Abstract

FAJARDO HOYOS, Claudia Liceth; GOMEZ SANCHEZ, Andrés Mauricio  and  SARMIENTO CASTILLO, Juliana Isabel. VARIABLES ASSOCIATED TO SALES INCOME BEHAVIOR IN THE MAIN MARKET SQUARES OF POPAYÁN, COLOMBIA. Semest. Econ. [online]. 2018, vol.21, n.49, pp.115-145. ISSN 0120-6346.  https://doi.org/10.22395/seec.v21n49a5.

The paper’s objective is to analyze how socioeconomic factors are related, businesses characteristics and institutional aspects with the sales income levels of merchants, both formal and informal, of the market squares of the Bolívar and La Esmeralda neighborhoods of the city of Popayán, Colombia. To do this, a stochastic quantile regression model with logarithms was used. Results show that factors such as gender and age decrease income, but others such as access to formal credits increase them; however, institutional support impacts differently in both market places or squares.

JEL CLASSIFICATION: I31, E26, R58, C31

CONTENTS: Introduction; 1. Theoretical framework and applied studies; 2. Socioeconomic aspects of merchants of the market squares of the Bolívar and La Esmeralda neighborhoods of the city of Popayán; 3. Statistical analysis; 4. Results; 5. Conclusions and recommendations; Bibliography.

Keywords : Wellness; informal economy; regional economy; quantile regression..

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