michael peters economics

The findings echo Acemoglu et al. 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 this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Sort by citations Sort by year Sort by title. (2006). Allen Head. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. ", Peters, Michael & Severinov, Sergei, 2003. ", Peters, Michael & Severinov, Sergei, 2005. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. Speaker(s) Location. Before joining Yale University, he held a position at the London School of 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. Verified email at yale.edu. What motivated you to take on this research question? Is the rise of services only due to income effects or can growth be service-led? CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. For the case of India, service-led growth was an important driver of risingliving standard. 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. American Economic Journal . 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. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . 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. 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. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Michael Peters from Yale will present Spatial Structural Change. Columbia University. firm and location productivity arecomplements and labor market frictions are sufficiently large. ", Peters, Michael & Severinov, Sergei, 1997. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. . My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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 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. 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 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream degree in economics. Yale. New research by Yale Economist Michael Peters suggests that a large refugee settlement after World War II had three important consequences: Large and persistent increase in the size of the local population; It spurred local industrialization by increasing labor in the manufacturing sector and decreasing labor in the agriculture sector; and Title. 180 * 2021: American Economic Review 111 (1), 231-75, 2021. Ming Xu. Fabrizio Zilibotti. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Office Address 87 Trumbull Street, Room B221 CV Website Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). Box 21345, New . Economics Department, Yale University. To what extent these findings have a direct relevance for immigration policy today, is a great question. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. ", Celik, Gorkem & Peters, Michael, 2008. To link different versions of the same work, where versions have a different title, use this form. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. There, details are also given on how to add or correct references and citations. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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. Sort. J Blaum, C Lelarge, M Peters. ", Michael Peters & Sergei Severinov, 2008. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. How do local economies respond to large increases to the size of their population? Increases in per-capita income, particularly in the long run. Michael Peters Economics Department, Yale University Verified email at . In my research I focus primarily on economic growth and long-run economic development. Michael Peters. 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. Phone (613) 533-2250 Fax (613) 533-6668 Email https . The large inflows led to persistent changes in the sectoral composition of the local economy. 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. The system can't perform the operation now. All material on this site has been provided by the respective publishers and authors. 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. I am an Associate Professor in the Economics Department at Yale. 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. 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). Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. 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. Verified email at columbia.edu - Homepage. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Winter, 1983. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Virtual. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. I would love to see more quantitative work on the consequences of migration that takes such differences into account. I started working on growth theory during my PhD at MIT. Yale Department of Economics. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. View Michael Peters' profile on LinkedIn, the world's largest professional community. What were the results? Cited by. Department of Economics. Michael Peters Economics Department, Yale University Verified email at yale.edu. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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 & Severinov, Sergei, 2006. 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 . Author(s) Michael Peters. 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 and a Faculty Research Fellow at the NBER. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. 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. ", Celik, Gorkem & Peters, Michael, 2011. Conor Walsh. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Peters,M. A minor in economics is open to students enrolled in any college. And they, luckily, had taken pictures of the old census publications, which I could digitize. & Severinov,S., 2001. ", Peters, Michael & Szentes, Balazs, 2009. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. This inflow increased the German population by almost 20%. 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. 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. 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. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. What are the policy implications, if any, of this research? January 2021 CFP 1710 Author(s) Michael Peters. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. hb```f``} cf`ah`.d0 . ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. 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). 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 What are some exciting areas for further research in this area? 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. Follow. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics [8] American Economic Review. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. ", Michael Peters & Sergei Severinov, 2001. 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. 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. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. "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. 2023 National Bureau of Economic Research. 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. ", Michael Peters & Ralph A. Powered by Create your own unique website with customizable templates. His research mostly focuses on macroeconomics, economic development and growth, and international trade. However, these gains were heavily skewed toward high-income households living in urban districts. 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 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. 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 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. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 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. Penn State now offers a two-year program designated only for the M.A. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). I am an Assistant Professor at the Department of Economics at the University of California, San Diego. 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. The emergence of new cities in Rural America played a big part for this transition. Footer Menu. Yale University - Department of Economics; Yale University - Cowles Foundation. 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. All Rights Reserved. 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 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. 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. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Second, the refugees were allocated to rural areas and not to urban centers. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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.

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