Vaillant Julia, Grimm M., Lay J., Roubaud François. (2014). Informal sector dynamics in times of fragile growth : the case of Madagascar. European Journal of Development Research, 26 (4), p. 437-455. ISSN 0957-8811.
Titre du document
Informal sector dynamics in times of fragile growth : the case of Madagascar
Vaillant Julia, Grimm M., Lay J., Roubaud François
Source
European Journal of Development Research, 2014,
26 (4), p. 437-455 ISSN 0957-8811
This article examines the dynamics of the informal sector in Madagascar during the 1995-2004 period, which was characterized by sustained growth that ended due to a major political crisis. As conventionally assumed by simple dualistic models, the informal sector indeed fulfils a labor-absorbing function in times of crisis. However, informal business creation was also a major trend both during macroeconomic growth and during crisis and recovery. Growth in the informal sector was mostly extensive, with little job creation or capital accumulation. Although such a situation would be consistent with the existence of poverty traps, estimated marginal returns to capital are decreasing, which tends to reject this hypothesis.
Plan de classement
Développement économique / Aménagement du territoire [095]
;
Economie : secteurs d'activité [096]