The Contextual Dimensions of Informal Economy and Entrepreneurship
This study investigates the global dynamics of the informal economy and the need for coexistence between it and the formal economy. Developing and developed countries are beset with various social and economic problems, such as unemployment, poverty levels, informal jobs, and global issues. Informa...
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| Format: | Article |
| Language: | English |
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University of Djelfa
2022-09-01
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| Series: | مجلة بحوث الادارة والاقتصاد |
| Subjects: | |
| Online Access: | https://mer-j.com/merj/index.php/merj/article/view/228 |
| _version_ | 1797230426871300096 |
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| author | Adeleke. O. Banwo Bola Momoh |
| author_facet | Adeleke. O. Banwo Bola Momoh |
| author_sort | Adeleke. O. Banwo |
| collection | DOAJ |
| description |
This study investigates the global dynamics of the informal economy and the need for coexistence between it and the formal economy. Developing and developed countries are beset with various social and economic problems, such as unemployment, poverty levels, informal jobs, and global issues. Informal Entrepreneurship remains a focal means to reduce unemployment and create jobs in many economies. The informal economy and entrepreneurship dynamics were investigated using institutional theory and by drawing on a qualitative approach and secondary data from the International Labour Organization and Women in Informal Employment: Globalizing and Organizing datasets. The findings depict the need to ensure that the informal and the formal economy coexist well rather than merge due to their interwoven nature. This calls for adopting a system and holistic perspective for studying facets of informal-formal entrepreneurship in different contexts. Informal economy and informal entrepreneurship are essential for reducing global unemployment and developing innovation in the value chain in their contexts. Globally, the informal economy and informal entrepreneurship provide safety nets, a source of livelihood, and pay informal levies that contribute to economic growth and development. The study shows how informal entrepreneurship contributes to the business environment. The contextual evidence from the literature justifies the necessity for informal entrepreneurship and the economy due to the interplay of poor market conditions, institutional voids, entrepreneurial behavior, and local business dynamics.
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| first_indexed | 2024-04-24T15:28:18Z |
| format | Article |
| id | doaj.art-ec5435c6bdfd437988a739c93d09d470 |
| institution | Directory Open Access Journal |
| issn | 2676-184X 2710-8856 |
| language | English |
| last_indexed | 2024-04-24T15:28:18Z |
| publishDate | 2022-09-01 |
| publisher | University of Djelfa |
| record_format | Article |
| series | مجلة بحوث الادارة والاقتصاد |
| spelling | doaj.art-ec5435c6bdfd437988a739c93d09d4702024-04-02T05:43:51ZengUniversity of Djelfaمجلة بحوث الادارة والاقتصاد2676-184X2710-88562022-09-014210.48100/merj.2022.228The Contextual Dimensions of Informal Economy and EntrepreneurshipAdeleke. O. Banwo0Bola Momoh1Faculty of Management Studies, Islamic University (Uganda)International Economics and Trade Department, Jiangsu University (China) This study investigates the global dynamics of the informal economy and the need for coexistence between it and the formal economy. Developing and developed countries are beset with various social and economic problems, such as unemployment, poverty levels, informal jobs, and global issues. Informal Entrepreneurship remains a focal means to reduce unemployment and create jobs in many economies. The informal economy and entrepreneurship dynamics were investigated using institutional theory and by drawing on a qualitative approach and secondary data from the International Labour Organization and Women in Informal Employment: Globalizing and Organizing datasets. The findings depict the need to ensure that the informal and the formal economy coexist well rather than merge due to their interwoven nature. This calls for adopting a system and holistic perspective for studying facets of informal-formal entrepreneurship in different contexts. Informal economy and informal entrepreneurship are essential for reducing global unemployment and developing innovation in the value chain in their contexts. Globally, the informal economy and informal entrepreneurship provide safety nets, a source of livelihood, and pay informal levies that contribute to economic growth and development. The study shows how informal entrepreneurship contributes to the business environment. The contextual evidence from the literature justifies the necessity for informal entrepreneurship and the economy due to the interplay of poor market conditions, institutional voids, entrepreneurial behavior, and local business dynamics. https://mer-j.com/merj/index.php/merj/article/view/228ContextEntrepreneurial BehaviorInformal Economy and EntrepreneurshipInformal LeviesInstitutional TheoryInnovation |
| spellingShingle | Adeleke. O. Banwo Bola Momoh The Contextual Dimensions of Informal Economy and Entrepreneurship مجلة بحوث الادارة والاقتصاد Context Entrepreneurial Behavior Informal Economy and Entrepreneurship Informal Levies Institutional Theory Innovation |
| title | The Contextual Dimensions of Informal Economy and Entrepreneurship |
| title_full | The Contextual Dimensions of Informal Economy and Entrepreneurship |
| title_fullStr | The Contextual Dimensions of Informal Economy and Entrepreneurship |
| title_full_unstemmed | The Contextual Dimensions of Informal Economy and Entrepreneurship |
| title_short | The Contextual Dimensions of Informal Economy and Entrepreneurship |
| title_sort | contextual dimensions of informal economy and entrepreneurship |
| topic | Context Entrepreneurial Behavior Informal Economy and Entrepreneurship Informal Levies Institutional Theory Innovation |
| url | https://mer-j.com/merj/index.php/merj/article/view/228 |
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