You can help correct errors and omissions. Increases in per-capita income, particularly in the long run. The large inflows led to persistent changes in the sectoral composition of the local economy. ", Epstein, Larry G. & Peters, Michael, 1999. American Economic Review. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. Some immigration is low-skilled, some immigration is high-skilled. The system can't perform the operation now. Verified email at columbia.edu - Homepage. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Macroeconomics Development Economics Growth. Michael Peters Economics Department, Yale University Verified email at yale.edu. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Michael Peters - Vice President Corporate Strategy - LinkedIn It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . hbbd``b`*@q`$3DY $,> L@)"3` 2 J Blaum, C Lelarge, M Peters. 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. Fabian Eckert - Google Scholar 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. All Rights Reserved. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. What motivated you to take on this research question? Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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Michael Peters - Contact interests: Trade, Economic Geography, and Macroeconomics contact: . Like Tweet Share. Michael Peters - Vancouver School of Economics The first months where very discouraging because so little data seemed to have survived. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 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. American Economic Journal . To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Financial Accounting in an Economic Context - Jamie Pratt, Michael F In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Department of Economics. 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. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. New Research by Michael Peters on the Economic Consequences of Refugee %PDF-1.5 % 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. 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 Entrepreneurship - McGraw Hill Education 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). 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. ", Halevy, Yoram & Peters, Michael, 2007. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. For general information on how to correct material on RePEc, see these instructions. Michael Peters ; Michael Peters . View Michael Peters' profile on LinkedIn, the world's largest professional community. Michael Peters | CEPR And they, luckily, had taken pictures of the old census publications, which I could digitize. Winter, 1983. Box 21345, New . Allen Head. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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). January 2021 CFP 1710 Author(s) Michael Peters. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. Cited by. Michael Peters. 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. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Productive firms thus settle in productive. Sort by citations Sort by year Sort by title. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. I would love to see more quantitative work on the consequences of migration that takes such differences into account. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. A minor in economics is open to students enrolled in any college. Try again later. 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. The Geography of Remote Work . About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 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. ", Peters, Michael & Severinov, Sergei, 2003. Start your day off right, with a Dayspring Coffee His research mostly focuses on macroeconomics, economic development and growth, and international trade. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Journal of Urban Economics, Volume 120, July 2022, 103454. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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). ", Sergei Severinov & Michael Peters, 2004. 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. Michael Peters | NBER 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 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. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Research - Michael Peters For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . fabian eckert Peters,M. 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). Research | montoya.econ.ubc.ca Michael Peters, Yale - Department of Economics 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. Market Size and Spatial Growth - Evidence from Germany's Post-War 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 . [8] Fabrizio Zilibotti - Google Scholar This particular setting is, of course, close to my heart. I started working on growth theory during my PhD at MIT. Before joining Yale University, he held a position at the London School of Economics. ". 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. 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. 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. ", Peters, Michael & Severinov, Sergei, 2005. Author(s) Michael Peters. 180 * 2021: 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. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Peters, Michael & Szentes, Balazs, 2009. ", Peters, Michael & Severinov, Sergei, 1997. American Economic Review 111 (1), 231-75, 2021. 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. 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. Is the rise of services only due to income effects or can growth be service-led? I think there are so many related interesting and important questions to work on. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 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. degree in economics. & Severinov,S., 2001. Yale. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Footer Menu. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Economics Department, Yale University. Michael Peters - Google Scholar Michael Peters | Cowles Foundation for Research in Economics endstream endobj startxref 0 %%EOF 43 0 obj <>stream michael peters economics ubc What are some exciting areas for further research in this area? 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. Conor Walsh. Create your own unique website with customizable templates. This inflow increased the German population by almost 20%. . targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Creative Destruction, Distance to Frontier, and Economic Development by The following articles are merged in Scholar. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Title . 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. Michael Peters - Contact Welcome to my website! PDF Heterogeneous Markups, Growth, and Endogenous Misallocation [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The However, these gains were heavily skewed toward high-income households living in urban districts. (2006). ", Michael Peters & Sergei Severinov, 2008. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . U Akcigit, H Alp, M Peters. The emergence of new cities in Rural America played a big part for this transition. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Affiliation: Yale. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. . Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Michael Peters | Yale Economic Growth Center 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. 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. Michael Porter - Wikipedia 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. 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. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. Research. There, details are also given on how to add or correct references and citations. [PDF] The End of Economic Growth? Unintended Consequences of a ", Michael Peters & Sergei Severinov, 1995. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. The Gains from Input Trade with Heterogeneous Importers 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 I am an Associate Professor in the Economics Department at Yale. . 6 October, 2021 4:00 pm-6:00 pm. Title. Their, This "Cited by" count includes citations to the following articles in Scholar. 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. 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 | VoxDev Virtual. 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.