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The Neo-Schumpeterian Model of Economic Development in the Basque Country: The role of Social Economy

Author

Listed:
  • Baleren Bakaikoa Azurmendi

    () (GEZKI - Institute of Cooperative Law and Social Economy. University of the Basque Country)

  • Amaia Agirre Aramburu

    () (Mondragon University)

  • Anjel Errasti Amozarrain

    () (GEZKI - Institute of Cooperative Law and Social Economy. University of the Basque Country)

Abstract

In this paper we analyse the neo-schumpterian model of economic development applied to the economy of the Basque Country during the last few years and the three pillars that account for the development of a region following this model are rooted in the Basque economy in which there are company organizations that promote competition, financial institutions prepared to run risks and public authorities geared towards modernising and boosting the economy by means of tax incentives and other types of aid. However, we firmly believe that, apart from the three pillars established by the neo-schumpterians, another two should be added to this model: innovation and worker participation both in capital and profits and in management. Worker participation in enterprise is another factor which accounts for economic development in the Basque Country. In short, the cooperatives are a model of the integration of innovative and participative culture and commercial companies could apply certain elements of these cooperatives with a view to becoming more dynamic and more social.

Suggested Citation

  • Baleren Bakaikoa Azurmendi & Amaia Agirre Aramburu & Anjel Errasti Amozarrain, 2008. "The Neo-Schumpeterian Model of Economic Development in the Basque Country: The role of Social Economy," CIRIEC-España, revista de economía pública, social y cooperativa, CIRIEC-España, issue 62, pages 121-145, October.
  • Handle: RePEc:cic:revcir:y:2008:i:62:p:121-145
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    More about this item

    Keywords

    Cooperatives; innovation; management; neo-schumperian model; participation.;

    JEL classification:

    • P13 - Economic Systems - - Capitalist Systems - - - Cooperative Enterprises
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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