Small entrepreneurs in poor countries achieve relatively high marginal returns to capital but show only low re-investment rates. The literature is rather inconclusive about the possible causes. The author...
This articles offers an analysis of institutional barriers that prevent the creation of Informal Units of Production (IUP) in Ouagadougou (Burkina Faso), Abidjan (Cote d’Ivoire), Bamako (Mali), Niamey...