Skip to main content
Article thumbnail
Location of Repository

Medieval Universities, Legal Institutions, and the Commercial Revolution

By Davide Cantoni, Noam Yuchtman and Regina Baar-cantoni


Europe experienced a “Commercial Revolution ” in the late Middle Ages. We present new data that document this transformation using information on city incorporation and market establishment. We then test whether universities played a causal role in expanding economic activity, examining the consequences of their exogenous establishment in Germany following the Papal Schism in 1378. We find that the trend rate of market establishment breaks upward just when the first German university was established; this break is greatest where the distance to a university shrank most. We argue that the link between universities and greater economic activity involved the development of formal legal and administrative institutions

Year: 2010
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.