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Small And Medium Entreprise Policy Reforms And Formalization Performance In Nigeria

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  • Friday K. Ohuche

    (Governors Department, Central 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.

Suggested Citation

  • Friday K. Ohuche, 2018. "Small And Medium Entreprise Policy Reforms And Formalization Performance In Nigeria," Working Papers 1 3008, Office Of The Chief Economist, Development Bank of Nigeria.
    • Handle: RePEc:dbn:wps208:3008
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    References listed on IDEAS

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    1. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross‐Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, vol. 7(3), pages 207-227, November.
    2. Bromley, Ray, 1978. "Introduction - the urban informal sector: Why is it worth discussing?," World Development, Elsevier, vol. 6(9-10), pages 1033-1039.
    3. Knack, Stephen & Keefer, Philip, 1995. "Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Indicators," MPRA Paper 23118, University Library of Munich, Germany.
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    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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