michael peters economics

0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream What were the results? 6 October, 2021 4:00 pm-6:00 pm. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. For general information on how to correct material on RePEc, see these instructions. 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. But even within the US there are vast regional differences in the type of migrants that settle in different areas. American Economic Review 111 (1), 231-75, 2021. 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. Economics Department, Yale University. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Verified email at columbia.edu - Homepage. hb```f``} cf`ah`.d0 A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. The Geography of Remote Work . 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. 2023 National Bureau of Economic Research. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Social Menu. To what extent these findings have a direct relevance for immigration policy today, is a great question. 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. American Economic Journal . 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. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. 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 I think we need more work to understand what happens when the population shrinks. American Economic Review. Yale. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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. . 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. Michael Peters Economics Department, Yale University Verified email at . Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. 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. Winter, 1983. 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. Like Tweet Share. 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 " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. ", Celik, Gorkem & Peters, Michael, 2008. 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. Follow. 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. Second, the refugees were allocated to rural areas and not to urban centers. A minor in economics is open to students enrolled in any college. ", Epstein, Larry G. & Peters, Michael, 1999. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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. 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. & Severinov,S., 2001. The emergence of new cities in Rural America played a big part for this transition. Productive firms thus settle in productive. Sort. Michael Peters ; Michael Peters . 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. 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. Skip to main content The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. ", Michael Peters & Ralph A. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Research. 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 particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. View Michael Peters' profile on LinkedIn, the world's largest professional community. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . I am an Associate Professor in the Economics Department at Yale. At least three aspects of this study seem particularly context specific. (2006). 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. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Peters,M. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. ", Sergei Severinov & Michael Peters, 2004. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. This inflow increased the German population by almost 20%. 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 research he focuses on economic growth and long-run economic development. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Conor Walsh. In my research I focus primarily on economic growth and long-run economic development. What motivated you to take on this research question? Affiliation: Yale. His research mostly focuses on macroeconomics, economic development and growth, and international trade. See all articles by Michael Peters Michael Peters. Journal of Urban Economics, Volume 120, July 2022, 103454. Cited by. Penn State now offers a two-year program designated only for the M.A. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Yale University - Department of Economics; Yale University - Cowles Foundation. Their, This "Cited by" count includes citations to the following articles in Scholar. This particular setting is, of course, close to my heart. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. The system can't perform the operation now. 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. However, these gains were heavily skewed toward high-income households living in urban districts. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods Articles Cited by Co-authors. All Rights Reserved. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. 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 . 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. Yale Department of Economics. 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? Some immigration is low-skilled, some immigration is high-skilled. Being from Germany myself, one hears lots of stories about the WW2 expulsion. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Fabrizio Zilibotti. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Before joining Yale University, he held a position at the London School of Economics. 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. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. . Footer Menu. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. U Akcigit, H Alp, M Peters. hbbd``b`*@q`$3DY $,> L@)"3` 2 Virtual. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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 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. 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. Powered by Create your own unique website with customizable templates. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . endstream endobj startxref 0 %%EOF 43 0 obj <>stream ". His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. Michael Peters Economics Department, Yale University Verified email at yale.edu. ", Halevy, Yoram & Peters, Michael, 2007. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. There, details are also given on how to add or correct references and citations. Start your day off right, with a Dayspring Coffee Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. "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. 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. 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. Allen Head. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. ", Michael Peters & Sergei Severinov, 2008. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Michael Peters - Contact Welcome to my website! The following articles are merged in Scholar. . 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 findings echo Acemoglu et al. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Michael Peters Economics Department, . Michael Peters. Try again later. What are the policy implications, if any, of this research? ", Peters, Michael & Szentes, Balazs, 2009. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. What are some exciting areas for further research in this area? 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. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. 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. And they, luckily, had taken pictures of the old census publications, which I could digitize. 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. 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. Title . As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. target no need to return item. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. 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