Econlit: A10; A13; E32. [en] Economic crisis and social economy

The economic recession of 2008 deeply impacted numerous sectors in the Spanish economy. Although this crisis was sparked by the housing bubble followed by the demise of a large part of now defunct savings banks, it spread throughout the entire economy leaving a trail of business closures and massive...

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Autor principal: Manuel Jaén García
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Publicado: AECOOP Escuela de Estudios Cooperativos 2018
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spelling oai:doaj.org-article:98bb1212fc21478a8bc866d27c25b5bb2021-11-12T13:14:36ZEconlit: A10; A13; E32. [en] Economic crisis and social economy1135-66181885-803110.5209/REVE.58394https://doaj.org/article/98bb1212fc21478a8bc866d27c25b5bb2018-01-01T00:00:00Zhttp://revistas.ucm.es/index.php/REVE/article/view/58394https://doaj.org/toc/1135-6618https://doaj.org/toc/1885-8031The economic recession of 2008 deeply impacted numerous sectors in the Spanish economy. Although this crisis was sparked by the housing bubble followed by the demise of a large part of now defunct savings banks, it spread throughout the entire economy leaving a trail of business closures and massive unemployment. In addition, after having bailed out the banks during the recession, the public sector was left with an enormous hole in public finances and an interest rate differential on debt payments (the so-called risk premium) that surpassed 500 basis points with respect to German debt. Intervention by the European Central Bank (ECB), which consisted of a massive purchase of sovereign debt, allowed the country, in part, to overcome this situation and foster a growing economy in recent years (2014 onwards). The present work is set within this context and studies the behavior of social enterprises during the crisis period in comparison with the economy in general. With this aim, the most common indicators are utilized and the two sectors are compared: the general business sector and the social enterprise sector in particular.Manuel Jaén GarcíaAECOOP Escuela de Estudios CooperativosarticleEconomía socialCrisis económicaValor añadido brutoBeneficiosEmpleo.Economics as a scienceHB71-74ENESRevista de Estudios Cooperativos, Vol 126, Iss 0, Pp 74-93 (2018)
institution DOAJ
collection DOAJ
language EN
ES
topic Economía social
Crisis económica
Valor añadido bruto
Beneficios
Empleo.
Economics as a science
HB71-74
spellingShingle Economía social
Crisis económica
Valor añadido bruto
Beneficios
Empleo.
Economics as a science
HB71-74
Manuel Jaén García
Econlit: A10; A13; E32. [en] Economic crisis and social economy
description The economic recession of 2008 deeply impacted numerous sectors in the Spanish economy. Although this crisis was sparked by the housing bubble followed by the demise of a large part of now defunct savings banks, it spread throughout the entire economy leaving a trail of business closures and massive unemployment. In addition, after having bailed out the banks during the recession, the public sector was left with an enormous hole in public finances and an interest rate differential on debt payments (the so-called risk premium) that surpassed 500 basis points with respect to German debt. Intervention by the European Central Bank (ECB), which consisted of a massive purchase of sovereign debt, allowed the country, in part, to overcome this situation and foster a growing economy in recent years (2014 onwards). The present work is set within this context and studies the behavior of social enterprises during the crisis period in comparison with the economy in general. With this aim, the most common indicators are utilized and the two sectors are compared: the general business sector and the social enterprise sector in particular.
format article
author Manuel Jaén García
author_facet Manuel Jaén García
author_sort Manuel Jaén García
title Econlit: A10; A13; E32. [en] Economic crisis and social economy
title_short Econlit: A10; A13; E32. [en] Economic crisis and social economy
title_full Econlit: A10; A13; E32. [en] Economic crisis and social economy
title_fullStr Econlit: A10; A13; E32. [en] Economic crisis and social economy
title_full_unstemmed Econlit: A10; A13; E32. [en] Economic crisis and social economy
title_sort econlit: a10; a13; e32. [en] economic crisis and social economy
publisher AECOOP Escuela de Estudios Cooperativos
publishDate 2018
url https://doaj.org/article/98bb1212fc21478a8bc866d27c25b5bb
work_keys_str_mv AT manueljaengarcia econlita10a13e32eneconomiccrisisandsocialeconomy
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