TRADE LIBERALIZATION AND FORMAL-INFORMAL SECTOR WAGE DIFFERENTIAL IN NIGERIA
Journal Title: Asian Economic and Financial Review - Year 2013, Vol 3, Issue 12
Abstract
This study assessed the role of trade liberalization on the formal-informal sector of Nigeria. It examined whether or not the trade liberalization process have any effect on both the reduction in the wage differential between registered and non-registered (roughly formal and informal) workers and the decrease in the proportion of registered workers. The study used both secondary and primary data via the administration of questionnaires to discuss the channels through which trade liberalization could affect these two variables and put forward an empirical approach to test the existence of any correlation between them. The results from the study revealed that the fall in the wage gap between registered and non-registered workers in the manufacturing sector was affected by trade-related variables, particularly, by the import penetration ratio. However, the study did not find robust evidence that trade liberalization had a substantial effect on the decrease in the proportion of registered workers.
Authors and Affiliations
MATTHEW A. Oluwatoyin| Department of Economics & Development Studies, College of Development Studies, Covenant University, Ota, Nigeria, AZUH Dominic| Department of Economics & Development Studies, College of Development Studies, Covenant University, Ota, Nigeria
Keywords
Related Articles
- EP ID EP1985
- DOI -
- Views 401
- Downloads 24
TRADE-GROWTH NEXUS IN DEVELOPING AND DEVELOPED COUNTRIES: AN APPLICATION OF EXTREME BOUNDS ANALYSIS
In this study, we investigated the relationship between foreign trade and economic growth in the developing and developed countries by using extreme bounds analysis approach. For this we used unbalanced panel data of 103...
VOLATILITY MODELLING AND PARAMETRIC VALUE-AT-RISK FORECAST ACCURACY: EVIDENCE FROM METAL PRODUCTS
In this paper, we investigate the one-day-ahead VaR and ES accuracy of four metal daily return series including Aluminium, Copper, Nickel and Zinc. Since, all sample presents volatility clustering, volatility asymmetry,...
THE STUDY OF CONSUMER PERCEPTION ON CORPORATE SOCIAL RESPONSIBILITY TOWARDS CONSUMERS ATTITUDE AND PURCHASE BEHAVIOR
In today?s competitive conditions which many of competitive indices of companies are similar, corporate social responsibility and morality have found a special place. Environmental issues like environmental pollution, g...
AN ERROR CORRECTION REPRESENTATION OF MARKET LIQUIDITY – ECONOMIC GROWTH NEXUS IN NIGERIA: A RECENT EXPERIENCE
The study examines the relationship between market liquidity and economic growth in Nigeria over the period of 1987-2012 using time series data. The starting point of our analysis was to check for the time series propert...
AN ANALYSIS FOR CREDIT RATING AND MOMENTUM STRATEGY
In recent years, investors are increasingly concerned about whether the credit risk will affect the return on investment. This paper discusses the credit rating and momentum investment strategy relationship. The research...