michael peters economics

Like Tweet Share. 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. Start your day off right, with a Dayspring Coffee The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Before joining Yale University, he held a position at the London School of Economics. Skip to main content Macroeconomics Development Economics Growth. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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). 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? Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Michael Peters. Ming Xu. Michael Peters ; Michael Peters . Box 21345, New . , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. ", Michael Peters & Ralph A. Department of Economics. 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. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . What were the results? ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. How do local economies respond to large increases to the size of their population? 2023 National Bureau of Economic Research. ", Celik, Gorkem & Peters, Michael, 2011. American Economic Review. 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. hb```f``} cf`ah`.d0 With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Speaker(s) Location. 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). 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods ", Peters, Michael & Severinov, Sergei, 1997. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. The findings echo Acemoglu et al. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Title . All material on this site has been provided by the respective publishers and authors. Allen Head. At least three aspects of this study seem particularly context specific. 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 interests: Trade, Economic Geography, and Macroeconomics contact: . 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 CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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. You can help correct errors and omissions. 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 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. 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 . . It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . target no need to return item. The first months where very discouraging because so little data seemed to have survived. %PDF-1.5 % 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. . Michael Peters & Sergei Severinov, 2008. ", Celik, Gorkem & Peters, Michael, 2008. 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. 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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. This inflow increased the German population by almost 20%. 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. 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 Sort by citations Sort by year Sort by title. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. What are some exciting areas for further research in this area? Michael Peters from Yale will present Spatial Structural Change. His research mostly focuses on macroeconomics, economic development and growth, and international trade. See all articles by Michael Peters Michael Peters. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. . 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. ", Peters, Michael & Severinov, Sergei, 2005. & Severinov,S., 2001. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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. [8] 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". Sort. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Peters, Michael & Szentes, Balazs, 2009. 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 January 2021 CFP 1710 Author(s) Michael Peters. Is the rise of services only due to income effects or can growth be service-led? ", Halevy, Yoram & Peters, Michael, 2007. Author(s) Michael Peters. 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 Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. 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. All Rights Reserved. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Fabrizio Zilibotti. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. The emergence of new cities in Rural America played a big part for this transition. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 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. There, details are also given on how to add or correct references and citations. The system can't perform the operation now. Yale. Peters,M. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Columbia University. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Michael Peters Economics Department, Yale University Verified email at . ", Epstein, Larry G. & Peters, Michael, 1999. 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. 180 * 2021: ". Michael Peters - Contact Welcome to my website! Cited by. Conor Walsh. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. I think we need more work to understand what happens when the population shrinks. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . He received his PhD from the Massachusetts Institute of Technology (MIT) and held an Assistant Professor position at the London School of Economics before joining Yale. Michael Peters, 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream View Michael Peters' profile on LinkedIn, the world's largest professional community. Follow. But even within the US there are vast regional differences in the type of migrants that settle in different areas. What are the policy implications, if any, of this research? 37 (2), pages 281-306, November. Try again later. A minor in economics is open to students enrolled in any college. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. 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. Footer Menu. . 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. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. The following articles are merged in Scholar. ", Michael Peters & Sergei Severinov, 2001. 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. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. firm and location productivity arecomplements and labor market frictions are sufficiently large. I would love to see more quantitative work on the consequences of migration that takes such differences into account. Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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. Second, the refugees were allocated to rural areas and not to urban centers. 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. What motivated you to take on this research question? And they, luckily, had taken pictures of the old census publications, which I could digitize. 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 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). In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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). Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. 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 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. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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. 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 Economics Department, Yale University Verified email at yale.edu. Economics Department, Yale University. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita.

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