Unlocking Potential : Tackling Economic, Institutional and Social Constraints of Informal Entrepreneurship in Sub-Saharan Africa
In the past two decades, research on the informal sector has emphasized the heterogeneity of this part of the economy, example in terms of entry costs, firm size, and access to credit, forward- and backward linkages as well as human and physical ca...
| 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/895161468337243229/Unlocking-potential-tackling-economic-institutional-and-social-constraints-of-informal-entrepreneurship-in-Sub-Saharan-Africa-main-findings-and-policy-conclusions http://hdl.handle.net/10986/26878 |
| Summary: | In the past two decades, research on the
informal sector has emphasized the heterogeneity of this
part of the economy, example in terms of entry costs, firm
size, and access to credit, forward- and backward linkages
as well as human and physical capital endowments. Yet, not
much research has investigated the causes of this
heterogeneity and the implied inefficiencies. This is true
in particular for Sub-Saharan Africa, where informality
dominates urban labor markets. Understanding these causes
and the implied inefficiencies is however necessary to
design policy interventions that are able to remove the most
binding constraints for informal entrepreneurs. This note
summarizes the main findings and policy conclusions from a
research project that analyzes the quantitative importance
of various constraints to informal enterprises in West
Africa and Madagascar. |
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