Industrial Concentration and the Capital Markets: A Comparative Study of Brazil, Mexico, and the United States, 1830–1930
Abstract
This article examines the relationship between capital market development and industrial structure during the early stages of industrialization, contrasting the experiences of Brazil, Mexico, and the United States. It argues that constraints placed on the formation of credit intermediaries in Latin America by poorly defined property rights and government regulatory policies produced greater concentration in the Mexican and Brazilian cotton textile industries than that which developed in the United States.
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- Authors
- Haber, S. H.
- Affiliations
- Stanford University (US)
- Corresponding author
- Haber, Stephen H.
- Venue
- The Journal of Economic History
- Publisher
- Cambridge University Press (CUP)
- Published
- 1991-09
- Volume
- 51
- Issue
- 3
- Pages
- 559-580
- ISSN
- 0022-0507 (ISSN-L)
- 1471-6372
- OpenAlex
- W2131725218
- Cited by
- 183
- References
- 0
- Citations by year
- 2026: 1 · 2025: 7 · 2024: 6 · 2023: 6 · 2022: 1 · 2021: 7 · 2020: 4 · 2019: 6 · 2018: 10 · 2017: 7 · 2016: 5 · 2015: 12 · 2014: 5 · 2013: 3 · 2012: 6
- FWCI
- 3.89
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- The Journal of Economic History (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Historical Economic and Social Studies
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Italy: Economic History and Contemporary Issues
- Keywords
- market concentration, capital markets, industrial structure, early industrialization, credit intermediaries, property rights, government regulation, cotton textile industry, Brazil, Mexico, United States, comparative economic history
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