Small And Medium Entreprise Policy Reforms And Formalization Performance In Nigeria

Friday Ohuche ()
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Friday Ohuche: Governors Department, Central Bank of Nigeria

No 3008, Working Papers 1 from Office Of The Chief Economist, Development Bank of Nigeria

Abstract: In this study we employ the “Difference Principle” approach to evaluate the costs and benefits of firms transiting from an informal to formal sector (Formalization). We focus on both the differential impacts and effectiveness of policy reforms such as microfinance policy and other related micro-enterprise policies aimed at attracting informal firms into the formal sector. Introduction of Institutional reforms presupposes that firms in the informal sector maximizes a given welfare condition which acts as an incentive to formalize.

Keywords: Small and Medium Enterprises; Difference Principle Approach; Policy. (search for similar items in EconPapers)
JEL-codes: R10 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2018-06
New Economics Papers: this item is included in nep-iue, nep-mfd and nep-sbm
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