Constrained Gazelles : High Potentials in West Africa's Informal Economy
The informal sector is typically characterized as being very heterogeneous and possibly composed of two clearly distinct segments, sometimes called the lower and upper tier. However, empirical evidence shows that even among lower tier entrepreneur&...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/468141468337243809/Constrained-gazelles-high-potentials-in-West-Africas-informal-economy http://hdl.handle.net/10986/26877 |
| Summary: | The informal sector is typically
characterized as being very heterogeneous and possibly
composed of two clearly distinct segments, sometimes called
the lower and upper tier. However, empirical evidence shows
that even among lower tier entrepreneur's profitability
can be quite high. The authors combine these findings and
develop an innovative approach to identify what is called
constrained gazelles, next to the well-known survivalists in
the lower tier and growth-oriented top-performers in the
upper tier. The sample of informal entrepreneurs in seven
West-African countries allows linking the relative size of
these three groups to the structural and macroeconomic
environment in these countries. |
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