For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. I think we need more work to understand what happens when the population shrinks. Michael Peters & Sergei Severinov, 2008. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The interests: Trade, Economic Geography, and Macroeconomics contact: . 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. Start your day off right, with a Dayspring Coffee . ", Michael Peters & Sergei Severinov, 2008. & Severinov,S., 2001. At least three aspects of this study seem particularly context specific. Michael Peters Economics Department, . Michael Peters | CEPR michael peters economics ubc With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. (2006). ", Peters, Michael & Severinov, Sergei, 2003. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Title . 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Phone (613) 533-2250 Fax (613) 533-6668 Email https . Skip to main content The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 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 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. Research. 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. 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. See all articles by Michael Peters Michael Peters. 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 - Vancouver School of Economics Box 21345, New . Michael Peters, Yale - Department of Economics At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. target no need to return item. 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. What were the results? Verified email at columbia.edu - Homepage. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from 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). I am an Assistant Professor at the Department of Economics at the University of California, San Diego. fabian eckert Try again later. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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 Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Articles Cited by Co-authors. A minor in economics is open to students enrolled in any college. ", Peters, Michael & Severinov, Sergei, 2005. The Geography of Remote Work . Creative Destruction, Distance to Frontier, and Economic Development by 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". All Rights Reserved. In his research he focuses on economic growth and long-run economic development. 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. U Akcigit, H Alp, M Peters. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . To link different versions of the same work, where versions have a different title, use this form. Columbia University. Market Size and Spatial Growth - Evidence from Germany's Post-War 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. endstream endobj startxref 0 %%EOF 43 0 obj <>stream Ufuk Akcigit - Google Scholar 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. Fabian Eckert - Google Scholar American Economic Review 111 (1), 231-75, 2021. 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. 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? By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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). Entrepreneurship - McGraw Hill Education To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. ". firm and location productivity arecomplements and labor market frictions are sufficiently large. The first months where very discouraging because so little data seemed to have survived. And they, luckily, had taken pictures of the old census publications, which I could digitize. Virtually all theories of economic growth predict a positive relationship between population size and productivity. In my research I focus primarily on economic growth and long-run economic development. 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 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. Financial Accounting in an Economic Context - Jamie Pratt, Michael F 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. Conor Walsh - Google Scholar First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . 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. 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 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. . ", Peters, Michael & Severinov, Sergei, 2006. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Solutions Manual - Michael Peters ", Halevy, Yoram & Peters, Michael, 2007. All material on this site has been provided by the respective publishers and authors. 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. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Penn State now offers a two-year program designated only for the M.A. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. I think there are so many related interesting and important questions to work on. degree in economics. 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 Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Follow. [PDF] Firm Creation and Local Growth | Semantic Scholar Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Michael Peters & Ralph A. 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. Powered by Create your own unique website with customizable templates. 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). 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . [8] 6 October, 2021 4:00 pm-6:00 pm. However, these gains were heavily skewed toward high-income households living in urban districts. Sort by citations Sort by year Sort by title. 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. Michael Peters. Department of Economics. To what extent these findings have a direct relevance for immigration policy today, is a great question. American Economic Review. I am an Associate Professor in the Economics Department at Yale. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Their, This "Cited by" count includes citations to the following articles in Scholar. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. 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. Productive firms thus settle in productive. Conor Walsh. Research | montoya.econ.ubc.ca Michael Peters | Cowles Foundation for Research in Economics My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Like Tweet Share. There, details are also given on how to add or correct references and citations. The findings echo Acemoglu et al. Michael Peters | IDEAS/RePEc 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. Michael Peters | Queen's Economics Department Macroeconomics Development Economics Growth. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Increases in per-capita income, particularly in the long run. 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. 37 (2), pages 281-306, November. 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. 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. 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. Yale Department of Economics. Fabrizio Zilibotti - Google Scholar What are the policy implications, if any, of this research? 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. hbbd``b`*@q`$3DY $,> L@)"3` 2 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. Speaker(s) Location. 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. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. ", Michael Peters & Sergei Severinov, 2001. Allen Head. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. ", Sergei Severinov & Michael Peters, 2004. What are some exciting areas for further research in this area? View Michael Peters' profile on LinkedIn, the world's largest professional community. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Create your own unique website with customizable templates. New Research by Michael Peters on the Economic Consequences of Refugee 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. Yale University - Department of Economics; Yale University - Cowles Foundation. Most demographers expect the global population to decline starting by around 2065. michael peters economics ubc ", Peters, Michael & Severinov, Sergei, 1997. . 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 is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. Michael Peters | NBER Author(s) Michael Peters. Michael Peters - Contact Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. American Economic Journal . Michael Peters Economics Department, Yale University Verified email at yale.edu. "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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 180 * 2021: 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. The system can't perform the operation now. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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. 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. hb```f``} cf`ah`.d0 ", Celik, Gorkem & Peters, Michael, 2008. %PDF-1.5 % 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. What motivated you to take on this research question? January 2021 CFP 1710 Author(s) Michael Peters. 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. 2023 National Bureau of Economic Research. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation Affiliation: Yale. 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Financial Accounting, 11th Edition | Wiley The large inflows led to persistent changes in the sectoral composition of the local economy. How do local economies respond to large increases to the size of their population? Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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 The Gains from Input Trade with Heterogeneous Importers Michael Peters | Yale Department of Economics In his research he focuses on economic growth and long-run economic development. Michael Peters - Google Scholar My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. I started working on growth theory during my PhD at MIT. The following articles are merged in Scholar. Social Menu. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. J Blaum, C Lelarge, M Peters. Ming Xu. Publications by author | Yale Department of Economics Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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.
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