Madagascar's long-term trajectory is unique: not only has GDP per capita been trending downward since 1960 (the puzzle), but every time the country has set out on path of growth, it has been stopped in its tracks by a socio-political crisis that has shattered the hopes it raised (the paradox)....

In spite of its predominant economic weight in developing countries, little is known about the informal sector earnings structure compared to that of the formal sector. Taking advantage of the VHLSS dataset in Vietnam, in particular its three wave panel data (2002, 2004, 2006), we assess the...

Informality is ubiquitous in most developing countries. Understanding the informal economy is therefore of utmost importance from a political, economic and social point of view. Paradoxically, despite its economic importance, knowledge is extremely limited regarding the informal economy. It...