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...

This article analyzes the approaches to the definition of the competitive advantages of business. Based on a review of the resource, technological, institutional, organizational and technological approaches, the expediency of the organizational and technological approach to solving the problem...

We provide, for the first time, comparative evidence of the impact of various types of extreme events - natural disasters, terrorism, and violent conflicts - on the perceptions of entrepreneurs concerning some key entrepreneurial issues - such as fear of failure in starting a business venture,...

The aim of this paper is to investigate whether return migrants are more likely to become entrepreneurs than non-migrants. We develop a theoretical search model that puts forward the trade off faced by returnees since overseas migration provides an opportunity for human and physical capital...

The aim of this study is to provide a microeconomic investigation of the concept of entrepreneurship; in particular, it discusses the following issues: 1) the alternative ways of looking at entrepreneurship, distinguishing “creative destruction” from simple “turbulence”; 2) the different...

We provide a formal model of entrepreneurship in human development. The framework is provided by the capabilities approach (CA). Hence we extend not only the conceptualisation of entrepreneurship in development, but the reach of the CA into entrepreneurship. From a CA view, entrepreneurship is...

The paper uses microeconomic data to characterize entrepreneurs by income group and selected household, individual and business characteristics, finding that entrepreneurship is rare but more frequent in the upper class than the middle or lower classes. Middle-class entrepreneurs are, on...

In Romania, like in other ex-communist countries, entrepreneurial culture is still recovering from more than 50 years of communism. Romanian academic research in the field is still at its beginnings, with more primary research needed. In this article we aim to offer an analysis of perceptions of...

The Consumer Co-operation from Moldova, becoming an important segment of socio-economic system of the country, during its activity of around a century and a half passed through different periods of ascension and decline, resisting to the impact of the world economic crisis and internal ones. The...

This paper employs mechanism design to study how imperfect legal enforcement impacts simultaneously on the availability (or scale) of credit for investment and interest rates. The analysis combines two standard ingredients of the development and contract literatures: limited commitment, which...