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", Epstein, Larry G. & Peters, Michael, 1999. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet 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. Like Tweet Share. Michael Peters | Yale Department of Economics 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. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. American Economic Review 111 (1), 231-75, 2021. Fabian Eckert - Google Scholar Michael Peters | Queen's Economics Department Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Department of Economics. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. interests: Trade, Economic Geography, and Macroeconomics contact: . Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Box 21345, New . What are some exciting areas for further research in this area? . In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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. For the case of India, service-led growth was an important driver of risingliving standard. 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. For general information on how to correct material on RePEc, see these instructions. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Research - Michael Peters Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. New Research by Michael Peters on the Economic Consequences of Refugee targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. endstream endobj startxref 0 %%EOF 43 0 obj <>stream What are the policy implications, if any, of this research? Try again later. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. [PDF] Firm Creation and Local Growth | Semantic Scholar With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Some immigration is low-skilled, some immigration is high-skilled. 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. The large inflows led to persistent changes in the sectoral composition of the local economy. Economics Department, Yale University. You can help correct errors and omissions. Penn State now offers a two-year program designated only for the M.A. Footer Menu. 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 . " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Title . Yale University - Department of Economics; Yale University - Cowles Foundation. Michael Peters | Yale Economic Growth Center Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. Start your day off right, with a Dayspring Coffee Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Conor Walsh - Google Scholar ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. ", Peters, Michael & Severinov, Sergei, 1997. I think we need more work to understand what happens when the population shrinks. And they, luckily, had taken pictures of the old census publications, which I could digitize. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. & Severinov,S., 2001. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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. Journal of Urban Economics, Volume 120, July 2022, 103454. Virtual. 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. The Gains from Input Trade with Heterogeneous Importers The emergence of new cities in Rural America played a big part for this transition. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Powered by Create your own unique website with customizable templates. 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. hbbd``b`*@q`$3DY $,> L@)"3` 2 fabian eckert Skip to main content In his work on growth and economic geography, he analyzed the long-run consequences of large-scale migration, both in post-war Germany and for the US in the 19th century. However, these gains were heavily skewed toward high-income households living in urban districts. Michael Peters - Contact Sort by citations Sort by year Sort by title. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. ", Michael Peters & Sergei Severinov, 1995. In the af- termath of the Second World War, 8 million ethnic Germans were expelled from their domiciles in Eastern Europe and transferred to West Germany. Michael Peters, Conor Walsh Economics SSRN Electronic Journal 2019 A growing body of empirical research highlights substantial changes in the US economy during the last three decades. firm and location productivity arecomplements and labor market frictions are sufficiently large. ", Michael Peters & Sergei Severinov, 2001. Entrepreneurship - McGraw Hill Education hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Peters,M. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. Phone (613) 533-2250 Fax (613) 533-6668 Email https . This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Verified email at yale.edu. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation 2023 National Bureau of Economic Research. 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. 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? His research mostly focuses on macroeconomics, economic development and growth, and international trade. michael peters economics ubc Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. I started working on growth theory during my PhD at MIT. American Economic Journal . 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. Financial Accounting, 11th Edition | Wiley Macroeconomics Development Economics Growth. degree in economics. Sort. 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 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. 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. 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. Yale Department of Economics. Columbia University. Speaker(s) Location. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. michael peters economics ubc 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). Create your own unique website with customizable templates. Conor Walsh. 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. The first months where very discouraging because so little data seemed to have survived. American Economic Review. There, details are also given on how to add or correct references and citations. 37 (2), pages 281-306, November. Affiliation: Yale. How do local economies respond to large increases to the size of their population? 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. [PDF] The End of Economic Growth? Unintended Consequences of a For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Michael Peters | VoxDev 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. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. ", Peters, Michael & Severinov, Sergei, 2003. In his research he focuses on economic growth and long-run economic development. 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. ", Celik, Gorkem & Peters, Michael, 2008. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Follow. . The Geography of Remote Work . Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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. Michael Peters Economics Department, . In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. ", Michael Peters & Ralph A. 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. 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). Michael Peters & Sergei Severinov, 2008. His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Michael Peters & Sergei Severinov, 2008. %PDF-1.5 % A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 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). Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Michael Peters | CEPR As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. 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. 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 from Yale will present Spatial Structural Change. Michael Peters. 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". Fabrizio Zilibotti - Google Scholar . 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. "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. Cited by. target no need to return item. This inflow increased the German population by almost 20%. 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. Ufuk Akcigit - Google Scholar Publications by author | Yale Department of Economics He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. ", Sergei Severinov & Michael Peters, 2004. 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 hb```f``} cf`ah`.d0 At least three aspects of this study seem particularly context specific. Michael Porter - Wikipedia My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. January 2021 CFP 1710 Author(s) Michael Peters. Michael Peters - Vice President Corporate Strategy - LinkedIn Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Ming Xu. 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 I would love to see more quantitative work on the consequences of migration that takes such differences into account. Title. 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. In my research I focus primarily on economic growth and long-run economic development. A Revelation Principle for Competing Mechanisms Michael Peters | Cowles Foundation for Research in Economics 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.
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