Verified email at columbia.edu - Homepage. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. A Revelation Principle for Competing Mechanisms 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. 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. Michael Peters | CEPR In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Research | montoya.econ.ubc.ca Yale Department of Economics. Fabrizio Zilibotti. 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. 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. [8] It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . ", Peters, Michael & Szentes, Balazs, 2009. I started working on growth theory during my PhD at MIT. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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 & Sergei Severinov, 2008. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 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 Conor Walsh degree in economics. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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. This inflow increased the German population by almost 20%. The Geography of Remote Work . With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. What are the policy implications, if any, of this research? I would love to see more quantitative work on the consequences of migration that takes such differences into account. Title . His research mostly focuses on macroeconomics, economic development and growth, and international trade. Financial Accounting, 11th Edition | Wiley 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. The following articles are merged in Scholar. There, details are also given on how to add or correct references and citations. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. hb```f``} cf`ah`.d0 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 Conor Walsh. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Research - Michael Peters Like Tweet Share. Productive firms thus settle in productive. How do local economies respond to large increases to the size of their population? ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. In my research I focus primarily on economic growth and long-run economic development. A minor in economics is open to students enrolled in any college. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. All Rights Reserved. Michael Peters | Cowles Foundation for Research in Economics PDF MICHAEL PETERS A 2022 - Economics.yale.edu Footer Menu. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. ", Michael Peters & Ralph A. 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. Second, the refugees were allocated to rural areas and not to urban centers. Fabian Eckert - Google Scholar I think there are so many related interesting and important questions to work on. Michael Peters | Queen's Economics Department (2006). Michael Peters Economics Department, Yale University Verified email at . Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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). 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). [PDF] The End of Economic Growth? Unintended Consequences of a Solutions Manual - Michael Peters . Research. 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. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream ", Peters, Michael & Severinov, Sergei, 2003. Author(s) Michael Peters. Michael Peters & Sergei Severinov, 2008. %PDF-1.5 % Department of Economics. 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. 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. 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. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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. firm and location productivity arecomplements and labor market frictions are sufficiently large. And they, luckily, had taken pictures of the old census publications, which I could digitize. Conor Walsh - Google Scholar " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. Affiliation: Yale. American Economic Review. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Economics Department, Yale University. Before joining Yale University, he held a position at the London School of Economics. Michael Peters - Vancouver School of Economics [PDF] Firm Creation and Local Growth | Semantic Scholar New Research by Michael Peters on the Economic Consequences of Refugee His research mostly focuses on macroeconomics, economic development and growth, and international trade. The large inflows led to persistent changes in the sectoral composition of the local economy. fabian eckert J Blaum, C Lelarge, M Peters. Macroeconomics Economic Growth Urban Economics. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 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. Ufuk Akcigit - Google Scholar American Economic Journal . 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 - Vice President Corporate Strategy - LinkedIn Journal of Urban Economics, Volume 120, July 2022, 103454. Michael Peters ; Michael Peters . For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. target no need to return item. The Gains from Input Trade with Heterogeneous Importers 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. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. The emergence of new cities in Rural America played a big part for this transition. 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. Increases in per-capita income, particularly in the long run. Macroeconomics Development Economics Growth. 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Michael Peters | IDEAS/RePEc Most demographers expect the global population to decline starting by around 2065. ", Peters, Michael & Severinov, Sergei, 2006. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com & Severinov,S., 2001. Title. ". Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 ", Epstein, Larry G. & Peters, Michael, 1999. 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. However, these gains were heavily skewed toward high-income households living in urban districts. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Box 21345, New . 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 . See all articles by Michael Peters Michael Peters. 180 * 2021: For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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. You can help correct errors and omissions. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. interests: Trade, Economic Geography, and Macroeconomics contact: . U Akcigit, H Alp, M Peters. 6 October, 2021 4:00 pm-6:00 pm. Financial Accounting in an Economic Context - Jamie Pratt, Michael F ", Peters, Michael & Severinov, Sergei, 1997. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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. What are some exciting areas for further research in this area? American Economic Review 111 (1), 231-75, 2021. Articles Cited by Co-authors. Their, This "Cited by" count includes citations to the following articles in Scholar. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. What motivated you to take on this research question? Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Lack of Selection and Limits to Delegation: Firm Dynamics 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.