Publications des scientifiques de l'IRD

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
Année de publication
2014
Type de document
Article référencé dans le Web of Science WOS:000341122800004
Auteurs
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]
Description Géographique
MADAGASCAR
Localisation
Fonds IRD [F B010062530]
Identifiant IRD
fdi:010062530
Contact