michael peters economics

A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. There, details are also given on how to add or correct references and citations. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. This inflow increased the German population by almost 20%. 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. What are some exciting areas for further research in this area? 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. 6 October, 2021 4:00 pm-6:00 pm. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Yale Department of Economics. ", Halevy, Yoram & Peters, Michael, 2007. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. What motivated you to take on this research question? ", Celik, Gorkem & Peters, Michael, 2008. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Box 21345, New . 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 are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. What are the policy implications, if any, of this research? His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. Michael Peters from Yale will present Spatial Structural Change. Their, This "Cited by" count includes citations to the following articles in Scholar. The emergence of new cities in Rural America played a big part for this transition. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. ", Epstein, Larry G. & Peters, Michael, 1999. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . The system can't perform the operation now. %PDF-1.5 % , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Author(s) Michael Peters. 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). By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. 37 (2), pages 281-306, November. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. 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 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 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com How do local economies respond to large increases to the size of their population? 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. 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. ", Peters, Michael & Severinov, Sergei, 2003. hb```f``} cf`ah`.d0 The large inflows led to persistent changes in the sectoral composition of the local economy. All Rights Reserved. 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. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Economics Department, Yale University. 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. 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. 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. 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 These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. You can help correct errors and omissions. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 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? Ming Xu. Verified email at yale.edu. 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. 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. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Penn State now offers a two-year program designated only for the M.A. Like Tweet Share. Columbia University. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. To what extent these findings have a direct relevance for immigration policy today, is a great question. Increases in per-capita income, particularly in the long run. target no need to return item. Peters,M. I think there are so many related interesting and important questions to work on. 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. Second, the refugees were allocated to rural areas and not to urban centers. Title . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Create your own unique website with customizable templates. ", Peters, Michael & Severinov, Sergei, 1997. 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. However, these gains were heavily skewed toward high-income households living in urban districts. Michael Peters Economics Department, Yale University Verified email at yale.edu. Cited by. Before joining Yale University, he held a position at the London School of Economics. The first months where very discouraging because so little data seemed to have survived. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. Skip to main content 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. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 2023 National Bureau of Economic Research. Start your day off right, with a Dayspring Coffee Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Department of Economics. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Some immigration is low-skilled, some immigration is high-skilled. For the case of India, service-led growth was an important driver of risingliving standard. firm and location productivity arecomplements and labor market frictions are sufficiently large. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. The findings echo Acemoglu et al. 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. 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. I am an Associate Professor in the Economics Department at Yale. 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Footer Menu. 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. 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. 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). Being from Germany myself, one hears lots of stories about the WW2 expulsion. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. ", Celik, Gorkem & Peters, Michael, 2011. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Michael Peters Economics Department, Yale University Verified email at . We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. interests: Trade, Economic Geography, and Macroeconomics contact: . 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). Michael Peters. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 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 . A minor in economics is open to students enrolled in any college. Articles Cited by Co-authors. 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. hbbd``b`*@q`$3DY $,> L@)"3` 2 Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 ", Peters, Michael & Severinov, Sergei, 2006. Sort by citations Sort by year Sort by title. I think we need more work to understand what happens when the population shrinks. Michael Peters ; Michael Peters . Affiliation: Yale. J Blaum, C Lelarge, M Peters. 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. ", Michael Peters & Ralph A. 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. . 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. 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. . Powered by Create your own unique website with customizable templates. (2006). Follow. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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. 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. & Severinov,S., 2001. 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. Try again later. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Michael Peters Economics Department, . The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. endstream endobj startxref 0 %%EOF 43 0 obj <>stream At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. . Journal of Urban Economics, Volume 120, July 2022, 103454. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Yale University - Department of Economics; Yale University - Cowles Foundation. ", Michael Peters & Sergei Severinov, 2008. [8] View Michael Peters' profile on LinkedIn, the world's largest professional community. 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. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics U Akcigit, H Alp, M Peters. 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 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. Virtual. ". 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. Sort. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . 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. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. In my research I focus primarily on economic growth and long-run economic development. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Macroeconomics Economic Growth Urban Economics. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. . Research. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. ", Sergei Severinov & Michael Peters, 2004. 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