Working Paper - 208 - The Main Obstacles to Firms Growth in Senegal Implications for the Long-Run (original) (raw)
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The Main Obstacles to Firms’ Growth in Senegal: Implications for the Long Run
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Typescript prepared by Jenny Stanley Smith for UNU-WIDER. UNU-WIDER gratefully acknowledges the financial contributions to the research programme from the governments of Denmark, Finland, Sweden, and the United Kingdom. The World Institute for Development Economics Research (WIDER) was established by the United Nations University (UNU) as its first research and training centre and started work in Helsinki, Finland in 1985. The Institute undertakes applied research and policy analysis on structural changes affecting the developing and transitional economies, provides a forum for the advocacy of policies leading to robust, equitable and environmentally sustainable growth, and promotes capacity strengthening and training in the field of economic and social policy-making. Work is carried out by staff researchers and visiting scholars in Helsinki and through networks of collaborating scholars and institutions around the world.
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Typescript prepared by Liisa Roponen at UNU-WIDER. UNU-WIDER gratefully acknowledges the financial contributions to the research programme from the governments of Denmark, Finland, Sweden, and the United Kingdom. The World Institute for Development Economics Research (WIDER) was established by the United Nations University (UNU) as its first research and training centre and started work in Helsinki, Finland in 1985. The Institute undertakes applied research and policy analysis on structural changes affecting the developing and transitional economies, provides a forum for the advocacy of policies leading to robust, equitable and environmentally sustainable growth, and promotes capacity strengthening and training in the field of economic, and social policy-making. Work is carried out by staff researchers and visiting scholars in Helsinki and through networks of collaborating scholars and institutions around the world.
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Typescript prepared by Liisa Roponen at UNU-WIDER. UNU-WIDER gratefully acknowledges the financial contributions to the research programme from the governments of Denmark, Finland, Sweden, and the United Kingdom. The World Institute for Development Economics Research (WIDER) was established by the United Nations University (UNU) as its first research and training centre and started work in Helsinki, Finland in 1985. The Institute undertakes applied research and policy analysis on structural changes affecting the developing and transitional economies, provides a forum for the advocacy of policies leading to robust, equitable and environmentally sustainable growth, and promotes capacity strengthening and training in the field of economic, and social policy-making. Work is carried out by staff researchers and visiting scholars in Helsinki and through networks of collaborating scholars and institutions around the world.
Growth in Senegal: The 1995-2005 Experience
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The findings, interpretations, and conclusions expressed herein do not necessarily reflect the views of the sponsoring organizations or the governments they represent. The sponsoring organizations do not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the sponsoring organizations concerning the legal status of any territory or the endorsement or acceptance of such boundaries. All queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank,
Growth Facilitation in New Structural Economics: The Case of Senegal
This paper deals with the growth facilitation in Senegal. By comparing with appropriate comparator economies, the results indicate that Senegal may have latent comparative advantages in apparel and footwear production. According to the theory of new structural economics, Senegal could accelerate its rate of economic growth by aligning its industrial structure with the identified latent comparative advantages. The government’s task is to implement policies to facilitate the alignment process because there are numerous constraints that must be addressed (e.g. large informal sector, infrastructural deficiencies etc
Diagnostic of senegalese firms : structure, constraints, comparative analyse with best practices
The objective of this article is to analyze the determinants of the structure of the economic fabric of Senegal. The methodology adopted is multifactor analysis and the data used come from the World Bank's harmonized business survey covering 47 African countries over the period. The results showed the geographical position of a Senegalese company, its legal status, its longevity in the economic fabric as well as the participation of private foreigners in the capital intrinsically depends on the size of the company. In addition, the comparative analysis with the reference countries shows that the fabric of Senegalese companies is very young, characterized by a greater participation of the State in the capital of companies. Also, in terms of innovation, Senegalese companies are at the same level as the reference countries. On the other hand, Senegalese companies face major constraints related, in particular, to the international certification of the audit of financial statements. In addition, the banking rate of Senegalese companies is very low; the value of collateral for loans is very high and the amounts allocated for investment insufficient.
Sino-Senegalese Cooperation: An Impulse to Innovative Growth Strategies for Senegalese SMEs
International Journal Of Innovation And Economic Development, 2015
Since 2005, Senegal and China have developed painstaking efforts to flourish in win-win cooperation. However, the outcome of this collaboration is still under scrutiny due to several constraints in the small and medium enterprise (SME) sector. This study examined how the Sino-Senegalese cooperation could be a mean for Senegalese SMEs to grow their businesses through competitive strategies. The purpose of the study was to explore practical uses of growth strategies that may enable the Senegalese SMEs to develop sustainably. We adopted an inductive research approach by using descriptive and interpretive statistical analysis methods. We explored the data using SPSS 16.0. We can summarize the findings as follows: (1) Senegalese SMEs in China face problems related to unstable government regulations; high money transaction costs and high tax rates rather than access to finance; (2) there is a high degree of informality among SMEs in Guangzhou and Yiwu despite the relatively high level of ...
Leveraging the Potential of the Services Sector to Support Accelerated Growth in Senegal
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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.