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Urban Studies and EntrepreneurshipExploring the Entrepreneurial Ecosystem Within the Informal Economy with a Multifactor Framework

Urban Studies and Entrepreneurship: Exploring the Entrepreneurial Ecosystem Within the Informal... [Despite its prominence, scale and dynamism, the informal economy is viewed as remnant of a traditional economic order that needs to be systematically reduced and eventually eradicated. Only in the past few decades has a promising strand of research emerged to explore the marked heterogeneity among entrepreneurs along the formal-informal continuum and the existence of ambitious entrepreneurs committed to business growth. These entrepreneurs combine their ambitions with the pervasive informality in their society; they make both informal transactions but register their firms. We adopt a critical position of the formal-informal dichotomy. We are guided by the question of how ambitious entrepreneurs find the support in entrepreneurial ecosystems characterised by pervasive informality to further innovation. We contend that informality is embedded in entrepreneurial ecosystems at the meso-level. We contribute an analytical framework that accommodates the diversity of entrepreneurs as they, deal with, and maintain varying levels of formality and informality in infinite combinations that are compatible and conducive to business growth.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Urban Studies and EntrepreneurshipExploring the Entrepreneurial Ecosystem Within the Informal Economy with a Multifactor Framework

Part of the The Urban Book Series Book Series
Editors: Iftikhar, Muhammad Naveed; Justice, Jonathan B.; Audretsch, David B.

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Publisher
Springer International Publishing
Copyright
© Springer Nature Switzerland AG 2020
ISBN
978-3-030-15163-8
Pages
181 –202
DOI
10.1007/978-3-030-15164-5_10
Publisher site
See Chapter on Publisher Site

Abstract

[Despite its prominence, scale and dynamism, the informal economy is viewed as remnant of a traditional economic order that needs to be systematically reduced and eventually eradicated. Only in the past few decades has a promising strand of research emerged to explore the marked heterogeneity among entrepreneurs along the formal-informal continuum and the existence of ambitious entrepreneurs committed to business growth. These entrepreneurs combine their ambitions with the pervasive informality in their society; they make both informal transactions but register their firms. We adopt a critical position of the formal-informal dichotomy. We are guided by the question of how ambitious entrepreneurs find the support in entrepreneurial ecosystems characterised by pervasive informality to further innovation. We contend that informality is embedded in entrepreneurial ecosystems at the meso-level. We contribute an analytical framework that accommodates the diversity of entrepreneurs as they, deal with, and maintain varying levels of formality and informality in infinite combinations that are compatible and conducive to business growth.]

Published: May 3, 2019

Keywords: Growth-oriented entrepreneurship; Informal economy; Entrepreneurial ecosystems; Formalisation policies

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