Measuring the Economic Value of Cooperatives, Mutual Societies and Companies with social purposes in Belgium: A Satellite Account approach

Fabienne Fecher () and Wafa Ben Sedrine-Lejeune ()
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Fabienne Fecher: University of Liège, Belgium
Wafa Ben Sedrine-Lejeune: University of Liège, Belgium

No 1311, CIRIEC Working Papers from CIRIEC - Université de Liège

Abstract: The present paper summarizes a Belgian report, SATACBEL, (Ben Sedrine et al., 2011) on the establishment of keys indicators for satellite accounts in Belgium covering cooperatives and mutual societies for the year 2007. Several macroeconomic aggregates are assessed and examined with regard to the place that cooperatives and mutual companies occupy within the Belgian economy. To achieve this goal a close cooperation was necessary with the Belgian National Accounts Institute (NAI) within the Belgian National Bank (BNB). Thanks to this work, political decision-makers and interested parties have at their disposal strict methods and primary information and indicators allowing evaluation of this particular field of the social economy sector. Because the national contexts and realities behind cooperatives and mutual societies are very different from a country to the other, the results obtained should be compared internationally with caution.

Keywords: national accounting; satellite accounts; mutuals; cooperatives. (search for similar items in EconPapers)
Date: 2013-11
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Persistent link: https://EconPapers.repec.org/RePEc:crc:wpaper:1311

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