michael peters economicsmichael peters economics

A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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 endstream endobj startxref 0 %%EOF 43 0 obj <>stream target no need to return item. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. PDF MICHAEL PETERS A 2022 - Economics.yale.edu 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. [8] Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Virtual. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Being from Germany myself, one hears lots of stories about the WW2 expulsion. [PDF] The End of Economic Growth? Unintended Consequences of a 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. Create your own unique website with customizable templates. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods ", Peters, Michael & Szentes, Balazs, 2009. I think we need more work to understand what happens when the population shrinks. Department of Economics. %PDF-1.5 % 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. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Social Menu. To link different versions of the same work, where versions have a different title, use this form. Research | montoya.econ.ubc.ca New Research by Michael Peters on the Economic Consequences of Refugee Michael Peters | IDEAS/RePEc 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. 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). Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Verified email at columbia.edu - Homepage. Peters,M. 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 - Contact At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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. Phone (613) 533-2250 Fax (613) 533-6668 Email https . Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. 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 Economics Department, . 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. 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. Michael Peters - Vancouver School of Economics 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Michael Porter - Wikipedia 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. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. American Economic Journal . By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. ", Epstein, Larry G. & Peters, Michael, 1999. 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. . I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Fabrizio Zilibotti. 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. 2023 National Bureau of Economic Research. 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. 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. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Yale University - Department of Economics; Yale University - Cowles Foundation. 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. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Ming Xu. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. fabian eckert 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. ", Celik, Gorkem & Peters, Michael, 2008. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. . . For general information on how to correct material on RePEc, see these instructions. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Sort. What are some exciting areas for further research in this area? The following articles are merged in Scholar. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Michael Peters, Yale - 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. See all articles by Michael Peters Michael Peters. Research. The large inflows led to persistent changes in the sectoral composition of the local economy. 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. 37 (2), pages 281-306, November. Fabian Eckert - Google Scholar Conor Walsh - Google Scholar Most demographers expect the global population to decline starting by around 2065. 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. 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). . And they, luckily, had taken pictures of the old census publications, which I could digitize. 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. degree in economics. [PDF] Firm Creation and Local Growth | Semantic Scholar ". 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 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 . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. I think there are so many related interesting and important questions to work on. The findings echo Acemoglu et al. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. You can help correct errors and omissions. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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 Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. J Blaum, C Lelarge, M Peters. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. This inflow increased the German population by almost 20%. Michael Peters | Yale Economic Growth Center In his research he focuses on economic growth and long-run economic development. Sort by citations Sort by year Sort by title. Like Tweet Share. Macroeconomics Development Economics Growth. 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Michael Peters | Cowles Foundation for Research in Economics He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Michael Peters & Sergei Severinov, 1995. Title . Powered by Create your own unique website with customizable templates. 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. 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. In my research I focus primarily on economic growth and long-run economic development. 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). American Economic Review 111 (1), 231-75, 2021. For the case of India, service-led growth was an important driver of risingliving standard. Michael Peters from Yale will present Spatial Structural Change. 6 October, 2021 4:00 pm-6:00 pm. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Articles Cited by Co-authors. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . His research mostly focuses on macroeconomics, economic development and growth, and international trade. His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Michael Peters & Sergei Severinov, 2001. Creative Destruction, Distance to Frontier, and Economic Development by & Severinov,S., 2001. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Michael Peters | CEPR Michael Peters - Vice President Corporate Strategy - LinkedIn What were the results? Columbia University. Box 21345, New . ", Peters, Michael & Severinov, Sergei, 1997. The emergence of new cities in Rural America played a big part for this transition. Speaker(s) Location. January 2021 CFP 1710 Author(s) Michael Peters. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Michael Peters - Contact Welcome to my website! Ufuk Akcigit - Google Scholar targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. 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. Entrepreneurship - McGraw Hill Education Footer Menu. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. interests: Trade, Economic Geography, and Macroeconomics contact: . ", Peters, Michael & Severinov, Sergei, 2006. 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. 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. All material on this site has been provided by the respective publishers and authors. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 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. 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. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. However, these gains were heavily skewed toward high-income households living in urban districts. Yale Department of Economics. Solutions Manual - Michael Peters Journal of Urban Economics, Volume 120, July 2022, 103454. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 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. What are the policy implications, if any, of this research? Winter, 1983. At least three aspects of this study seem particularly context specific. 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 The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. 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 Geography of Remote Work . [PDF] A folk theorem for competing mechanisms | Semantic Scholar Author(s) Michael Peters. Michael Peters | Yale Department of Economics Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Conor Walsh. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Productive firms thus settle in productive. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Michael Peters Economics Department, Yale University Verified email at . To what extent these findings have a direct relevance for immigration policy today, is a great question. Cited by. ", Sergei Severinov & Michael Peters, 2004. How do local economies respond to large increases to the size of their population? The system can't perform the operation now. 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. 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. 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. 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. 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. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. Michael Peters Economics Department, Yale University Verified email at yale.edu. Increases in per-capita income, particularly in the long run. Market Size and Spatial Growth - Evidence from Germany's Post-War [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The
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