Gherhes, C, Vorley, T and Williams, N (2018) Entrepreneurship and local economic resilience: The impact of institutional hysteresis in peripheral places. Small Business Economics, 51 (3). pp. 577-590. ISSN 0921-898X
Abstract
This article examines how the legacies of the past in peripheral post-industrial places serve to shape current and future entrepreneurial activity, and with it local economic resilience. Drawing on in-depth qualitative interviews with key regional stakeholders, the article reveals how peripheral post-industrial places are constrained by their histories. This is found to be manifest in different ways, such as low aspirations, generational unemployment and a loss of identity which are in turn compounded by negative perceptions of place and opportunity. These issues culminate in institutional hysteresis at the local level and constrain entrepreneurial ambition. The article argues that the rigidity and reproduction of informal institutions continues to stymie economic resilience and growth. We conclude by reflecting on the implications for entrepreneurship in peripheral post-industrial places as well as with recommendations for policy.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © The Author(s) 2017. Open Access. This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. |
Keywords: | Entrepreneurship; Post-industrial places; Periphery; Resilience |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 20 Sep 2017 15:25 |
Last Modified: | 23 Jun 2023 22:35 |
Status: | Published |
Publisher: | Springer Verlag |
Identification Number: | 10.1007/s11187-017-9946-7 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:121427 |
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