With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Cited by. Penn State now offers a two-year program designated only for the M.A. Michael Peters - Contact Welcome to my website! 2023 National Bureau of Economic Research. At least three aspects of this study seem particularly context specific. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. New Research by Michael Peters on the Economic Consequences of Refugee Ufuk Akcigit - Google Scholar Research - Michael Peters ", Peters, Michael & Severinov, Sergei, 2005. 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 Phone (613) 533-2250 Fax (613) 533-6668 Email https . Articles Cited by Co-authors. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Box 21345, New . This particular setting is, of course, close to my heart. 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. A minor in economics is open to students enrolled in any college. Productive firms thus settle in productive. Publications by author | Yale Department of Economics Like Tweet Share. Michael Peters from Yale will present Spatial Structural Change. Michael Peters, Yale - Department of Economics In this paper, I study a particular historical episode to provide direct evidence Expand 25 PDF Structural reforms to make the most of demographic change L. Mello Economics 2020 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. Michael Peters ; Michael Peters . 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. 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". 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). 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. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Sort. I am an Associate Professor in the Economics Department at Yale. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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. ", Sergei Severinov & Michael Peters, 2004. A Revelation Principle for Competing Mechanisms 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics The Geography of Remote Work . 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. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. ", Epstein, Larry G. & Peters, Michael, 1999. 180 * 2021: 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 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. 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. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. You can help correct errors and omissions. Michael Peters, Conor Walsh Published 6 November 2019 Economics Microeconomics: Production A growing body of empirical research highlights substantial changes in the US economy during the last three decades. ", Michael Peters & Ralph A. 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. Winter, 1983. Michael Peters | Yale Economic Growth Center Peters,M. The Gains from Input Trade with Heterogeneous Importers Michael Peters. Michael Peters | Cowles Foundation for Research in Economics . Social Menu. Before joining Yale University, he held a position at the London School of Economics. I think we need more work to understand what happens when the population shrinks. Economics Department, Yale University. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. ", Michael Peters & Sergei Severinov, 2008. The large inflows led to persistent changes in the sectoral composition of the local economy. Michael Peters | VoxDev 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. Fabrizio Zilibotti - Google Scholar 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). For general information on how to correct material on RePEc, see these instructions. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. January 2021 CFP 1710 Author(s) Michael Peters. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. U Akcigit, H Alp, M Peters. ", Michael Peters & Sergei Severinov, 1995. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . 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. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. ", Halevy, Yoram & Peters, Michael, 2007. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. Speaker(s) Location. However, these gains were heavily skewed toward high-income households living in urban districts. Michael Peters | NBER Michael Peters & Sergei Severinov, 2008. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Conor Walsh - Google Scholar Title. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods ", Peters, Michael & Severinov, Sergei, 1997. See all articles by Michael Peters Michael Peters. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Ming Xu. What motivated you to take on this research question? ", Peters, Michael & Severinov, Sergei, 2003. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Department of Economics. 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. To what extent these findings have a direct relevance for immigration policy today, is a great question. Michael Peters - Google Scholar 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 The first months where very discouraging because so little data seemed to have survived. The emergence of new cities in Rural America played a big part for this transition. Create your own unique website with customizable templates. Market Size and Spatial Growth - Evidence from Germany's Post-War [PDF] Firm Creation and Local Growth | Semantic Scholar As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The 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. J Blaum, C Lelarge, M Peters. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Skip to main content 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. 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. Verified email at columbia.edu - Homepage. Virtual. And they, luckily, had taken pictures of the old census publications, which I could digitize. Start your day off right, with a Dayspring Coffee To link different versions of the same work, where versions have a different title, use this form. Verified email at yale.edu. 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . What were the results? 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. ", Celik, Gorkem & Peters, Michael, 2011. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. degree in economics. Second, the refugees were allocated to rural areas and not to urban centers. Conor Walsh. 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. 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). Journal of Urban Economics, Volume 120, July 2022, 103454. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 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 . 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. 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? Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition.
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