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El sector financiero en el País Vasco. ¿Hay espacio para un cluster financiero regional?

Author

Listed:
  • Mikel Larreina Díaz

    (Universidad de Deusto)

  • Fernando Gómez-Bezares Pascual

    (Universidad de Deusto)

Abstract

Financial services have been a key factor for economic development within the Basque region since the mid XIX century. Since the 80`s the financial services industry has experienced a major transformation, in which now there are few financial players who have concentrated their finance activities and provide these services worldwide. In this context, is it still possible for a peripheral region to develop a financial cluster? Can the Basque Country hold a role in the European financial landscape? This paper provides a thorough survey of these questions. The Scottish case is studied as being a possible model for future Basque financial sector evolution, the analysis gives an encouraging answer.

Suggested Citation

  • Mikel Larreina Díaz & Fernando Gómez-Bezares Pascual, 2007. "El sector financiero en el País Vasco. ¿Hay espacio para un cluster financiero regional?," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 66(03), pages 52-81.
    • Handle: RePEc:ekz:ekonoz:2007303
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    More about this item

    Keywords

    financial centers; financial cluster; Input-Output; regional economy;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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