, & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . I am an Assistant Professor at the Department of Economics at the University of California, San Diego. 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). 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 Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Economics Department, Yale University. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. I am an Associate Professor in the Economics Department at Yale. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Before joining Yale University, he held a position at the London School of Economics. Like Tweet Share. Research. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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 emergence of new cities in Rural America played a big part for this transition. interests: Trade, Economic Geography, and Macroeconomics contact: . Cited by. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Start your day off right, with a Dayspring Coffee Michael Peters & Sergei Severinov, 2008. 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. ", Celik, Gorkem & Peters, Michael, 2008. 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. Penn State now offers a two-year program designated only for the M.A. Verified email at columbia.edu - Homepage. Affiliation: Yale. 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. Fabrizio Zilibotti. 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". Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Department of Economics. Winter, 1983. %PDF-1.5
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armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. 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. hWR8~}aU)$pnf[=dXdf3
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p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. . ", Peters, Michael & Szentes, Balazs, 2009. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. What motivated you to take on this research question? 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. Social Menu. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. 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 Published 1 October 2021 Economics SSRN Electronic Journal 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, 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 & Sergei Severinov, 2001. Title. 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. American Economic Journal . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Sergei Severinov & Michael Peters, 2004. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. I think we need more work to understand what happens when the population shrinks. Author(s) Michael Peters. Some immigration is low-skilled, some immigration is high-skilled. 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 Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Yale University - Department of Economics; Yale University - Cowles Foundation. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. The first months where very discouraging because so little data seemed to have survived. What were the results? To estimate the relationship between refugee inflow and local economic development, Professor Peters constructed a data set from original historical sources for more than 500 West German counties since the 1930s. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Conor Walsh. Increases in per-capita income, particularly in the long run. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Michael Peters Economics Department, Yale University Verified email at . 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.
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Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. This particular setting is, of course, close to my heart. 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. 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. Sort. 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. What are some exciting areas for further research in this area? All Rights Reserved. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. ", Michael Peters & Sergei Severinov, 2008. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. January 2021 CFP 1710 Author(s) Michael Peters. Virtual. 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. 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. 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. Allen Head. See all articles by Michael Peters Michael Peters. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. hb```f``} cf`ah`.d0 Yale. 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. 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. 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. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Is the rise of services only due to income effects or can growth be service-led? ", Epstein, Larry G. & Peters, Michael, 1999. 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). My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Michael Peters from Yale will present Spatial Structural Change. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. "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. ", Peters, Michael & Severinov, Sergei, 2006. ", Michael Peters & Ralph A. Ming Xu. Journal of Urban Economics, Volume 120, July 2022, 103454. Michael Peters Economics Department, Yale University Verified email at yale.edu. Skip to main content And they, luckily, had taken pictures of the old census publications, which I could digitize. Try again later. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. The system can't perform the operation now. . CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. There, details are also given on how to add or correct references and citations. Michael Peters. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . The Geography of Remote Work . View Michael Peters' profile on LinkedIn, the world's largest professional community. 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. Footer Menu. 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. 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . You can help correct errors and omissions. For the case of India, service-led growth was an important driver of risingliving standard. 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 . I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. 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. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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. 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). 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. (2006). J Blaum, C Lelarge, M Peters. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. To link different versions of the same work, where versions have a different title, use this form. I started working on growth theory during my PhD at MIT. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. What are the policy implications, if any, of this research? . 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 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. 180 * 2021: Box 21345, New . 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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. 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. 2023 National Bureau of Economic Research. The following articles are merged in Scholar. ", Peters, Michael & Severinov, Sergei, 2003. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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. Create your own unique website with customizable templates. Peters,M. 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? So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Macroeconomics Economic Growth Urban Economics. To what extent these findings have a direct relevance for immigration policy today, is a great question. In his research he focuses on economic growth and long-run economic development. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. ", Michael Peters & Sergei Severinov, 1995. Michael Peters - Contact Welcome to my website! Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods ", Celik, Gorkem & Peters, Michael, 2011. 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. 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. 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 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. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. A minor in economics is open to students enrolled in any college. Powered by Create your own unique website with customizable templates. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . target no need to return item. At least three aspects of this study seem particularly context specific. 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 It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Macroeconomics Development Economics Growth. 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.
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