Projetos GHES

Coordination: José Antonio Pereirinha
Team: Ana Campos, José António Pereirinha, Maria Manuela Rocha, Miguel Glatzer
Financing: Science and Technology Foundation (OE/HIS/UI0431/2011)
schedule: 2009 – 20..

Summary: The main objective of this research project is to identify the evolution of the ideas and doctrines that framed the social policy of the Portuguese Estado Novo regime, particularly in terms of Social Security. A second objective is to study the models that validate legal initiatives in this field, recognizing international influences.

Results:
Rocha, Maria Manuela, “1st Republic and Social Policy: International context and model of Compulsory Social Insurance in Portugal” in Álvaro Garrido, Leonor Freire Costa and Luís Miguel Duarte (org.), Studies in Homage to Joaquim Romero Magalhães, Economy, Institutions and Império, Coimbra, Almedina, 2012, pp. 461-475.

Campos, Ana; Rocha, Maria Manuela, “Corporativism and social assistance: nature and production of the Social Assistance Statute”, Ler História, 64, 2013, pp. 11-29.

Campos, Ana, “Medical care and social inequality in the Estado Novo”, Revista Estudos Século XX, University of Coimbra, 2013, pp. 355-370.

Preparation of a PhD dissertation: Health policy in the Estado Novo: medical assistance within the scope of Social Security (1933-1968), Ana Maria Ferreira Campos (supervisor: Maria Manuela Rocha)

Coordinator : Nuno Valerio
Team : Nuno Valério, Palmira Tjipilica
Financing: FCT (Pluriannual Project)
schedule : 2008-20.

Summary : The objective of the project is to study the legal stratification of the inhabitants of the Portuguese colonial empire after the abolition of slavery, examining its consequences in terms of discrimination and efforts to assimilate indigenous peoples and comparing them with similar situations in other colonial territories and other overseas extensions of the Europe.

Results: Nuno Valério ; Palmira Tjipilica, “Economic activity in the Portuguese Colonial Empire: a factor analysis approach”, Économies et Sociétés, Série Histoire économique quantitative, AF, nº 39, 9/2008, pg 1765-1808.

Coordination: Carlos Bastien
Team: Ana Bela Nunes, Carlos Bastien
Financing: Science and Technology Foundation (OE/HIS/UI0431/2011)
schedule: 2011- (...)

Summary: Provide an overview of the evolution of the field of economic knowledge, at a philosophical, scientific and common sense level, in Portugal during the 19th and 20th centuries.

Results:

Bastien, Carlos (2008), “From honro economicus to honro corporativus: A neglected critique of neoclassical economics”, in The Journal of Socio-Economics, vol 36(1): 118-127.

Bastien, Carlos (2008), “António Oliveira Marreca: an economist in parliament”, Economic Notes nº 27, pp.6-22 (co-authored).

Bastien, Charles; Cardoso, José Luís (2009), “Uses and abuses of political economy in Portuguese parliamentary debates (1850-1910)”, History of Economic Ideas No. 17(3).

Bastien, Carlos (2009), “Marxism and political economy: the Caraça case”, Economic Notes, No. 30.

Nunes, Ana Bela (2009), “Tomás Cabreira: A political economist in a country of «failed finances»”, Economic Notes, No. 29.

Bastien, Carlos (2010), “Bento de Jesus Caraça Economist” in Unpublished Mathematical Economics, Lisbon, Gradiva.

Carlos Bastien (2011), “The reception of mathematical economics in Portugal – from Severim de Azevedo to Bento Caraça”, Bulletin of the Portuguese Mathematical Society, special number.

Coordinator: Nuno Valerio
Team: Nuno Valério, Rita Martins de Sousa Ana Bela Nunes, Carlos Bastien, Rita Martins de Sousa and Sandra Domingos Costa,
Financing: FCT (Multiannual Programme) and Banco de Portugal
schedule: 2003-2011

Results:

Valério, Nuno (coord.), Ana Bela Nunes, Carlos Bastien, Rita Martins de Sousa, Sandra Domingos Costa (2008), History of the Portuguese banking system (1822-1931), Volume I, Lisbon, Banco de Portugal

(English version: History of the Portuguese banking system (1822-1931), volume 1, Lisbon, Banco de Portugal).

Link

Valério, Nuno (coord.), Ana Bela Nunes, Carlos Bastien, Rita Martins de Sousa, Sandra Domingos Costa (2010), History of the Portuguese banking system. From the assumption by Banco de Portugal of the functions of Central Bank to the European Monetary Union, (1831-1998), Volume II, Lisbon, Bank of Portugal.

(English version, History of the Portuguese banking system, volume II, Lisbon, Bank of Portugal).

http://ferin.pt/historia-do-sistema-bancario-portugu-s.html

Coordination: José Antonio Pereirinha
Team: José António Pereirinha, Francisco José Duarte Nunes, Dália Maria de Sousa Gonçalves da Costa, Maria Inês Martinho Antunes Amaro, Francisco José do Nascimento Branco, Elvira, Sofia Leite de Freitas Pereira
Financing: Science and Technology Foundation (PTDC/CS-SOC/123093/2010)
schedule: 2010 – 20…

Summary: “Income adequacy”, understood as the value of resources considered sufficient to achieve a decent standard of living, has become a central concept in the European social policy debate. This project brings this subject to the heart of the Portuguese University and, due to its scientific approach, intends to contribute to enriching its debate in Portuguese society.

Results: http://www.rendimentoadequado.org.pt/

Coordinator: Nuno Valério
Team: Ana Bela Nunes, Nuno Valério
Financing: Science and Technology Foundation (OE/HIS/UI0431/2011)
schedule: 2008 - 20...

Summary: Based on the data available from the collection of historical Portuguese statistics prepared within the GHES and published by INE in 2001, and on data published during the first decade of the 21st century, the project aims to build retrospective national accounts for the Portuguese economy for the 19th and 20th centuries at the aggregate level, and broken down by type of expenditure, sector, and type of income.

Results:
Valério, Nuno (2008), "Avaliação do produto interno bruto de Portugal. I - Macroeconomic approach", GHES - ISEG, Working Paper no. 34.

CoordinatorLeonor Freire Costa
Team: Leonor Freire Costa, Maria Manuela Rocha, Paulo Brito
Funding: Science and Technology Foundation (EXPL/EPH-HIS/1742/2012)
schedule: 2012- 20..

Summary: The eighteenth-century Portuguese economy is observed in this project as being embedded in international flows of precious metals. The topic is Brazil's gold and the private credit market. It is questioned whether there was an aggregate effect of the gold money supply in the economy through the credit market. Credit can be expected to respond to the money supply. From the analysis performed on the evolution of interest rates it will be possible to learn a lot about the impacts of Brazil gold on the performance of the Portuguese economy.

Results:
Money Supply and Credit Markets in Pre-Modern Economies: the case of eighteenth-century Lisbon, GHES Working Paper Series, nº52 .
Leonor Freire Costa, Maria Manuela Rocha and Paulo B. Brito, The alchemy of gold: interest rates, money stock and credit in eighteenth-century Lisbon," The Economic History Review, 71, 4 (2018), pp. 1147-1172.

Leonor Freire Costa, Maria Manuela Rocha, and Paulo B. Brito , "The Impacts of the 1755 Earthquake on the Lisbon Credit Market," Ler História, n. 72, 2018, pp. 77-102.

Coordinator : Manuela Rocha
Team: Leonor Freire Costa, Maria Manuela Rocha, Rita Martins de Sousa
Financing: Science and Technology Foundation FCT/POCI/2010
schedule: 2006-2010

SummaryThis research project analyzed the gold flows from Brazil between 1700 and 1807, exhaustively exploring the document nucleus called Livros de Manifestos do 1%, deposited in the Historical Archives of the Mint of Lisbon. It identified the quantities of gold that arrived in Lisbon legally transported in the fleets from Brazil, its composition (coin, bar and powder) and the agents that received it (State and private individuals). He analyzed the population involved in the gold flows and ascertained the sociology of those involved in the transatlantic traffic and the characteristics of the mercantile organizations that supported it.

Results: The conviction that the information collected is of interest to a wide audience of historians has invited us to disseminate the databases built ( O Ouro do Brasil).

COSTA, Leonor Freire; ROCHA, Maria Manuela; SOUSA, Rita Martins de, O ouro do Brasil, 1700-1807, Lisbon, Imprensa Nacional - Casa da Moeda, 2013.

https://incm.pt/portal/loja_detalhe.jsp?codigo=102385

COSTA, Leonor Freire; ROCHA, Maria Manuela; SOUSA, Rita Martins de, "A circulação do ouro do Brasil: o direito do 1%", Working Paper nº 21 , 2002, Lisbon, ISEG / GHES.

COSTA, Leonor Freire and ROCHA, Maria Manuela, "Remessas do ouro brasileiro: mercantile organization and agency problems in the mid-eighteenth century", Análise Social, vol. XLII (182), 2007, pp. 77-98.

COSTA, Leonor Freire e ROCHA, Maria Manuela, "Nas margens do contrabando: estrangeiros e Comissários volantes no século XVIII em Portugal", in Jorge Braga de Macedo et al. (org.), Nove Ensaios na Tradição de Jorge Borges de Macedo, Lisbon, Tribuna da História, 2009, pp. 55-82.

COSTA, Leonor Freire; ROCHA, Maria Manuela; SOUSA, Rita Martins de, "Brazilian gold in the eighteenth century: a reassessment", Working Paper nº 42 , 2010, Lisbon, ISEG / GHES.

COSTA, Leonor Freire and ROCHA, Maria Manuela, "Merchant networks and Brazilian gold: reappraising colonial monopolies" in Nikolaus Bottcher , et. al., (coords.), Redes y Negocios Globales en el Mundo Ibérico, Siglos XVI-XVIII, Instituto Ibero-Americano de Berlin y el Colegio de México, 2011, pp. 143-169.

COSTA, Leonor Freire, ROCHA, Maria Manuela, ARAÚJO, Tanya, "Capital and economic performance: trust and distrust in eighteenth century gold shipments from Brazil", European Review of Economic History, 15, 2011, pp. 1-27.

SOUSA, Rita Martins de, "Remessas de ouro: para uma reapreciação da década de 1760", in Jorge Braga de Macedo et al. (org.), Nove Ensaios na Tradição de Jorge Borges de Macedo, Lisbon, Tribuna da História, 2009, Lisbon, Editora Tribuna.

SOUSA, Rita Martins de, "Brazilian gold and the Lisbon Mint House (1720-1807)", e-JPH, vol. 6, nº 1, 2008, p. 1-22.

SOUSA, Rita Martins de, "War and Brazilian gold (1720-1807)", in Angelo Alves Carrara, Ernest Sánchez Santiró (Coordinators), Guerra y fiscalidad en la Iberoamérica colonial (siglos XVII-XVIII), Editoras, Instituto Mora, Mexico and UFJF, 2012, pp. 335-350.

CoordinationRita Martins de Sousa
Team: Amélia Branco, Pedro Neves, Rita Martins de Sousa
Financing: Science and Technology Foundation (OE/HIS/UI0431/2011)
schedule: 2009 – 20..

Summary: Capital markets have assumed increasing importance in the financing process of central and peripheral economies, beginning in the nineteenth century. The study of the development and behavior of these markets has become a relevant field of research in Economic and Business History. However, the Portuguese case remains understudied. The main objective of this project is to study the Portuguese stock market and its role in economic growth between 1837 and 1913. Based on the lists of stocks and bonds listed on the Lisbon Stock Exchange, it is intended to profile the market taking into account the companies that were there seeking financing. This profile will include the size of the market and the sectoral distribution of listed companies, in number and paid-in capital. The second objective of this project is to build a stock market index that will allow international comparisons.

Researcher: Amelia Branco
Funding: Foundation for Science and Technology, 
Projects: UID/SOC/04521/2013, UID/SOC/04521/2019, UIDB/04521/2020

Summary: From the perspective of economic and business history, there are several research issues that should be considered in the study of the forestry sector. First of all, and given the export vocation of the sector, the evolutionary analysis of the structure and significance of exports in the context of Portuguese foreign trade. Identifying the main conjunctures and their explanatory factors emerge as objectives. With regard to the companies linked to the industry, the business structure is very diverse. What are the consequences of this structure for business strategies of internationalization and diversification of the industry is another question to be investigated. In what concerns raw materials, the analysis of forest and market policies, as well as the consequences in terms of competitiveness of the industry, are fundamental issues. Finally, the options regarding the location of production units is another topic to be explored, questioning to what extent these are significant variables in explaining the competitiveness of the industry. All these questions gain another dimension when compared with the case of Spain, which competes internationally in this productive specialization.

Coordinator: Pedro Neves
Team: Leonor Freire Costa, Tomás de Albuquerque
Funding: Fundação para a Ciência e Tecnologia,  Projectos: UID/SOC/04521/2013, UID/SOC/04521/2019, UIDB/04521/2020
Calendar: 2017-2021

Summary: Joint stock companies have been a business solution of European powers since the 17th century. A wide historiography looks at the potential of this business form for the promotion of capital markets and financial development in the Netherlands or Britain. This research project recognizes that similar experiences in southern Europe with limited liability companies have not caught the attention of scholars. There is little information about how capital markets worked in economies with apparently lower levels of savings and liquidity. Is it possible to find evidence of bubbles in these markets? Were there noticeable differences between investors in their portfolio management decisions?

This project fills this gap by considering the cases of two colonial companies founded in the 18th century for trade with the northeastern and northern regions of Brazil (Companhia do Grão Pará e Maranhão; Companhia de Pernambuco e Paraíba), for which the transferability of shares is fully recorded in the account books.

Studies the stock market of these companies. It questions the ownership structures, the liquidity of the shares and presents the hypothesis that the finite time perspective of the companies' contract with the Portuguese state and/or the changes in the nautical communications regime with Brazil had an impact on the functioning of the market.

Results:

EconPapers: The Changing Shareholding Structure of Pombaline Colonial Companies: Impacts of the Secondary Securities Market in 18th Century Portugal (repec.org)- GHES WP

Coordination : Leonor Freire Costa
Team: António Castro Henriques; Bruno Lopes; Susana Munch Miranda, Lisbeth Rodrigues
Funding: Foundation for Science and Technology (PTDC/ HAR-HIS/28809/2017)
Calendar: October 1, 2018; April 30, 2022

Summary: This research comprises a complete collection of documentation on consolidated debt (interest patterns). The complete series effectively starts in 1640 and 1797, but comprises comprehensive data on debt between 1500 and 1554. It will allow the construction of complete series on debt volume, effective interest rates, fiscal inflows that serviced the consolidated debt, and the sociology of creditors. It aims at a comparative evaluation of the indebtedness of the Portuguese crown with other European cases. Portugal emerges in the international literature as an exemplary case of low-risk public credit during the absolutist monarchy. The foundations of this assertion are lacking and can only be verified with this research.

Website: http://debt.pt