Advanced Search
MyIDEAS: Login to save this paper or follow this series

Medieval Universities, Legal Institutions, and the Commercial Revolution

Contents:

Author Info

  • Davide Cantoni
  • Noam Yuchtman

Abstract

We present new data documenting medieval Europe’s “Commercial Revolution” using information on the establishment of markets in Germany. We use these data to test whether medieval universities played a causal role in expanding economic activity, examining the foundation of Germany’s first universities after 1386 following the Papal Schism. We find that the trend rate of market establishment breaks upward in 1386 and that this break is greatest where the distance to a university shrank most. There is no differential pre-1386 trend associated with the reduction in distance to a university, and there is no break in trend in 1386 where university proximity did not change. These results are robust to estimating a variety of specifications that address concerns about the endogeneity of university location. Universities provided training in newly-rediscovered Roman and canon law; students with legal training served in positions that reduced the uncertainty of trade in the Middle Ages. We argue that training in the law, and the consequent development of legal and administrative institutions, was an important channel linking universities and greater economic activity in medieval Germany.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/WP/WP-CESifo_Working_Papers/wp-cesifo-2013/wp-cesifo-2013-10/cesifo1_wp4452.pdf
Download Restriction: no

Bibliographic Info

Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 4452.

as in new window
Length:
Date of creation: 2013
Date of revision:
Handle: RePEc:ces:ceswps:_4452

Contact details of provider:
Postal: Poschingerstrasse 5, 81679 Munich
Phone: +49 (89) 9224-0
Fax: +49 (89) 985369
Email:
Web page: http://www.cesifo.de
More information through EDIRC

Related research

Keywords: human capital; historical development; legal institutions;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Timothy Besley & Torsten Persson, 2007. "The Origins of State Capacity: Property Rights, Taxation, and Politics," NBER Working Papers 13028, National Bureau of Economic Research, Inc.
  2. De Long, J Bradford & Shleifer, Andrei, 1993. "Princes and Merchants: European City Growth before the Industrial Revolution," Journal of Law and Economics, University of Chicago Press, University of Chicago Press, vol. 36(2), pages 671-702, October.
  3. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2008. "Long Term Persistence," Economics Working Papers, European University Institute ECO2008/30, European University Institute.
  4. Nico Voigtländer & Hans-Joachim Voth, 2012. "Persecution Perpetuated: The Medieval Origins of Anti-Semitic Violence in Nazi Germany," The Quarterly Journal of Economics, Oxford University Press, vol. 127(3), pages 1339-1392.
  5. Acemoglu, Daron & Cantoni, Davide & Johnson, Simon & Robinson, James A, 2009. "The Consequences of Radical Reform: The French Revolution," CEPR Discussion Papers, C.E.P.R. Discussion Papers 7245, C.E.P.R. Discussion Papers.
  6. Cantoni, Davide & Yuchtman, Noam, 2013. "The political economy of educational content and development: Lessons from history," Journal of Development Economics, Elsevier, Elsevier, vol. 104(C), pages 233-244.
  7. Bosker, Maarten & Buringh, Eltjo & van Zanden, Jan Luiten, 2008. "From Baghdad to London: The Dynamics of Urban Growth in Europe and the Arab World, 800-1800," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6833, C.E.P.R. Discussion Papers.
  8. Buringh, Eltjo & Van Zanden, Jan Luiten, 2009. "Charting the “Rise of the West”: Manuscripts and Printed Books in Europe, A Long-Term Perspective from the Sixth through Eighteenth Centuries," The Journal of Economic History, Cambridge University Press, Cambridge University Press, vol. 69(02), pages 409-445, June.
  9. Greif, Avner, 1989. "Reputation and Coalitions in Medieval Trade: Evidence on the Maghribi Traders," The Journal of Economic History, Cambridge University Press, Cambridge University Press, vol. 49(04), pages 857-882, December.
  10. Gregory Clark, 2007. "Introduction to A Farewell to Alms: A Brief Economic History of the World
    [A Farewell to Alms: A Brief Economic History of the World]
    ," Introductory Chapters, Princeton University Press, Princeton University Press.
  11. Börner, Lars & Quint, Daniel, 2010. "Medieval matching markets," Discussion Papers 2010/31, Free University Berlin, School of Business & Economics.
Full references (including those not matched with items on IDEAS)

Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. How did the antipope affect the distance to school?
    by Chris Colvin in NEP-HIS blog on 2012-04-24 19:19:42
  2. Universities as catalysts of the commercial revolution in the Middle Ages
    by Economic Logician in Economic Logic on 2012-05-02 14:23:00
  3. Universities are useful after all
    by noreply@blogger.com (Paul Walker) in Anti-Dismal on 2012-05-03 04:32:00
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Rubin, Jared, 2011. "Printing and Protestants: reforming the economics of the Reformation," MPRA Paper 31267, University Library of Munich, Germany.
  2. repec:mod:depeco:0007 is not listed on IDEAS
  3. Graziella Bertocchi & Monica Bozzano, 2012. "Women, Medieval Commerce, and the Education Gender Gap," CHILD Working Papers Series, Centre for Household, Income, Labour and Demographic Economics (CHILD) - CCA 10, Centre for Household, Income, Labour and Demographic Economics (CHILD) - CCA.
  4. Johannes C. Buggle, 2013. "Law and Social Capital: Evidence from the Code Napoleon in Germany," SOEPpapers on Multidisciplinary Panel Data Research 566, DIW Berlin, The German Socio-Economic Panel (SOEP).
  5. Marco Percoco, 2013. "Geography, institutions and urban development: Italian cities, 1300–1861," The Annals of Regional Science, Springer, Springer, vol. 50(1), pages 135-152, February.
  6. Cantoni, Davide & Yuchtman, Noam, 2013. "The political economy of educational content and development: Lessons from history," Journal of Development Economics, Elsevier, Elsevier, vol. 104(C), pages 233-244.
  7. Wahl, Fabian, 2013. "Does medieval trade still matter? Historical trade centers, agglomeration and contemporary economic development," FZID Discussion Papers, University of Hohenheim, Center for Research on Innovation and Services (FZID) 82-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).
  8. James Fenske & Namrata Kala, 2014. "1807: Economic shocks, conflict and the slave trade," CSAE Working Paper Series 2014-02, Centre for the Study of African Economies, University of Oxford.
  9. Börner, Lars & Quint, Daniel, 2010. "Medieval matching markets," Discussion Papers 2010/31, Free University Berlin, School of Business & Economics.
  10. Mark Dincecco & Massimiliano Gaetano Onorato, 2013. "Military Conflict and the Economic Rise of Urban Europe," Working Papers, IMT Institute for Advanced Studies Lucca 7/2013, IMT Institute for Advanced Studies Lucca, revised Nov 2013.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_4452. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julio Saavedra).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.