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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/4648

Title: Social capital and economic performance : trust and distrust in eighteenth-century gold shipments from Brazil
Authors: Costa, Leonor Freire
Rocha, Maria Manuela
Araujo, Tanya
Issue Date: 2012
Publisher: ISEG - Departamento de Economia
Citation: Costa, Leonor Freire, Maria Manuela Rocha e Tanya Araújo. 2012. "Social capital and economic performance : trust and distrust in eighteenth-century gold shipments from Brazil". Instituto Superior de Economia e Gestão - DE working papers nº 27/2012/DE/UECE/GHES.
Series/Report no.: DE working papers;nº 27/2012/DE/UECE/GHES
Abstract: This article discusses agency problems in a period of market boom. It takes portuguese trade with Brazil as a case study to discuss the impact of colonial market expansion on social capital. The hypothesis is that social capital depletion prompted an uneven distribution of information and a limited access to honest individuals, who might afford a premium to certain forms of agency. Given the states' inability to provide legal sanctioning in colonial regions, this article focuses on private-order mechanisms which were effective for selecting reputable individuals. The exploration of network analysis identifies the mechanism that responds to such an adverse environment and supports the argument that business organizations which counted on the geographical mobility of agents had comparative advantages. The approach followed in this article brings new insights on informal institutional arrangements and on itinerancy in contexts of low levels of social capital.
URI: http://hdl.handle.net/10400.5/4648
ISSN: 0874-4548
Publisher version: https://aquila.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=289337&contentContextPath_PATH=/departamentos/ec/lateral/menu-working-papers/nova-serie/2012&_request_checksum_=63bbf0ce8aae5db442e0a3d54b97033622424f58
Appears in Collections:GHES - Documentos de Trabalho / GHES - Working papers
UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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