Footer Menu. Michael Peters | Cowles Foundation for Research in Economics Michael Peters Economics Department, Yale University Verified email at . ", Epstein, Larry G. & Peters, Michael, 1999. 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". But even within the US there are vast regional differences in the type of migrants that settle in different areas. You can help correct errors and omissions. In his research he focuses on economic growth and long-run economic development. 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. New Research by Michael Peters on the Economic Consequences of Refugee "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. Financial Accounting, 11th Edition | Wiley Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Research - Michael Peters [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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. Macroeconomics Economic Growth Urban Economics. ", Michael Peters & Sergei Severinov, 2008. 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. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 ", Celik, Gorkem & Peters, Michael, 2008. This inflow increased the German population by almost 20%. Skip to main content " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Author(s) Michael Peters. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Conor Walsh. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. To what extent these findings have a direct relevance for immigration policy today, is a great question. interests: Trade, Economic Geography, and Macroeconomics contact: . Fabrizio Zilibotti. Department of Economics. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. January 2021 CFP 1710 Author(s) Michael Peters. 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. For general information on how to correct material on RePEc, see these instructions. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Michael Peters - Contact Welcome to my website! & Severinov,S., 2001. Ufuk Akcigit - Google Scholar 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. Creative Destruction, Distance to Frontier, and Economic Development by Social Menu. The first months where very discouraging because so little data seemed to have survived. Michael Peters - Vancouver School of Economics 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. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. 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 . American Economic Review 111 (1), 231-75, 2021. American Economic Journal . Yale University - Department of Economics; Yale University - Cowles Foundation. 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. Michael Peters. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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. 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Start your day off right, with a Dayspring Coffee Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 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. 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. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Michael Peters, Yale - Department of Economics Yale Department of Economics. Entrepreneurship - McGraw Hill Education Before joining Yale University, he held a position at the London School of Economics. michael peters economics ubc However, these gains were heavily skewed toward high-income households living in urban districts. 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . I started working on growth theory during my PhD at MIT. Virtual. 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. Second, the refugees were allocated to rural areas and not to urban centers. Some immigration is low-skilled, some immigration is high-skilled. 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 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream View Michael Peters' profile on LinkedIn, the world's largest professional community. Michael Peters Economics Department, . ", Michael Peters & Sergei Severinov, 1995. 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. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics ", Peters, Michael & Severinov, Sergei, 2003. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. Penn State now offers a two-year program designated only for the M.A. I am an Associate Professor in the Economics Department at Yale. Michael Peters | CEPR Research. And they, luckily, had taken pictures of the old census publications, which I could digitize. Create your own unique website with customizable templates. At least three aspects of this study seem particularly context specific. Increases in per-capita income, particularly in the long run. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Michael Peters | Queen's Economics Department Is the rise of services only due to income effects or can growth be service-led? All Rights Reserved. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Michael Peters - Google Scholar His research mostly focuses on macroeconomics, economic development and growth, and international trade. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Michael Peters & Sergei Severinov, 2008. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. . Michael Peters - Contact It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Journal of Urban Economics, Volume 120, July 2022, 103454. Ming Xu. What motivated you to take on this research question? 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. Michael Peters Economics, Biology 2014 TLDR This paper provides a set of mechanisms that have the property that every outcome that can be supported as a Bayesian equilibrium in a competing mechanism game can be support as an equilibrium in reciprocal mechanisms. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Michael Porter - Wikipedia ", Peters, Michael & Severinov, Sergei, 2006. 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 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. . With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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? He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Macroeconomics Development Economics Growth. Michael Peters Economics Department, Yale University Verified email at yale.edu. In his research he focuses on economic growth and long-run economic development. Fabrizio Zilibotti - Google Scholar What are the policy implications, if any, of this research? To link different versions of the same work, where versions have a different title, use this form. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. I would love to see more quantitative work on the consequences of migration that takes such differences into account. American Economic Review. ". Most demographers expect the global population to decline starting by around 2065. 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). The findings echo Acemoglu et al. For the case of India, service-led growth was an important driver of risingliving standard. ", Peters, Michael & Severinov, Sergei, 2005. The Gains from Input Trade with Heterogeneous Importers ", Peters, Michael & Szentes, Balazs, 2009. 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. Publications by author | Yale Department of Economics Economics Department, Yale University. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. michael peters economics ubc armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Michael Peters | Yale Economic Growth Center Phone (613) 533-2250 Fax (613) 533-6668 Email https . Powered by Create your own unique website with customizable templates. 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. Columbia University. 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. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. There, details are also given on how to add or correct references and citations. Productive firms thus settle in productive. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. What are some exciting areas for further research in this area? How do local economies respond to large increases to the size of their population? 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. Box 21345, New . 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. Conor Walsh - Google Scholar We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. ", Peters, Michael & Severinov, Sergei, 1997. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. Yale. ", Michael Peters & Sergei Severinov, 2001. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Peters,M. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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 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 ", Michael Peters & Ralph A. 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). The large inflows led to persistent changes in the sectoral composition of the local economy. All material on this site has been provided by the respective publishers and authors. PDF MICHAEL PETERS A 2022 - Economics.yale.edu 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 . ", Halevy, Yoram & Peters, Michael, 2007. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Try again later. 2023 National Bureau of Economic Research. hb```f``} cf`ah`.d0 A Revelation Principle for Competing Mechanisms endstream endobj startxref 0 %%EOF 43 0 obj <>stream I think we need more work to understand what happens when the population shrinks. J Blaum, C Lelarge, M Peters. Michael Peters | Yale Department of Economics In my research I focus primarily on economic growth and long-run economic development. 6 October, 2021 4:00 pm-6:00 pm. Fabian Eckert - Google Scholar PDF Heterogeneous Markups, Growth, and Endogenous Misallocation Being from Germany myself, one hears lots of stories about the WW2 expulsion. target no need to return item. Their, This "Cited by" count includes citations to the following articles in Scholar. %PDF-1.5 % 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.
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