What were the results? For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Michael Peters Economics Department, . Affiliation: Yale. Michael Peters | Yale Economic Growth Center Home People Michael Peters Faculty Associate Professor of Economics Contact P. 203-436-8475 E. m.peters@yale.edu Expertise Development Economics, International Trade, Macroeconomics Website Download C.V. Some immigration is low-skilled, some immigration is high-skilled. "Financial Accounting, 10th Edition, by Jamie Pratt and Michael Peters, provides students with a clear understanding of financial accounting by framing accounting processes in the context of. Verified email at columbia.edu - Homepage. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. hbbd``b`*@q`$3DY $,> L@)"3` 2 At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Before joining Yale University, he held a position at the London School of Economics. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Michael Peters Economics, Biology 2014 TLDR This paper provides a set of mechanisms that have the property that every outcome that can be supported as a Bayesian equilibrium in a competing mechanism game can be support as an equilibrium in reciprocal mechanisms. Most demographers expect the global population to decline starting by around 2065. Using variation across counties, I show that the settlement of refugees had large and persistent effects on the size of the local popula- tion, manufacturing employment, and income per capita. He received his PhD from the Massachusetts Institute of Technology (MIT) and held an Assistant Professor position at the London School of Economics before joining Yale. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, Heterogeneous Markups, Growth, and Endogenous Misallocation. The US is clearly the prime example of a country that was able to attract high-skilled migrants for a good part of the last 150 years. See all articles by Michael Peters Michael Peters. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Macroeconomics Development Economics Growth. J. Blaum, Claire Lelarge, Michael Peters Published 1 December 2016 Economics ERN: Microeconometric Models of Firm Behavior in Open Economies (Topic) Firms differ substantially in their participation in foreign input markets. target no need to return item. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. I would love to see more quantitative work on the consequences of migration that takes such differences into account. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Office Address 87 Trumbull Street, Room B221 CV Website Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). The first months where very discouraging because so little data seemed to have survived. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. J Blaum, C Lelarge, M Peters. Tuntex Professor of International and Development Economics, Yale University - Cited by 19,147 - Macroeconomic Development - Economic Growth and Development - China's Economic Development - Family Economics - Macroeconomics . At the end of the Second World War, the governments of the United States, the United Kingdom, and Russia expelled millions of ethnic Germans from Eastern Europe and transferred them to West Germany and the Soviet Occupied Zone. The system can't perform the operation now. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. The Bulletin on Retirement and Disability, Productivity, Innovation, and Entrepreneurship, Boosting Grant Applications from Faculty at MSIs, Conference on Research in Income and Wealth, Early Indicators of Later Work Levels, Disease and Death, Improving Health Outcomes for an Aging Population, Measuring the Clinical and Economic Outcomes Associated with Delivery Systems, Retirement and Disability Research Center, The Roybal Center for Behavior Change in Health, Training Program in Aging and Health Economics, Transportation Economics in the 21st Century. By building a solid foundation in the mechanics of preparing and analyzing financial statements, performance measurement (Return on Equity), and decision-making with the help of data analytics, Financial Accounting, 11th Edition helps students better prepare to be effective and successful business professionals. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Journal of Urban Economics, Volume 120, July 2022, 103454. The Geography of Remote Work . Entrepreneurship, by Robert Hisrich, Michael Peters and Dean Shepherd has been designed to clearly instruct students on the process of formulating, planning, and implementing a new venture. Finally, he studied the process of structural change, both in the US in the past and for present-day India, emphasizing the consequences on inequality across both people and space. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. And they, luckily, had taken pictures of the old census publications, which I could digitize. American Economic Review. ", Halevy, Yoram & Peters, Michael, 2007. Yale University - Department of Economics; Yale University - Cowles Foundation. Being from Germany myself, one hears lots of stories about the WW2 expulsion. The following articles are merged in Scholar. If the link between productivity and population size is different in the service sector, these findings might have little to tell us about the likely effects of immigration today. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. I think there are so many related interesting and important questions to work on. ", Celik, Gorkem & Peters, Michael, 2011. But even within the US there are vast regional differences in the type of migrants that settle in different areas. ", Michael Peters & Sergei Severinov, 2008. To link different versions of the same work, where versions have a different title, use this form. Michael Peters, Yale - Department of Economics Michael Peters, Yale Home Michael Peters, Yale When September 18, 2017 4:00 pm -5:30 pm Where 613 Kern Michael Peters from Yale will present "Spatial Structural Change". Productive firms thus settle in productive. guided by a fundamental trade-off: Operating in productive locations increases output per worker, but sharing a labor market with other productive firms makes it hard to poach and retain workers. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Second, the refugees were allocated to rural areas and not to urban centers. Michael Peters - Contact Welcome to my website! Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Professors Peters new paper, published in Econometrica last month, explores a particular historical setting to provide direct evidence for the empirical relevance of these effects. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. This particular setting is, of course, close to my heart. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). Research. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Michael Peters Economics Department, Yale University Verified email at yale.edu Teresa Fort Associate Professor, Tuck School of Business at Dartmouth, NBER, CEPR Verified email at tuck.dartmouth.edu Peter K. Schott Juan Trippe Professor of Economics, Yale School of Management & NBER & CEPR Verified email at yale.edu Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. I am an Associate Professor in the Economics Department at Yale. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Yale. 37 (2), pages 281-306, November. degree in economics. Cited by. What are the policy implications, if any, of this research? This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 180 * 2021: Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. The ones marked, American Economic Journal: Macroeconomics 10 (4), 77-127, Journal of International Economics 120, 59-83, New articles related to this author's research, Research Assistant Professor of Economics, Boston University, Department of Economics, University of Chicago, Tuntex Professor of International and Development Economics, Yale University, Professor of Economics, London School of Economics, Professor of Economics, INSEAD, London School of Economics and College de France, Heterogeneous Markups, Growth, and Endogenous Misallocation, The gains from input trade with heterogeneous importers, Lack of selection and limits to delegation: firm dynamics in developing countries, Market size and spatial growth-evidence from germanys post-war population expulsions, Firm size, quality bias and import demand, A method to construct geographical crosswalks with an application to us counties since 1790, Growing Like India: The Unequal Effects of Service-Led Growth, Solutions manual for introduction to modern economic growth, European immigrants and the United States rise to the technological frontier, Creative Destruction, Distance to Frontier, and Economic Development, Sprouting Cities: How Rural America Industrialized, Discussion of The Matthew effectand market concentration: Search complementarities and monopsony power by Fernndez-Villaverde, Mandelman, Yu and Zanetti. 6 October, 2021 4:00 pm-6:00 pm. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. ", Celik, Gorkem & Peters, Michael, 2008. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. The large inflows led to persistent changes in the sectoral composition of the local economy. ", Peters, Michael & Severinov, Sergei, 2003. ", Peters, Michael & Severinov, Sergei, 1997. He has worked on theories of firm-dynamics, highlighting the role of markups for misallocation, the importance of managerial delegation for firm growth, and the consequences of falling population growth. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics The breakthrough came at visit to Stanford, when I realized that the Hoover Institute had hundreds of old microfilms of the data the US military government collected in the late 1940s and 1950s. In my research I focus primarily on economic growth and long-run economic development. Powered by Create your own unique website with customizable templates. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. In his research he focuses on economic growth and long-run economic development. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). Sprouting Cities: How Rural America Industrialized, MarketSize and Spatial Growth -Evidence from Germany's Post-WarPopulation Expulsions, Heterogeneous Markups, Growth and Endogenous Misallocation, Firm Size, Quality Bias and Import Demand, The Gains From Input Trade with Heterogeneous Importers, Creative Destruction, Distance to Frontier, andEconomic Development, Growing Like India: The Unequal Effects of Service-Led Growth, Population Growth andFirm-Product Dynamics. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. You can help correct errors and omissions. %PDF-1.5 % American Economic Journal . ", Peters, Michael & Severinov, Sergei, 2005. Like Tweet Share. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. [8] Winter, 1983. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. A six-time winner of the McKinsey Award for the best Harvard Business Review article of the year, Professor Porter is the most cited author in business and economics. Professor email Michael.Peters@ubc.ca phone 604 822 4418 location_on Iona Building 108 launch Personal Website file_download Download CV Research Area Theory About I am a Professor in the Vancouver School of Economics. MICHAEL PETERS AUGUST 2022 Contact Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 eMail: m.peters@yale.edu Academic Appointments 2021-2022 Visiting Scholar, New York University Stern School of Business To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. For the case of India, service-led growth was an important driver of risingliving standard. Phone (613) 533-2250 Fax (613) 533-6668 Email https . The estimated model im- plies that the refugee settlement increased aggregate income per capita by about 12% after 25 years and triggered a process of industrialization in rural areas. Michael Peters ; Michael Peters . Skip to main content Social Menu. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. How do local economies respond to large increases to the size of their population? American Economic Review 111 (1), 231-75, 2021. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. For example, the US Military Government in Bavaria, published an internal report which explicitly discussed how the arrival of the refugees in rural Bavaria presented opportunities for firms to move to locations near idle workers. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. Students who receive a Ph.D. from Penn State and whose doctoral research is excellent have been recruited and sought after by leading academic and research institutions: our Ph.D. students have obtained tenure-track positions at Chicago, Harvard, Johns Hopkins, MIT, Northwestern, NYU, UPenn and many more. Verified email at yale.edu. Their, This "Cited by" count includes citations to the following articles in Scholar. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. New research by Yale Economist Michael Peters suggests that a large refugee settlement after World War II had three important consequences: Large and persistent increase in the size of the local population; It spurred local industrialization by increasing labor in the manufacturing sector and decreasing labor in the agriculture sector; and Economics Department, Yale University. Sort by citations Sort by year Sort by title. (2006). About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Large and persistent increase in the size of the local population; It spurred local industrialization by increasing labor in the manufacturing sector and decreasing labor in the agriculture sector; and. In the rst version contracts are exchanged on a competitive market in which traders expectations concerning conditions Expand 7 View 1 excerpt, references background Game-Playing Agents: Unobservable Contracts as Precommitments M. Katz For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Together with my colleague Costas Arkolakis and Sun Kyoung Lee at Michigan, we work on a project on the link between migration and economic development in the US between 1880 and 1920 where we try to carefully measure differences in innovation potential between migrants from different countries. ", Sergei Severinov & Michael Peters, 2004. These findings are quantita- tively consistent with an idea-based model of spatial growth if population mobility is subject to frictions and productivity spillovers occur locally. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, The Gains from Input Trade with Heterogeneous Importers, American Economic Journal: Macroeconomics, Heterogeneous Markups, Growth, and Endogenous Misallocation, Cowles Foundation for Research in Economics, Yale Federal Statistical Research Data Center. What motivated you to take on this research question? The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Follow. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. He has worked on theories of firm-dynamics, highlighting the role of markups for misallocation, the importance of managerial delegation for firm growth, and the consequences of falling population growth. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. & Severinov,S., 2001. In his work on growth and economic geography, he analyzed the long-run consequences of large-scale migration, both in post-war Germany and for the US in the 19th century. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. I think we need more work to understand what happens when the population shrinks. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Box 21345, New . Michael Peters. Public profiles for Economics researchers, Curated articles & papers on economics topics, Upload your paper to be listed on RePEc and IDEAS, Pretend you are at the helm of an economics department, Data, research, apps & more from the St. Louis Fed, Initiative for open bibliographies in Economics, Have your institution's/publisher's output listed on RePEc, Matching by Luck or Search? EU Economic Policy and Architecture after Covid, DP13700 Firm Size, Quality Bias and Import Demand, International Trade and Regional Economics, DP12237 Firm Size and the Intensive Margin of Import Demand, DP11721 The Gains from Input Trade with Heterogeneous Importers. Columbia University. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 2023 National Bureau of Economic Research. ". His research mostly focuses on macroeconomics, economic development and growth, and international trade. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Michael Peters from Yale will present Spatial Structural Change. Is the rise of services only due to income effects or can growth be service-led? It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. His research mostly focuses on macroeconomics, economic development and growth, and international trade. In this paper, I study a particular historical episode to provide direct evidence Expand 25 PDF Structural reforms to make the most of demographic change L. Mello Economics 2020 A minor in economics is open to students enrolled in any college. Michael Peters, Conor Walsh Published 6 November 2019 Economics Microeconomics: Production A growing body of empirical research highlights substantial changes in the US economy during the last three decades. Start your day off right, with a Dayspring Coffee Michael Peters Economics Department, Yale University Verified email at . ", Michael Peters & Ralph A. Sort. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. ", Michael Peters & Sergei Severinov, 2001. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, Heterogeneous Markups, Growth, and Endogenous Misallocation.
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