Boly, Amadou On the Short- and Medium-Term Effects of Formalisation: Panel Evidence from Vietnam <p>This paper analyses the consequences of formalisation on the performance of informal firms, using a panel dataset from Vietnam. We find that switching firms (before switching) have higher profit and value added compared to non-switching firms; suggesting heterogeneity. Becoming formal leads to an additional increase in switching firms’ profit and value added. The benefits of formalisation materialise in the short-term (one year) and persist in the longer-term (three or more years). These benefits run through various channels such as better access to powered equipment or higher business association membership; but not better access to credit.</p> panel dataset;business association membership;access;non-switching firms;Panel Evidence;paper analyses;Medium-Term Effects;benefit;formalisation materialise 2017-08-07
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10.6084/m9.figshare.5281369.v1