Social Networks and Elite Entrepreneurship in Latin America: Evidence from the Industrialization of Antioquia

• 成果类型: Article
• 署名作者: Stanford University
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050724000378
• 发表日期: 2024
• 页码: 1067-1106
• 关键词: performance; partnership; TRADE

摘要

Elites were pivotal for Latin America's modernization, yet granular evidence of their industrial entrepreneurship is limited. I study Antioquia, an early center of industrialization, from the late nineteenth to early twentieth centuries. Analyzing elite interactions via newfound archival data and exploiting unexpected deaths as exogenous shocks, I find global connectivity-not local-drove industrial entrepreneurship. This suggests diverse resources unavailable in markets but accessible through global connections were crucial in forming industrial ventures. Thus, this paper depicts how social capital shapes elite outcomes.