To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Yale. interests: Trade, Economic Geography, and Macroeconomics contact: . 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 departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. All material on this site has been provided by the respective publishers and authors. 6 October, 2021 4:00 pm-6:00 pm. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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. U Akcigit, H Alp, M Peters. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. You can help correct errors and omissions. 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. 180 * 2021: Michael Peters Economics Department, Yale University Verified email at yale.edu. . Allen Head. ", Michael Peters & Sergei Severinov, 1995. However, these gains were heavily skewed toward high-income households living in urban districts. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. To link different versions of the same work, where versions have a different title, use this form. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Phone (613) 533-2250 Fax (613) 533-6668 Email https . . 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. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. A six-time winner of the McKinsey Award for the best Harvard Business Review article of the year, Professor Porter is the most cited author in business and economics. MICHAEL PETERS 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 ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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. Title. Winter, 1983. (2006). 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. Increases in per-capita income, particularly in the long run. hb```f``} cf`ah`.d0 Peters,M. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Speaker(s) Location. Verified email at columbia.edu - Homepage. There, details are also given on how to add or correct references and citations. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. & Severinov,S., 2001. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. For general information on how to correct material on RePEc, see these instructions. J Blaum, C Lelarge, M Peters. 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. 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 & Szentes, Balazs, 2009. His research mostly focuses on macroeconomics, economic development and growth, and international trade. The findings echo Acemoglu et al. 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. Title . Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. Macroeconomics Economic Growth Urban Economics. In his research he focuses on economic growth and long-run economic development. degree in economics. 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 ", Peters, Michael & Severinov, Sergei, 2006. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. To what extent these findings have a direct relevance for immigration policy today, is a great question. January 2021 CFP 1710 Author(s) Michael 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. . In my research I focus primarily on economic growth and long-run economic development. 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). %PDF-1.5 % He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Michael Peters from Yale will present Spatial Structural Change. 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. Box 21345, New . American Economic Journal . 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. Before joining Yale University, he held a position at the London School of Economics. Virtual. endstream endobj startxref 0 %%EOF 43 0 obj <>stream What motivated you to take on this research question? Skip to main content In his research he focuses on economic growth and long-run economic development. Professors Peters new paper, published in Econometrica last month, explores a particular historical setting to provide direct evidence for the empirical relevance of these effects. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 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. 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. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Conor Walsh. I think we need more work to understand what happens when the population shrinks. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . firm and location productivity arecomplements and labor market frictions are sufficiently large. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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 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. Try again later. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. 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. The large inflows led to persistent changes in the sectoral composition of the local economy. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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). Economics Department, Yale University. Productive firms thus settle in productive. What are some exciting areas for further research in this area? Michael Peters - Contact Welcome to my website! ", Celik, Gorkem & Peters, Michael, 2008. Ming Xu. 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. Columbia University. I am also a research affiliate at the CEPR 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. Research. This inflow increased the German population by almost 20%. ", Sergei Severinov & Michael Peters, 2004. [8] Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. 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. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Cited by. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 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. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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. Social Menu. Yale Department of Economics. ". 37 (2), pages 281-306, November. Michael Peters Economics Department, Yale University Verified email at . 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. ", Halevy, Yoram & Peters, Michael, 2007. Follow. The US is clearly the prime example of a country that was able to attract high-skilled migrants for a good part of the last 150 years. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. In his work on growth and economic geography, he analyzed the long-run consequences of large-scale migration, both in post-war Germany and for the US in the 19th century. Verified email at yale.edu. This particular setting is, of course, close to my heart. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. New research by Yale Economist Michael Peters suggests that a large refugee settlement after World War II had three important consequences: Large and persistent increase in the size of the local population; It spurred local industrialization by increasing labor in the manufacturing sector and decreasing labor in the agriculture sector; and The 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. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 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. Second, the refugees were allocated to rural areas and not to urban centers. 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? Michael Peters Economics Department, . Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. "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. Start your day off right, with a Dayspring Coffee Most demographers expect the global population to decline starting by around 2065. Michael Peters ; Michael Peters . 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 the case of India, service-led growth was an important driver of risingliving standard. 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 At least three aspects of this study seem particularly context specific. 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. 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. 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". I am an Associate Professor in the Economics Department at Yale. Journal of Urban Economics, Volume 120, July 2022, 103454. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 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. Fabrizio Zilibotti. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Affiliation: Yale. 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history.