@article{fdi:010062530,
  title = {{I}nformal sector dynamics in times of fragile growth : the case of {M}adagascar},
  author = {{V}aillant, {J}ulia and {G}rimm, {M}. and {L}ay, {J}. and {R}oubaud, {F}ran{\c{c}}ois},
  editor = {},
  language = {{ENG}},
  abstract = {{T}his article examines the dynamics of the informal sector in {M}adagascar during the 1995-2004 period, which was characterized by sustained growth that ended due to a major political crisis. {A}s conventionally assumed by simple dualistic models, the informal sector indeed fulfils a labor-absorbing function in times of crisis. {H}owever, informal business creation was also a major trend both during macroeconomic growth and during crisis and recovery. {G}rowth in the informal sector was mostly extensive, with little job creation or capital accumulation. {A}lthough 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.},
  keywords = {informal sector ; microenterprise ; firm growth ; capital returns ; {M}adagascar ; {MADAGASCAR}},
  booktitle = {},
  journal = {{E}uropean {J}ournal of {D}evelopment {R}esearch},
  volume = {26},
  numero = {4},
  pages = {437--455},
  ISSN = {0957-8811},
  year = {2014},
  DOI = {10.1057/ejdr.2014.29},
  URL = {https://www.documentation.ird.fr/hor/fdi:010062530},
}