Evaluating the Nature of the Relationship between Informal Entrepreneurship and the Formal Economy in Rural Communities

International Journal of Entrepreneurship and Innovation, Vol. 12, No. 2, pp. 95-103, 2011

9 Pages Posted: 6 Jul 2013

See all articles by Colin Williams

Colin Williams

University of Sheffield - School of Management

Sara Nadin

University of Liverpool

Date Written: 2011

Abstract

This paper evaluates critically the different theorisations of the nature of the relationship between informal entrepreneurship and the formal economy, which variously depict informal entrepreneurship as a leftover from a previous era, a survival practice for those excluded from the formal economy, a complement or an alternative to participation in the formal economy. Reporting evidence from 350 face-to-face interviews in English rural communities, no single theorisation is found to be universally applicable. Instead, all are shown to be valid in relation to different forms of informal entrepreneurship, and only by combining them is it feasible to achieve a finer-grained more comprehensive explanation of this complex and multifarious phenomenon.

Keywords: entrepreneurship, informal sector, informal economy, rural development, rural economies, England

JEL Classification: O17, H26, H31, R20, K42

Suggested Citation

Williams, Colin and Nadin, Sara, Evaluating the Nature of the Relationship between Informal Entrepreneurship and the Formal Economy in Rural Communities (2011). International Journal of Entrepreneurship and Innovation, Vol. 12, No. 2, pp. 95-103, 2011, Available at SSRN: https://ssrn.com/abstract=2290521

Colin Williams (Contact Author)

University of Sheffield - School of Management ( email )

15 Conduit Road
Sheffield, S10 1FL
United Kingdom

HOME PAGE: http://https://www.sheffield.ac.uk/management/staff/williams/index

Sara Nadin

University of Liverpool ( email )

Chatham Street
Liverpool, L69 7ZH
United Kingdom

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