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...

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Main Authors:	Grimm, Michael, van der Hoeven, Rolph, Lay, Jann
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ADVANCED COUNTRIES ADVERSE INCENTIVE AGRICULTURE BANK POLICY BARRIERS TO ENTRY BINDING CONSTRAINT BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS RISK CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL CONSTRAINTS CAPITAL INTENSITY CAPITAL INVESTMENT CAPITAL MARKET CAPITAL RETURNS CAPITAL SHORTAGES CAPITAL STOCK COMPETITION POLICIES CONTRACT ENFORCEMENT CREDIT CONSTRAINTS CREDIT MARKET CREDIT PROGRAM CREDIT PROVIDERS DATA ANALYSIS DEGREE OF RISK DEVELOPING COUNTRIES DISTRIBUTION CHANNEL DYNAMIC ECONOMIES E-MAIL ECONOMIC ACTIVITIES ECONOMIC CONSTRAINTS ECONOMIC DEVELOPMENT ELECTRICITY EMPLOYMENT ENTERPRISE PERFORMANCE ENTREPRENEUR ENTREPRENEURSHIP ENTRY BARRIERS EXPANSION EXPENDITURES EXPOSURE FINANCIAL SERVICES FINANCIAL SUPPORT FIRM GROWTH FIRM PERFORMANCE FIRM PERFORMANCES FIRM SIZE FIRMS FORMAL ECONOMY GOVERNMENT REGULATIONS GROWTH POTENTIAL HOLDING HOUSEHOLD INCOMES HOUSEHOLD WEALTH HUMAN CAPITAL IMPACT ASSESSMENT INCENTIVE EFFECTS INCOME INDUSTRIAL DEVELOPMENT INFORMAL ECONOMY INNOVATION INSTITUTIONAL BARRIERS INSTITUTIONAL CONSTRAINTS INSURANCE INTEREST RATES INTERNATIONAL LABOUR ORGANIZATION INVENTORY INVESTING INVESTMENT DECISIONS INVESTMENT OPPORTUNITIES INVESTMENT RATES JOB CREATION LABOR MARKET LAW ENFORCEMENT LEGAL FRAMEWORKS LOAN LOCAL MARKET MANAGERIAL SKILLS MARKET CONSTRAINTS MENU MICRO-CREDIT MICRO-DATA MICROCREDIT MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE LOANS MONEY LENDERS NUMBER OF VISITORS OUTPUTS PHONE PHYSICAL CAPITAL INVESTMENTS POVERTY ALLEVIATION PRIVATE SECTORS PRODUCTIVITY RAPID EXPANSION RE-INVESTMENT REMITTANCES REPUTATION RESULT RETURN RISK AVERSE RISK AVERSION RISK-AVERSE INDIVIDUALS SAVINGS SMALL BUSINESSES SMALL ENTERPRISES SMALL FIRM SOCIAL CAPITAL SOCIAL NETWORKS SUPERMARKETS TAX TAXATION TELECOMMUNICATION TOTAL FACTOR PRODUCTIVITY TRANSMISSION TRUST FUND WORKING HOURS WORLD ECONOMY
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

id	okr-10986-26878
recordtype	oai_dc
spelling	okr-10986-268782021-04-23T14:04:37Z Unlocking Potential : Tackling Economic, Institutional and Social Constraints of Informal Entrepreneurship in Sub-Saharan Africa Grimm, Michael van der Hoeven, Rolph Lay, Jann ADVANCED COUNTRIES ADVERSE INCENTIVE AGRICULTURE BANK POLICY BARRIERS TO ENTRY BINDING CONSTRAINT BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS RISK CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL CONSTRAINTS CAPITAL INTENSITY CAPITAL INVESTMENT CAPITAL MARKET CAPITAL RETURNS CAPITAL SHORTAGES CAPITAL STOCK COMPETITION POLICIES CONTRACT ENFORCEMENT CREDIT CONSTRAINTS CREDIT MARKET CREDIT PROGRAM CREDIT PROVIDERS DATA ANALYSIS DEGREE OF RISK DEVELOPING COUNTRIES DISTRIBUTION CHANNEL DYNAMIC ECONOMIES E-MAIL ECONOMIC ACTIVITIES ECONOMIC CONSTRAINTS ECONOMIC DEVELOPMENT ELECTRICITY EMPLOYMENT ENTERPRISE PERFORMANCE ENTREPRENEUR ENTREPRENEURSHIP ENTRY BARRIERS EXPANSION EXPENDITURES EXPOSURE FINANCIAL SERVICES FINANCIAL SUPPORT FIRM GROWTH FIRM PERFORMANCE FIRM PERFORMANCES FIRM SIZE FIRMS FORMAL ECONOMY GOVERNMENT REGULATIONS GROWTH POTENTIAL HOLDING HOUSEHOLD INCOMES HOUSEHOLD WEALTH HUMAN CAPITAL IMPACT ASSESSMENT INCENTIVE EFFECTS INCOME INDUSTRIAL DEVELOPMENT INFORMAL ECONOMY INNOVATION INSTITUTIONAL BARRIERS INSTITUTIONAL CONSTRAINTS INSURANCE INTEREST RATES INTERNATIONAL LABOUR ORGANIZATION INVENTORY INVESTING INVESTMENT DECISIONS INVESTMENT OPPORTUNITIES INVESTMENT RATES JOB CREATION LABOR MARKET LAW ENFORCEMENT LEGAL FRAMEWORKS LOAN LOCAL MARKET MANAGERIAL SKILLS MARKET CONSTRAINTS MENU MICRO-CREDIT MICRO-DATA MICROCREDIT MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE LOANS MONEY LENDERS NUMBER OF VISITORS OUTPUTS PHONE PHYSICAL CAPITAL INVESTMENTS POVERTY ALLEVIATION PRIVATE SECTORS PRODUCTIVITY RAPID EXPANSION RE-INVESTMENT REMITTANCES REPUTATION RESULT RETURN RISK AVERSE RISK AVERSION RISK-AVERSE INDIVIDUALS SAVINGS SMALL BUSINESSES SMALL ENTERPRISES SMALL FIRM SOCIAL CAPITAL SOCIAL NETWORKS SUPERMARKETS TAX TAXATION TELECOMMUNICATION TOTAL FACTOR PRODUCTIVITY TRANSMISSION TRUST FUND WORKING HOURS WORLD ECONOMY 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. 2017-06-05T15:33:18Z 2017-06-05T15:33:18Z 2011-11 Working Paper 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research Africa Sub-Saharan Africa West Africa Madagascar
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ADVANCED COUNTRIES ADVERSE INCENTIVE AGRICULTURE BANK POLICY BARRIERS TO ENTRY BINDING CONSTRAINT BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS RISK CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL CONSTRAINTS CAPITAL INTENSITY CAPITAL INVESTMENT CAPITAL MARKET CAPITAL RETURNS CAPITAL SHORTAGES CAPITAL STOCK COMPETITION POLICIES CONTRACT ENFORCEMENT CREDIT CONSTRAINTS CREDIT MARKET CREDIT PROGRAM CREDIT PROVIDERS DATA ANALYSIS DEGREE OF RISK DEVELOPING COUNTRIES DISTRIBUTION CHANNEL DYNAMIC ECONOMIES E-MAIL ECONOMIC ACTIVITIES ECONOMIC CONSTRAINTS ECONOMIC DEVELOPMENT ELECTRICITY EMPLOYMENT ENTERPRISE PERFORMANCE ENTREPRENEUR ENTREPRENEURSHIP ENTRY BARRIERS EXPANSION EXPENDITURES EXPOSURE FINANCIAL SERVICES FINANCIAL SUPPORT FIRM GROWTH FIRM PERFORMANCE FIRM PERFORMANCES FIRM SIZE FIRMS FORMAL ECONOMY GOVERNMENT REGULATIONS GROWTH POTENTIAL HOLDING HOUSEHOLD INCOMES HOUSEHOLD WEALTH HUMAN CAPITAL IMPACT ASSESSMENT INCENTIVE EFFECTS INCOME INDUSTRIAL DEVELOPMENT INFORMAL ECONOMY INNOVATION INSTITUTIONAL BARRIERS INSTITUTIONAL CONSTRAINTS INSURANCE INTEREST RATES INTERNATIONAL LABOUR ORGANIZATION INVENTORY INVESTING INVESTMENT DECISIONS INVESTMENT OPPORTUNITIES INVESTMENT RATES JOB CREATION LABOR MARKET LAW ENFORCEMENT LEGAL FRAMEWORKS LOAN LOCAL MARKET MANAGERIAL SKILLS MARKET CONSTRAINTS MENU MICRO-CREDIT MICRO-DATA MICROCREDIT MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE LOANS MONEY LENDERS NUMBER OF VISITORS OUTPUTS PHONE PHYSICAL CAPITAL INVESTMENTS POVERTY ALLEVIATION PRIVATE SECTORS PRODUCTIVITY RAPID EXPANSION RE-INVESTMENT REMITTANCES REPUTATION RESULT RETURN RISK AVERSE RISK AVERSION RISK-AVERSE INDIVIDUALS SAVINGS SMALL BUSINESSES SMALL ENTERPRISES SMALL FIRM SOCIAL CAPITAL SOCIAL NETWORKS SUPERMARKETS TAX TAXATION TELECOMMUNICATION TOTAL FACTOR PRODUCTIVITY TRANSMISSION TRUST FUND WORKING HOURS WORLD ECONOMY
spellingShingle	ADVANCED COUNTRIES ADVERSE INCENTIVE AGRICULTURE BANK POLICY BARRIERS TO ENTRY BINDING CONSTRAINT BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS RISK CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL CONSTRAINTS CAPITAL INTENSITY CAPITAL INVESTMENT CAPITAL MARKET CAPITAL RETURNS CAPITAL SHORTAGES CAPITAL STOCK COMPETITION POLICIES CONTRACT ENFORCEMENT CREDIT CONSTRAINTS CREDIT MARKET CREDIT PROGRAM CREDIT PROVIDERS DATA ANALYSIS DEGREE OF RISK DEVELOPING COUNTRIES DISTRIBUTION CHANNEL DYNAMIC ECONOMIES E-MAIL ECONOMIC ACTIVITIES ECONOMIC CONSTRAINTS ECONOMIC DEVELOPMENT ELECTRICITY EMPLOYMENT ENTERPRISE PERFORMANCE ENTREPRENEUR ENTREPRENEURSHIP ENTRY BARRIERS EXPANSION EXPENDITURES EXPOSURE FINANCIAL SERVICES FINANCIAL SUPPORT FIRM GROWTH FIRM PERFORMANCE FIRM PERFORMANCES FIRM SIZE FIRMS FORMAL ECONOMY GOVERNMENT REGULATIONS GROWTH POTENTIAL HOLDING HOUSEHOLD INCOMES HOUSEHOLD WEALTH HUMAN CAPITAL IMPACT ASSESSMENT INCENTIVE EFFECTS INCOME INDUSTRIAL DEVELOPMENT INFORMAL ECONOMY INNOVATION INSTITUTIONAL BARRIERS INSTITUTIONAL CONSTRAINTS INSURANCE INTEREST RATES INTERNATIONAL LABOUR ORGANIZATION INVENTORY INVESTING INVESTMENT DECISIONS INVESTMENT OPPORTUNITIES INVESTMENT RATES JOB CREATION LABOR MARKET LAW ENFORCEMENT LEGAL FRAMEWORKS LOAN LOCAL MARKET MANAGERIAL SKILLS MARKET CONSTRAINTS MENU MICRO-CREDIT MICRO-DATA MICROCREDIT MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE LOANS MONEY LENDERS NUMBER OF VISITORS OUTPUTS PHONE PHYSICAL CAPITAL INVESTMENTS POVERTY ALLEVIATION PRIVATE SECTORS PRODUCTIVITY RAPID EXPANSION RE-INVESTMENT REMITTANCES REPUTATION RESULT RETURN RISK AVERSE RISK AVERSION RISK-AVERSE INDIVIDUALS SAVINGS SMALL BUSINESSES SMALL ENTERPRISES SMALL FIRM SOCIAL CAPITAL SOCIAL NETWORKS SUPERMARKETS TAX TAXATION TELECOMMUNICATION TOTAL FACTOR PRODUCTIVITY TRANSMISSION TRUST FUND WORKING HOURS WORLD ECONOMY Grimm, Michael van der Hoeven, Rolph Lay, Jann Unlocking Potential : Tackling Economic, Institutional and Social Constraints of Informal Entrepreneurship in Sub-Saharan Africa
geographic_facet	Africa Sub-Saharan Africa West Africa Madagascar
description	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.
format	Working Paper
author	Grimm, Michael van der Hoeven, Rolph Lay, Jann
author_facet	Grimm, Michael van der Hoeven, Rolph Lay, Jann
author_sort	Grimm, Michael
title	Unlocking Potential : Tackling Economic, Institutional and Social Constraints of Informal Entrepreneurship in Sub-Saharan Africa
title_short	Unlocking Potential : Tackling Economic, Institutional and Social Constraints of Informal Entrepreneurship in Sub-Saharan Africa
title_full	Unlocking Potential : Tackling Economic, Institutional and Social Constraints of Informal Entrepreneurship in Sub-Saharan Africa
title_fullStr	Unlocking Potential : Tackling Economic, Institutional and Social Constraints of Informal Entrepreneurship in Sub-Saharan Africa
title_full_unstemmed	Unlocking Potential : Tackling Economic, Institutional and Social Constraints of Informal Entrepreneurship in Sub-Saharan Africa
title_sort	unlocking potential : tackling economic, institutional and social constraints of informal entrepreneurship in sub-saharan africa
publisher	World Bank, Washington, DC
publishDate	2017
url	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
_version_	1764462599275020288

Unlocking Potential : Tackling Economic, Institutional and Social Constraints of Informal Entrepreneurship in Sub-Saharan Africa

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