel Anwar: Pakistan Institute of Development Economics, Islamabad.

The Pakistan Development Review, 2022, vol. 61, issue 3, 335–363

Abstract: The study provides a socio-economic analysis of the street economy using primary data based on a survey of 1,863 fixed street vendors operating in the Twin Cities of Pakistan. Descriptive analysis shows that street vendors, on average, make a significant profit of US$ 212 per month (29 percent of total monthly revenue). They chose to vend due to the lack of formal education and the unavailability of formal sector jobs. Vendors pay more than 51 percent of their operating cost (US$107 per month) as rent to shop owners to place carts/tables in front of shops. About 98 percent of vendors operate without legal protection (e.g. license/permit), leading to frequent evictions.

Keywords: Street Economy; Twin Cities; Economic Analysis; Pakistan (search for similar items in EconPapers)
Date: 2022
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