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• W1844593242 abstract "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." @default.
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• W1844593242 date "2014-08-07" @default.
• W1844593242 modified "2023-10-03" @default.
• W1844593242 title "Informal sector dynamics in times of fragile growth: The case of Madagascar" @default.
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• W1844593242 doi "https://doi.org/10.1057/ejdr.2014.29" @default.
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