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Is the Informal Sector Constrained from the Demand Side? : Evidence for Six West African Capitals

ACCESS TO CAPITAL ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FORMAL CREDIT ACCOUNTS ACCUMULATION RATE ADVANCED ECONOMY AGRICULTURAL ECONOMICS BANK CREDIT BANK POLICY BARRIERS TO ENTRY BIASES BORROWING BUSINESS ACTIVITIES BUSINESS ACTIVITY BUSINESS ASSOCIATIONS BUSINESS ECONOMICS BUSINESS OWNERS BUSINESS RISK CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL CONSTRAINT CAPITAL COST CAPITAL INJECTION CAPITAL MARKET CAPITAL REQUIREMENTS CAPITAL RETURNS CAPITAL SHORTAGES CAPITAL STOCK CHECKS COLLATERAL CONTRACTUAL OBLIGATIONS COST OF CAPITAL CREDIT CONSTRAINED FIRMS CREDIT CONSTRAINT CREDIT HISTORY CREDIT INSTITUTIONS CREDIT MARKET CREDIT RATIONING DEGREES OF RISK DEMOGRAPHIC CHARACTERISTICS DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DIVERSIFICATION DUMMY VARIABLE DURABLE DURABLE GOODS EARNINGS ECONOMETRIC MODELS ECONOMIC CONSTRAINTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICIES ECONOMIC STATISTICS ENDOWMENTS ENTERPRISE PERFORMANCE ENTREPRENEUR ENTREPRENEURIAL ACTIVITY ENTRY BARRIERS EQUIPMENT EXCESSIVE RISK EXPECTED UTILITY EXPECTED VALUE EXPENDITURE EXPENDITURES EXTERNAL FINANCE FAMILY FINANCE FAMILY LOANS FARMERS FEMALE ENTREPRENEURS FINANCIAL MEANS FINANCIAL RESOURCES FINANCIAL SUPPORT FIXED COSTS FORMAL BANKS GDP GROUP OF FIRMS GROWTH THEORY HIGH INTEREST RATES HOLDING HOUSEHOLD WEALTH HOUSEHOLDS HUMAN CAPITAL INCOME GROWTH INFORMATION ASYMMETRIES INFORMATION ON ENTREPRENEURS INFORMATION ON INVESTMENT INSTRUMENT INSURANCE INSURANCE MARKET INSURANCE PRODUCTS INTEREST RATE INTERNAL FINANCE INTERNAL FUNDS INVENTORY INVESTING INVESTMENT BEHAVIOR JOB CREATION LABOR FORCE SURVEY LABOR MARKET LACK OF ACCESS LEVEL OF RISK LIQUID WEALTH LIQUIDITY LIQUIDITY CONSTRAINT LIQUIDITY PREMIUM LIQUIDITY PROBLEMS LOAN LOTTERY MARGINAL COST MARGINAL PRODUCT MARGINAL UTILITY MARGINAL UTILITY OF CONSUMPTION MARKET CONSTRAINTS MARKET ECONOMY MARKET FAILURE MARKET INTEREST RATE MICRO DATA MICRO ENTERPRISES MICRO-CREDIT MICRO-ENTERPRISE MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICROCREDIT MICROENTERPRISES MIDDLE INCOME COUNTRIES MONEY LENDERS MORAL HAZARD OPPORTUNITY COST PHYSICAL CAPITAL POLITICAL ECONOMY PORTFOLIO PRICE RISK PRICE UNCERTAINTY PRODUCTION FUNCTION PRODUCTIVE INVESTMENT PROFITABILITY PURCHASING POWER PURCHASING POWER PARITY RATE OF RETURN RATES OF RETURN RECEIPTS REINVESTMENT RETAINED EARNINGS RISK AVERSION RISK PERCEPTIONS RISK PREMIUM RISK-AVERSE INDIVIDUALS SAFE ASSET SAVINGS SELF-EMPLOYMENT SMALL BUSINESS SMALL ENTERPRISES SMALL-SCALE ENTREPRENEURS SOURCE OF CREDIT SOURCES OF FINANCE START-UP TAX TAXIS TRADE SECTOR TRADING TRANSITION COUNTRY TRANSITION ECONOMY TRUST FUND UNION VALUE ADDED WEALTH
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World Bank, Washington, DC
Africa | West Africa
2017-06-27T16:02:46Z | 2017-06-27T16:02:46Z | 2011-01

Employing a unique dataset that covers households from six West African capitals, this paper provides new evidence on the demand for informal sector products and services. Authors first investigate whether demand linkages exist between formal and informal products and distribution channels. In a second step, authors estimate demand elasticity's based on Engel curves. Authors find strong demand-side linkages between the formal and informal sector, with the exception that informal goods are hardly bought through formal distribution channels. The estimated demand elasticity's tend to show that rising incomes are associated with a lower propensity to consume informal sector goods and to use informal distribution channels.

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