Penn State now offers a two-year program designated only for the M.A. 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. The large inflows led to persistent changes in the sectoral composition of the local economy. Columbia University. 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. This particular setting is, of course, close to my heart. Before joining Yale University, he held a position at the London School of Economics. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. However, these gains were heavily skewed toward high-income households living in urban districts. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Author(s) Michael Peters. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. ", Michael Peters & Sergei Severinov, 1995. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Conor Walsh. 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. 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? Ming Xu. 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). ", Peters, Michael & Severinov, Sergei, 2003. See all articles by Michael Peters Michael Peters. 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 Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. I think we need more work to understand what happens when the population shrinks. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 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. 180 * 2021: 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. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. I think there are so many related interesting and important questions to work on. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. The Geography of Remote Work . Macroeconomics Economic Growth Urban Economics. Articles Cited by Co-authors. 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 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. View Michael Peters' profile on LinkedIn, the world's largest professional community. 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. At least three aspects of this study seem particularly context specific. Michael Peters. January 2021 CFP 1710 Author(s) Michael Peters. 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Create your own unique website with customizable templates. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. ", Peters, Michael & Severinov, Sergei, 2006. Fabrizio Zilibotti. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. For general information on how to correct material on RePEc, see these instructions. The emergence of new cities in Rural America played a big part for this transition. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Increases in per-capita income, particularly in the long run. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. I am an Associate Professor in the Economics Department at Yale. Yale University - Department of Economics; Yale University - Cowles Foundation. ", Halevy, Yoram & Peters, Michael, 2007. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Winter, 1983. The following articles are merged in Scholar. "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. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. The first months where very discouraging because so little data seemed to have survived. 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. Affiliation: Yale. Try again later. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Being from Germany myself, one hears lots of stories about the WW2 expulsion. hbbd``b`*@q`$3DY $,> L@)"3` 2 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Powered by Create your own unique website with customizable templates. Speaker(s) Location. Box 21345, New . All material on this site has been provided by the respective publishers and authors. 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 Like Tweet Share. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. American Economic Journal . We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. A minor in economics is open to students enrolled in any college. Footer Menu. 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. ", Peters, Michael & Szentes, Balazs, 2009. Start your day off right, with a Dayspring Coffee ". Macroeconomics Development Economics Growth. ", Michael Peters & Ralph A. Sort. 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. 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Verified email at columbia.edu - Homepage. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. degree in economics. 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. ", Michael Peters & Sergei Severinov, 2001. Michael Peters & Sergei Severinov, 2008. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Yale. U Akcigit, H Alp, M Peters. The findings echo Acemoglu et al. 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. 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). 37 (2), pages 281-306, November. Peters,M. & Severinov,S., 2001. To link different versions of the same work, where versions have a different title, use this form. There, details are also given on how to add or correct references and citations. American Economic Review. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Michael Peters Economics Department, Yale University Verified email at yale.edu. For the case of India, service-led growth was an important driver of risingliving standard. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 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. What were the results? In my research I focus primarily on economic growth and long-run economic development. Virtual. 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. 2023 National Bureau of Economic Research. Michael Peters Economics Department, . This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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. This inflow increased the German population by almost 20%. 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Michael Peters ; Michael Peters . 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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 . What motivated you to take on this research question? %PDF-1.5 % In his research he focuses on economic growth and long-run economic development. (2006). 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. 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. 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). Some immigration is low-skilled, some immigration is high-skilled. . As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Michael Peters Economics Department, Yale University Verified email at . 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. Yale Department of Economics. 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
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