To link different versions of the same work, where versions have a different title, use this form. The Geography of Remote Work . In my research I focus primarily on economic growth and long-run economic development. . 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. Penn State now offers a two-year program designated only for the M.A. Columbia University. Michael Peters Economics Department, Yale University Verified email at . 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. Productive firms thus settle in productive. What are some exciting areas for further research in this area? Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. hb```f``} cf`ah`.d0 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. 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. 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. Articles Cited by Co-authors. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. Fabrizio Zilibotti. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. At least three aspects of this study seem particularly context specific. hbbd``b`*@q`$3DY $,> L@)"3` 2 Social Menu. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Title. However, these gains were heavily skewed toward high-income households living in urban districts. J Blaum, C Lelarge, M Peters. 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. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. For the case of India, service-led growth was an important driver of risingliving standard. Skip to main content 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? 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. How do local economies respond to large increases to the size of their population? Phone (613) 533-2250 Fax (613) 533-6668 Email https . CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. I think we need more work to understand what happens when the population shrinks. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Macroeconomics Development Economics Growth. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. [8] For general information on how to correct material on RePEc, see these instructions. Yale. ", Celik, Gorkem & Peters, Michael, 2011. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 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. 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. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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". ", Epstein, Larry G. & Peters, Michael, 1999. Try again later. ", Michael Peters & Sergei Severinov, 2001. degree in economics. Michael Peters ; Michael Peters . For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Ming Xu. 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. Increases in per-capita income, particularly in the long run. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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 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. 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. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Journal of Urban Economics, Volume 120, July 2022, 103454. 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. Start your day off right, with a Dayspring Coffee (2006). 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 We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Title . 2023 National Bureau of Economic Research. Michael Peters Economics Department, . ", Celik, Gorkem & Peters, Michael, 2008. Yale University - Department of Economics; Yale University - Cowles Foundation. I think there are so many related interesting and important questions to work on. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Their, This "Cited by" count includes citations to the following articles in Scholar. 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 first months where very discouraging because so little data seemed to have survived. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 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). I am an Assistant Professor at the Department of Economics at the University of California, San Diego. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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. 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. 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. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. . At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. Michael Peters - Contact Welcome to my website! He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. The large inflows led to persistent changes in the sectoral composition of the local economy. The following articles are merged in Scholar. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. View Michael Peters' profile on LinkedIn, the world's largest professional community. Winter, 1983. To what extent these findings have a direct relevance for immigration policy today, is a great question. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Department of Economics. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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. Second, the refugees were allocated to rural areas and not to urban centers. Allen Head. %PDF-1.5 % 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 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. Is the rise of services only due to income effects or can growth be service-led? 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 American Economic Journal . 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. firm and location productivity arecomplements and labor market frictions are sufficiently large. ", Peters, Michael & Severinov, Sergei, 1997. U Akcigit, H Alp, M Peters. Before joining Yale University, he held a position at the London School of Economics. Cited by. . Research. Speaker(s) Location. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. "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 is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Michael Peters & Sergei Severinov, 2008. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). All Rights Reserved. Sort. ", Halevy, Yoram & Peters, Michael, 2007. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. interests: Trade, Economic Geography, and Macroeconomics contact: . 37 (2), pages 281-306, November. 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 & Ralph A. I started working on growth theory during my PhD at MIT. 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 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 . 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. This particular setting is, of course, close to my heart. All material on this site has been provided by the respective publishers and authors. 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). ". 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 his research he focuses on economic growth and long-run economic development. 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. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. There, details are also given on how to add or correct references and citations. Macroeconomics Economic Growth Urban Economics. See all articles by Michael Peters Michael Peters. American Economic Review 111 (1), 231-75, 2021. 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. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. You can help correct errors and omissions. & Severinov,S., 2001. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 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. Create your own unique website with customizable templates. The system can't perform the operation now. This inflow increased the German population by almost 20%. Most demographers expect the global population to decline starting by around 2065. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. ", Michael Peters & Sergei Severinov, 1995. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. The emergence of new cities in Rural America played a big part for this transition. 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. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. And they, luckily, had taken pictures of the old census publications, which I could digitize. Yale Department of Economics. Michael Peters. 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 program provides rigorous training in econometrics and quantitative economics as well as in economic theory. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical 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. 6 October, 2021 4:00 pm-6:00 pm. His research mostly focuses on macroeconomics, economic development and growth, and international trade. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. . Follow. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . What were the results? Powered by Create your own unique website with customizable templates. But even within the US there are vast regional differences in the type of migrants that settle in different areas. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. He received his PhD from the Massachusetts Institute of Technology (MIT) and held an Assistant Professor position at the London School of Economics before joining Yale. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Footer Menu. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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.