The Informal Economy, Economic Growth, and Poverty in Sub-Saharan Africa

Aryeetey, Ernest

doi:10.1093/acprof:oso/9780198728450.003.0006

Cited by 24 publications

(31 citation statements)

References 10 publications

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“…Unemployment, low productivity in agriculture and the need to migrate to the urban to search for employment has forced millions of the youth in developing countries to engage in informal trade (Aryeetey, 2009). Globally, it was estimated that in 2000s, the informal sector constituted 18% of economy in OECD countries, 38% of the economy in transition countries and 41% in developing countries.…”

Section: Background To the Studymentioning

confidence: 99%

The Conception of Street Vending Business (SVB) in Income Poverty Reduction in Tanzania

Mramba¹

2015

IBR

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Street vending is ubiquitous, especially in developing countries. Despite its role in pro-poor economies, it has received little attention; much has been focused on its negative impacts like, use of public space, congestion, health and safety risks, tax evasion and the sale of shoddy merchandise. In Tanzania, street traders are usually concerned with confrontation with local authorities, and at the end they lose their products and money. This study is basically concerned with exploring the approaches of street vending business operation and conceptualizes the best mode of operation for successful income poverty reduction. It is carried out by reviewing previous studies relating to SVB and the micro informal business sector in general. The study proposes a model for street vending business operations and its interventions that can lead to an income poverty reduction.

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Section: Background To the Studymentioning

confidence: 99%

The Conception of Street Vending Business (SVB) in Income Poverty Reduction in Tanzania

Mramba¹

2015

IBR

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“…Okpara and Kabongo (2009) suggested that SMEs internal and external components differs significantly among developing countries. There are many studies that explored factors that hinders SMEs development (Arasti et al, 2012b;Aryeetey, 2015;Watson and Everett, 1996). Nonetheless, understanding the lack of SMEs growth requires understanding the common problems and differences in organizational and market relations (Arasti et al, 2012b;Aryeetey, 2015;Watson and Everett, 1996).…”

Section: Literature Review and Conceptual Designmentioning

confidence: 99%

“…There are many studies that explored factors that hinders SMEs development (Arasti et al, 2012b;Aryeetey, 2015;Watson and Everett, 1996). Nonetheless, understanding the lack of SMEs growth requires understanding the common problems and differences in organizational and market relations (Arasti et al, 2012b;Aryeetey, 2015;Watson and Everett, 1996). Thus, this creates opportunity to explore the determinants of SMEs growth in Sub-Sahara Africa as country components differ on many scales including social and cultural.…”

Section: Literature Review and Conceptual Designmentioning

confidence: 99%

Exploring SMEs growth in the greater Banjul area of The Gambia

al.¹

2019

Int. j. adv. appl. sci.

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As a driving force of the national economies, Small and Medium Size Enterprises (SMEs) remains a major contributor to the GDP of countries around the world. Governments all over the world attach significant importance to sustaining the growth of SMEs because of their major contribution to economic growth. Governments are making countless efforts to improve SMEs performance. The failure rate of SMEs in Sub-Sahara Africa has been documented to be higher in other parts of the world, especially in developing countries. Sub-Sahara African countries like Nigeria, Benin, and Togo have shown constraint of growth in SMEs. Surprisingly, however, there remains scant research conducted to investigate SMEs failure in The Gambia. Therefore, there is a notable paucity of empirical research on SMEs growth constraint in The Gambia. This conceptual paper will explore factors of SMEs failures in The Gambia. As such, the literature review and conceptual design of this paper will make a significant contribution to the researches. The last two sections provide the implication and significance of the paper and some direction of future research. The in-depth literature review would help to avert SMEs failure and provide a better understanding of SMEs growth in The Gambia. Researchers with a specific interest in SMEs growth may find the knowledge in this paper useful in understanding the factors and cultural nuances, and how these factors affect business growths in The Gambia while at the same time adding to the literature in this area which remains considerably limited.

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“…Furthermore, activities of this sector are not captured in official records and usually they have no formal income remunerations. Similarly, Edward (2008) maintains that the informal sector is nothing more than heterogeneous enterprises outside any contractual arrangement or as pointed by Aryeetey (2009) enterprises without neither official status nor any social security by the government and involved in smuggling. In short, Nduru (2004) concludes that the informal trade takes different forms and is known under different names (unrecorded trade; illegal trade; unofficial trade; trade subject to over and under invoicing, smuggling, hoarding).…”

Section: Review Of Literaturementioning

confidence: 99%

The Impact of the Unofficial Cattle Business on the Household Welfare of Cattle Traders of the Border Towns of Cameroon and Nigeria

Oumar¹,

Hayatudeen²

2015

IJBA

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This paper examines the impact of the unofficial cattle business on the household welfare of cattle traders of the border towns of Cameroon and Nigeria and relates that impact to the household access to basic needs or services of life such as income, employment, food, shelter, education, potable water, electricity, and health care that have been extensively used in the literature as indicators for the attainment of well-being and freedom from the yoke of poverty in the society. It uses primary and secondary data on the trade activities and employs descriptive as well as inferential techniques of data analysis to capture the objectives of the inquiry. The findings of the paper show that despite the unofficial character and unnoticed impact of the business by the governments of Cameroon and Nigeria, the traders who partake in the business acknowledge to have enhanced their living conditions with it. Poverty reduction being implicitly or explicitly cited as a strategy for household welfare improvement by the government in Cameroon and Nigeria, the paper recommends the enforcement, review and continuation of the existing poverty reduction programs irrespective of the leadership choice in the countries.

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The Informal Economy, Economic Growth, and Poverty in Sub-Saharan Africa

Cited by 24 publications

References 10 publications

The Conception of Street Vending Business (SVB) in Income Poverty Reduction in Tanzania

The Conception of Street Vending Business (SVB) in Income Poverty Reduction in Tanzania

Exploring SMEs growth in the greater Banjul area of The Gambia

The Impact of the Unofficial Cattle Business on the Household Welfare of Cattle Traders of the Border Towns of Cameroon and Nigeria

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