Growth of Firms in Developing countries, Evidence from Cote D'Ivoire
Sleuwaegen, Leo Goedhuys, Micheline
Sleuwaegen, Leo
Goedhuys, Micheline
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Publication Type
Journal article with impact factor
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Supervisor
Publication Year
2002
Journal
Journal of Development Economics
Book
Publication Volume
68
Publication Issue
1
Publication Begin page
117
Publication End page
135
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Abstract
This paper presents evidence in support of a particular growth process of firms that is consistent with the missing middle in the size distribution of manufacturing firms in African countries. Firm growth is explained by size and age effects as a result of efficiency exploiting through scale enlargements and learning, but is strongly moderated by reputation effects and formal legitimation which facilitate access to output markets and resources. Complementing the model with data on growth obstacles as perceived by the owners of firms, medium-sized firms are found to be strongly hurt by insufficient access to infrastructure and financial services.
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Keywords
Strategic Context & International Business