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Skip to main content Michael Peters | IDEAS/RePEc 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. Box 21345, New . To what extent these findings have a direct relevance for immigration policy today, is a great question. Before joining Yale University, he held a position at the London School of Economics. 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. American Economic Review. ", Halevy, Yoram & Peters, Michael, 2007. Peters,M. Michael Porter - Wikipedia A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 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 Published 1 October 2021 Economics SSRN Electronic Journal Virtually all theories of economic growth predict a positive relationship between population size and productivity. The first months where very discouraging because so little data seemed to have survived. Michael Peters Economics Department, Yale University Verified email at yale.edu. All material on this site has been provided by the respective publishers and authors. ", Peters, Michael & Severinov, Sergei, 2006. Start your day off right, with a Dayspring Coffee His research mostly focuses on macroeconomics, economic development and growth, and international trade. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Michael Peters Economics Department, Yale University Verified email at . Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. target no need to return item. 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 American Economic Journal . Articles Cited by Co-authors. Macroeconomics Economic Growth Urban Economics. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. The following articles are merged in Scholar. I think there are so many related interesting and important questions to work on. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. Footer Menu. michael peters economics ubc ". This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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 | Cowles Foundation for Research in Economics Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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. 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. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. ", Sergei Severinov & Michael Peters, 2004. 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. 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 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. 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. 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. 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. The Geography of Remote Work . For the case of India, service-led growth was an important driver of risingliving standard. Fabrizio Zilibotti. 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. Title . 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. ", Celik, Gorkem & Peters, Michael, 2011. Publications by author | Yale Department of Economics I am also a research affiliate at the CEPR 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). View Michael Peters' profile on LinkedIn, the world's largest professional community. 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). ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. & Severinov,S., 2001. 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. J Blaum, C Lelarge, M Peters. Try again later. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Like Tweet Share. There, details are also given on how to add or correct references and citations. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. "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. Yale. 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 . 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. 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. ", Michael Peters & Sergei Severinov, 1995. hb```f``} cf`ah`.d0 What were the results? . 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Michael Peters & Sergei Severinov, 2008. Michael Peters | CEPR 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. 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). Create your own unique website with customizable templates. All Rights Reserved. Michael Peters | Yale Economic Growth Center Sort by citations Sort by year Sort by title. See all articles by Michael Peters Michael Peters. Most demographers expect the global population to decline starting by around 2065. 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. The large inflows led to persistent changes in the sectoral composition of the local economy. 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". At least three aspects of this study seem particularly context specific. For general information on how to correct material on RePEc, see these instructions. Research | montoya.econ.ubc.ca [PDF] A folk theorem for competing mechanisms | Semantic Scholar A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. The findings echo Acemoglu et al. [PDF] Firm Creation and Local Growth | Semantic Scholar Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 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 & Szentes, Balazs, 2009. 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. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. ", Michael Peters & Sergei Severinov, 2008. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. You can help correct errors and omissions. Michael Peters, Yale - Department of Economics Cited by. Michael Peters | VoxDev ", Michael Peters & Ralph A. (2006). degree in economics. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. . Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Research. Market Size and Spatial Growth - Evidence from Germany's Post-War By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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. Fabrizio Zilibotti - Google Scholar Conor Walsh - Google Scholar To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. endstream endobj startxref 0 %%EOF 43 0 obj <>stream Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Fabian Eckert - Google Scholar There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Michael Peters ; Michael Peters . Virtual. ", Peters, Michael & Severinov, Sergei, 1997. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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 Ufuk Akcigit - Google Scholar Social Menu. Second, the refugees were allocated to rural areas and not to urban centers. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 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. PDF MICHAEL PETERS A 2022 - Economics.yale.edu Verified email at columbia.edu - Homepage. New Research by Michael Peters on the Economic Consequences of Refugee . Michael Peters - Contact 6 October, 2021 4:00 pm-6:00 pm. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation 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. michael peters economics ubc Increases in per-capita income, particularly in the long run. Title. January 2021 CFP 1710 Author(s) Michael Peters. Macroeconomics Development Economics Growth. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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. 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. Research Conor Walsh Winter, 1983. 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. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Penn State now offers a two-year program designated only for the M.A. Yale Department of Economics. But even within the US there are vast regional differences in the type of migrants that settle in different areas. The emergence of new cities in Rural America played a big part for this transition. Allen Head. His research mostly focuses on macroeconomics, economic development and growth, and international trade. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Michael Peters | Queen's Economics Department 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. I started working on growth theory during my PhD at MIT. interests: Trade, Economic Geography, and Macroeconomics contact: . What are the policy implications, if any, of this research? [PDF] The End of Economic Growth? Unintended Consequences of a ", Epstein, Larry G. & Peters, Michael, 1999. This inflow increased the German population by almost 20%. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. To link different versions of the same work, where versions have a different title, use this form. This particular setting is, of course, close to my heart. Entrepreneurship - McGraw Hill Education How do local economies respond to large increases to the size of their population? Michael Peters from Yale will present Spatial Structural Change. 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. In my research I focus primarily on economic growth and long-run economic development. Michael Peters Economics Department, . 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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. Creative Destruction, Distance to Frontier, and Economic Development by 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. 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 Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Financial Accounting, 11th Edition | Wiley 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. Department of Economics.

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