michael peters economics michael peters economics

hb```f``} cf`ah`.d0 Yale University - Department of Economics; Yale University - Cowles Foundation. In the af- termath of the Second World War, 8 million ethnic Germans were expelled from their domiciles in Eastern Europe and transferred to West Germany. Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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 , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . . Journal of Urban Economics, Volume 120, July 2022, 103454. Entrepreneurship - McGraw Hill Education 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. 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. %PDF-1.5 % hbbd``b`*@q`$3DY $,> L@)"3` 2 Try again later. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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. 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. 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. What are the policy implications, if any, of this research? Virtual. Peters,M. 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. 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). Michael Peters Economics Department, Yale University Verified email at . Yale Department of Economics. I think we need more work to understand what happens when the population shrinks. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. My parents grew up in the West, but remember that they had to share their apartment with refugees from the East in the immediate war periods because housing was so scarce. 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 Fabrizio Zilibotti - Google Scholar For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. View Michael Peters' profile on LinkedIn, the world's largest professional community. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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. The Geography of Remote Work . Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Cited by. For general information on how to correct material on RePEc, see these instructions. 6 October, 2021 4:00 pm-6:00 pm. [PDF] A folk theorem for competing mechanisms | Semantic Scholar [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The 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 Creative Destruction, Distance to Frontier, and Economic Development by michael peters economics ubc Michael Peters | IDEAS/RePEc In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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. The following articles are merged in Scholar. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Author(s) Michael Peters. New Research by Michael Peters on the Economic Consequences of Refugee . Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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. 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. [PDF] Firm Creation and Local Growth | Semantic Scholar ". Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Michael Porter - Wikipedia My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Virtually all theories of economic growth predict a positive relationship between population size and productivity. ", Epstein, Larry G. & Peters, Michael, 1999. For the case of India, service-led growth was an important driver of risingliving standard. ", Sergei Severinov & Michael Peters, 2004. Michael Peters | VoxDev Conor Walsh. interests: Trade, Economic Geography, and Macroeconomics contact: . Michael Peters & Sergei Severinov, 2008. 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. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Some immigration is low-skilled, some immigration is high-skilled. 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. Michael Peters - Contact Welcome to my website! Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Michael Peters - Contact 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. U Akcigit, H Alp, M Peters. 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. ", Michael Peters & Sergei Severinov, 2008. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. endstream endobj startxref 0 %%EOF 43 0 obj <>stream Sort by citations Sort by year Sort by title. 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. This inflow increased the German population by almost 20%. I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. 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. Yale. firm and location productivity arecomplements and labor market frictions are sufficiently large. At least three aspects of this study seem particularly context specific. Market Size and Spatial Growth - Evidence from Germany's Post-War Follow. Footer Menu. In my research I focus primarily on economic growth and long-run economic development. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Like Tweet Share. What motivated you to take on this research question? Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Before joining Yale University, he held a position at the London School of Economics. Economics Department, Yale University. Penn State now offers a two-year program designated only for the M.A. 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. At a very general level, I am pretty confident that population density leads to higher productivity and there is a large empirical literature in urban economics that provides evidence for this to be the case. Ming Xu. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Create your own unique website with customizable templates. The first months where very discouraging because so little data seemed to have survived. Articles Cited by Co-authors. Sort. See all articles by Michael Peters Michael Peters. The findings echo Acemoglu et al. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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. Ufuk Akcigit - Google Scholar This work allowed him to quantify the effect of the refugee settlement on aggregate income and study how the government policy of sending refugees to the countryside might ignite and maintain rural industrialization. J Blaum, C Lelarge, M Peters. What are some exciting areas for further research in this area? Research Conor Walsh Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Box 21345, New . Productive firms thus settle in productive. Empirical Evidence from the Executive Labor Market, Reciprocal Relationships and Mechanism Design, Reciprocal relationships and mechanism design, Canadian Journal of Economics/Revue canadienne d'conomique, On the Revelation Principle and Reciprocal Mechanisms in Competing Mechanism Games, Other Regarding Preferences: Outcomes, Intentions, or Interdependence, Non-cooperative foundations of hedonic equilibrium, The Pre-Marital Investment Game: Addendum, Technical Appendix to Internet Auctions with Many Traders, Unobservable Heterogeneity in Directed Search, Internet Trading Mechanisms And Rational Expectations, Econometric Society 2004 North American Winter Meetings, Pure Strategies and No Externalities with Multiple Agents, Negotiation and Take it or Leave it in Common Agency, Negotiation and take it or leave it in common agency, Common Agency and the Revelation Principle, Limits of Exact Equilibria for Capacity Constrained Sellers with costlySearch, Limits of Exact Equilibria for Capacity Constrained Sellers with Costly Search, Competition Among Mechanism Designers in a Common Value Environment, Competition among mechanism designers in a common value environment, A Revelation Principle For Competing Mechanisms, A Revelation Principle for Competing Mechanisms, On the Equivalence of Walrasian and Non-Walrasian Equilibria in Contract Markets: The case of Complete Contracts, Competition Among Sellers who offer Auctions Instead of Prices, Competition among Sellers Who Offer Auctions Instead of Prices, Dynamic Monopoly Power When Search is Costly, Noncontractible Heterogeneity in Directed Search, Erratum to "Negotiation and take it or leave it in common agency": [Journal of Economic Theory 111 (2003) 88-109], Pure strategy and no-externalities with multiple agents, Decentralized Markets and Endogenous Institutions, Incentive-Consistent Matching Processes for Problems with ex Ante Pricing, Equilibrium Mechanisms in a Decentralized Market, On the Efficiency of Ex Ante and Ex Post Pricing Institutions, Ex Ante Price Offers in Matching Games Non-steady States, Research and development with publicly observable outcomes, Bertrand Equilibrium with Capacity Constraints and Restricted Mobility, Market Equilibrium and the Resolution of Uncertainty, Labour contracts in a stock market economy, Number of Distinct Works, Weighted by Simple Impact Factor, Number of Distinct Works, Weighted by Recursive Impact Factor, Number of Distinct Works, Weighted by Number of Authors and Simple Impact Factors, Number of Distinct Works, Weighted by Number of Authors and Recursive Impact Factors, Number of Citations, Weighted by Simple Impact Factor, Number of Citations, Weighted by Recursive Impact Factor, Number of Citations, Weighted by Recursive Impact Factor, Discounted by Citation Age, Number of Citations, Weighted by Number of Authors, Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Discounted by Citation Age, Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Discounted by Citation Age, Number of Journal Pages, Weighted by Simple Impact Factor, Number of Journal Pages, Weighted by Recursive Impact Factor, Number of Journal Pages, Weighted by Number of Authors, Number of Journal Pages, Weighted by Number of Authors and Simple Impact Factors, Number of Journal Pages, Weighted by Number of Authors and Recursive Impact Factors, Queen's Economics Department PhD Graduates, 1980 Economics Department; Queen's University (from, Li, Kun & Peters, Michael & Xu, Pai, 2013. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 37 (2), pages 281-306, November. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Michael Peters - Vice President Corporate Strategy - LinkedIn Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . In his research he focuses on economic growth and long-run economic development. michael peters economics ubc Allen Head. 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. Social Menu. 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. 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. [PDF] The End of Economic Growth? Unintended Consequences of a To link different versions of the same work, where versions have a different title, use this form. A minor in economics is open to students enrolled in any college. Department of Economics. To what extent these findings have a direct relevance for immigration policy today, is a great question. Michael Peters. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. January 2021 CFP 1710 Author(s) Michael Peters. [8] A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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 . degree in economics. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . 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. ", Halevy, Yoram & Peters, Michael, 2007. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Michael Peters - Vancouver School of Economics I think there are so many related interesting and important questions to work on. Michael Peters | Cowles Foundation for Research in Economics Speaker(s) Location. 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". At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. Research. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 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). It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . American Economic Review. Financial Accounting in an Economic Context - Jamie Pratt, Michael F There, details are also given on how to add or correct references and citations. . Michael Peters - Google Scholar Research | montoya.econ.ubc.ca Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Most demographers expect the global population to decline starting by around 2065. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. fabian eckert There have been few attempts to provide direct evidence on the causal effect of larger scale on productivity growth and to connect such estimates to structural models. ", Peters, Michael & Severinov, Sergei, 2006. Fabian Eckert - Google Scholar To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Solutions Manual - Michael Peters 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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. 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. ", Celik, Gorkem & Peters, Michael, 2008. 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. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. ", Michael Peters & Ralph A. & Severinov,S., 2001. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Title. New research by Yale Economist Michael Peters, new paper, published in Econometrica last month, New Research by Michael Peters on the Economic Consequences of Refugee Settlements. 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. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Affiliation: Yale. 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 "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.