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dc.contributor.authorGrimm, Michaelen_US
dc.contributor.authorKrüger, Jensen_US
dc.contributor.authorLay, Jannen_US
dc.date.accessioned2010-09-13T15:08:04Z-
dc.date.availablestart=2010-09-13; end=2010-11-10-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/40010-
dc.description.abstractThis paper investigates the patterns of capital entry barriers into informal activities and capital returns in a number of Sub-Saharan African economies using a unique micro data set on informality covering seven West-African countries. Our assessment of initial investment of micro and small enterprises (MSEs) suggests that while few activities seem to exhibit considerable entry barriers, some informal entrepreneurs incur substantial initial investment, in particular when compared to their earnings levels. We find very heterogeneous patterns of capital returns in informal MSEs. At very low levels of capital, marginal returns are high, but rapidly decreasing. In a medium range of capital between 150 and 1 000 international dollars, marginal returns tend to be low and unstable. Only at higher levels of capital, they become more stable and can be fairly high again. These results are partly consistent with a dichotomous informal sector where subsistence activities co?exist with more capital intensive activities.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik, Ausschuss für Entwicklungsländer Göttingenen_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Hannover 2010 17en_US
dc.subject.ddc330en_US
dc.subject.keywordMicroenterprisesen_US
dc.subject.keywordInformalityen_US
dc.subject.keywordSub-Saharan Africaen_US
dc.titleCapital market imperfections, uncertainty or both: Evidence on economic constraints to informal enterprises in Sub-Saharan Africaen_US
dc.typeConference Paperen_US
dc.identifier.ppn654653925-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec10:17-
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Proceedings of the German Development Economics Conference, 2010 (Hannover)

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