Constrained Gazelles: High Potentials in West Africa’s Informal Economy

@inproceedings{Grimm2012ConstrainedGH,
  title={Constrained Gazelles: High Potentials in West Africa’s Informal Economy},
  author={Michael Grimm and Peter Knorringa and Jann Lay},
  year={2012}
}
The informal sector is typically characterised as being very heterogeneous and possibly composed of two clearly distinct segments, sometimes called the lower and upper tier. However, empirical evidence shows that even among lower tier entrepreneurs profitability can be quite high. We combine these findings and develop an innovative approach to identify what we call ‘constrained gazelles’, next to the well-known survivalists in the lower tier and growth-oriented top-performers in the upper tier… CONTINUE READING
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