Michael Peters from Yale will present Spatial Structural Change. Research. degree in economics. ", Celik, Gorkem & Peters, Michael, 2008. This inflow increased the German population by almost 20%. 180 * 2021: For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . [8] ", Peters, Michael & Severinov, Sergei, 2003. At least three aspects of this study seem particularly context specific. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Box 21345, New . Start your day off right, with a Dayspring Coffee Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. The first months where very discouraging because so little data seemed to have survived. Michael Peters Economics Department, Yale University Verified email at yale.edu. Michael Peters | NBER Economics Department, Yale University. Michael Peters - Vancouver School of Economics The Gains from Input Trade with Heterogeneous Importers It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics What are some exciting areas for further research in this area? 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. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Footer Menu. Cited by. Sort by citations Sort by year Sort by title. 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. 6 October, 2021 4:00 pm-6:00 pm. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Journal of Urban Economics, Volume 120, July 2022, 103454. Verified email at columbia.edu - Homepage. 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. 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. [PDF] Firm Creation and Local Growth | Semantic Scholar 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 In my research I focus primarily on economic growth and long-run economic development. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. . New Research by Michael Peters on the Economic Consequences of Refugee At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. 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 How do local economies respond to large increases to the size of their population? 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 [PDF] A folk theorem for competing mechanisms | Semantic Scholar The model can be solved analytically and allows for a precise theoretical characteri-zation of the underlying determinants of market power and its macroeconomic conse-quences. What were the results? 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. Michael Peters, Conor Walsh Economics SSRN Electronic Journal 2019 A growing body of empirical research highlights substantial changes in the US economy during the last three decades. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. ", Michael Peters & Sergei Severinov, 2008. Fabian Eckert - Google Scholar 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 Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Follow. fabian eckert ", Peters, Michael & Severinov, Sergei, 2005. ", Halevy, Yoram & Peters, Michael, 2007. 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 department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 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. I am an Associate Professor in the Economics Department at Yale. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. This particular setting is, of course, close to my heart. 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? Increases in per-capita income, particularly in the long run. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Sort. Department of Economics. 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. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Being from Germany myself, one hears lots of stories about the WW2 expulsion. target no need to return item. Yale University - Department of Economics; Yale University - Cowles Foundation. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. PDF MICHAEL PETERS A 2022 - Economics.yale.edu ", Celik, Gorkem & Peters, Michael, 2011. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. I think there are so many related interesting and important questions to work on. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Allen Head. January 2021 CFP 1710 Author(s) Michael Peters. ", Peters, Michael & Severinov, Sergei, 1997. American Economic Journal . Michael Peters - Contact The large inflows led to persistent changes in the sectoral composition of the local economy. . The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Research - Michael Peters A minor in economics is open to students enrolled in any college. New research by Yale Economist Michael Peters suggests that a large refugee settlement after World War II had three important consequences: The positive relationship between population size and productivity is at the heart of virtually all theories of economic growth. Research | montoya.econ.ubc.ca 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. For the case of India, service-led growth was an important driver of risingliving standard. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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 See all articles by Michael Peters Michael Peters. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 19 0 obj <> endobj 28 0 obj <>/Filter/FlateDecode/ID[<70ADE99825F75C65B66EE155A86C2D05>]/Index[19 25]/Info 18 0 R/Length 64/Prev 76524/Root 20 0 R/Size 44/Type/XRef/W[1 2 1]>>stream Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. 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). Macroeconomics Economic Growth Urban Economics. However, these gains were heavily skewed toward high-income households living in urban districts. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. This is, of course, exactly the link between productivity and population that, decades later, features so prominently in Paul Romers work on economic growth or Paul Krugmans work on economic geography. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. firm and location productivity arecomplements and labor market frictions are sufficiently large. Some immigration is low-skilled, some immigration is high-skilled. Is the rise of services only due to income effects or can growth be service-led? Their, This "Cited by" count includes citations to the following articles in Scholar. His research mostly focuses on macroeconomics, economic development and growth, and international trade. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Michael Peters. 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. 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. 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. & Severinov,S., 2001. Research Conor Walsh I think we need more work to understand what happens when the population shrinks. michael peters economics ubc ", Epstein, Larry G. & Peters, Michael, 1999. Michael Peters | CEPR Michael Peters | Queen's Economics Department michael peters economics ubc Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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. Michael Peters Published 1 October 2021 Economics SSRN Electronic Journal Virtually all theories of economic growth predict a positive relationship between population size and productivity. American Economic Review. J Blaum, C Lelarge, M Peters. Before joining Yale University, he held a position at the London School of Economics. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Entrepreneurship - McGraw Hill Education Research - Michael Peters Publications Sprouting Cities: How Rural America Industrialized (with Fabian Eckert and John Juneau ) [American Economic Review P&P, forthcoming] Between 1880 to 1940, the US transformed from a largely agrarian to an industrialized economy. The persistent long-term effects of the refugee settlement imply that the government policy of settling refugees in rural labor markets might have changed the long-term path of local industrialization in West Germany. Peters,M. Yale Department of Economics. Solutions Manual - Michael Peters 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. Title . Michael Peters | Cowles Foundation for Research in Economics Title. 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. Affiliation: Yale. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Virtually all theories of economic growth predict a positive relationship between population size and productivity. The emergence of new cities in Rural America played a big part for this transition. 37 (2), pages 281-306, November. You can help correct errors and omissions. Financial Accounting in an Economic Context - Jamie Pratt, Michael F Michael Peters | IDEAS/RePEc Articles Cited by Co-authors. Michael Peters - Google Scholar Second, the refugees were allocated to rural areas and not to urban centers. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Michael Peters | Yale Economic Growth Center Ming Xu. %PDF-1.5 % Try again later. Michael Peters Economics Department, Yale University Verified email at . 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. U Akcigit, H Alp, M Peters. Michael Peters | Yale Department of Economics Publications by author | Yale Department of Economics These mass migrations also led to a long-term increase in income-per-capita for the aggregate economy: a 10 percent increase in the share of refugees increased income per capita by roughly 56 percent after 15 years, and roughly 12 percent after 25 years. 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. To what extent these findings have a direct relevance for immigration policy today, is a great question. ", Peters, Michael & Severinov, Sergei, 2006. 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. Michael Peters Economics Department, . These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. (2006). 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. Yale. 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. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. [PDF] The End of Economic Growth? Unintended Consequences of a 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. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Financial Accounting, 11th Edition | Wiley 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.