Although entrepreneurship in the informal economy occurs outside state regulatory systems, informal commercial activities account for an estimated 30% of economic activity around the world. Informal entrepreneurship goes unmonitored despite the fact that it significantly contributes to poverty...

pt. 1. Determinants of informal entrepreneurship -- pt. 2. Financial aspects of informal entrepreneurship -- pt. 3. Organizational forms of informal entrepreneurship -- pt. 4. Institutional environment for informal entrepreneurship -- pt. 5. Sociocultural contexts of informal entrepreneurship --...

Based on the eclectic theory of entrepreneurship, this article analyzes macro-level determinants of national rates of formal versus informal entrepreneurship. Our evaluation of the factors identified in this theory reveals a set of empirically-testable, higher-order determinants: economic...