Research - Michael Peters 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. ", Celik, Gorkem & Peters, Michael, 2011. The large inflows led to persistent changes in the sectoral composition of the local economy. 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). 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. michael peters economics ubc Is the rise of services only due to income effects or can growth be service-led? Research Conor Walsh A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 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. In his research he focuses on economic growth and long-run economic development. Verified email at columbia.edu - Homepage. target no need to return item. I think there are so many related interesting and important questions to work on. Michael Peters - Vice President Corporate Strategy - LinkedIn 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Michael Peters | VoxDev 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). Financial Accounting, 11th Edition | Wiley ", Peters, Michael & Severinov, Sergei, 2005. There, details are also given on how to add or correct references and citations. In my research I focus primarily on economic growth and long-run economic development. Michael Peters Economics Department, Yale University Verified email at yale.edu. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com See all articles by Michael Peters Michael Peters. This particular setting is, of course, close to my heart. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. Social Menu. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Michael Peters | Cowles Foundation for Research in Economics 6 October, 2021 4:00 pm-6:00 pm. Research | montoya.econ.ubc.ca Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. And they, luckily, had taken pictures of the old census publications, which I could digitize. Box 21345, New . Articles Cited by Co-authors. Conor Walsh. Like Tweet Share. Footer Menu. Productive firms thus settle in productive. In his research he focuses on economic growth and long-run economic development. 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. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Yale. The Gains from Input Trade with Heterogeneous Importers What motivated you to take on this research question? 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 - is declining. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. fabian eckert Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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 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. Columbia University. 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. Follow. 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). Skip to main content 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. American Economic Review. Affiliation: Yale. 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. 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 this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Title. 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. 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. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation Before joining Yale University, he held a position at the London School of 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 There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Peters, Michael & Szentes, Balazs, 2009. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . What are some exciting areas for further research in this area? firm and location productivity arecomplements and labor market frictions are sufficiently large. 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. The Geography of Remote 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. Yale University - Department of Economics; Yale University - Cowles Foundation. [PDF] The End of Economic Growth? Unintended Consequences of a About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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 Sort. ", Celik, Gorkem & Peters, Michael, 2008. Peters,M. 2023 National Bureau of Economic Research. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods %PDF-1.5 % For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Phone (613) 533-2250 Fax (613) 533-6668 Email https . ", Peters, Michael & Severinov, Sergei, 1997. A minor in economics is open to students enrolled in any college. 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. 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". Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Ming Xu. I think we need more work to understand what happens when the population shrinks. "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. Michael Peters | IDEAS/RePEc Try again later. Michael Peters - Vancouver School of Economics Market Size and Spatial Growth - Evidence from Germany's Post-War Speaker(s) Location. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. For the case of India, service-led growth was an important driver of risingliving standard. The findings echo Acemoglu et al. American Economic Journal . View Michael Peters' profile on LinkedIn, the world's largest professional community. 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? I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Ufuk Akcigit - Google Scholar ". 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 ", Epstein, Larry G. & Peters, Michael, 1999. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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 So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 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 is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Cited by. Michael Peters | Queen's Economics Department What are the policy implications, if any, of this research? To what extent these findings have a direct relevance for immigration policy today, is a great question. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. [PDF] Firm Creation and Local Growth | Semantic Scholar This inflow increased the German population by almost 20%. Michael Peters & Sergei Severinov, 2008. 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. Penn State now offers a two-year program designated only for the M.A. Conor Walsh - Google Scholar interests: Trade, Economic Geography, and Macroeconomics contact: . Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . 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 In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. hb```f``} cf`ah`.d0 He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. However, these gains were heavily skewed toward high-income households living in urban districts. degree in economics. ", Halevy, Yoram & Peters, Michael, 2007. Sort by citations Sort by year Sort by title. The emergence of new cities in Rural America played a big part for this transition. Some immigration is low-skilled, some immigration is high-skilled. 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. Verified email at yale.edu. Create your own unique website with customizable templates. 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. How do local economies respond to large increases to the size of their population? The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. Powered by Create your own unique website with customizable templates. 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. 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. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. & Severinov,S., 2001. 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. Fabrizio Zilibotti - Google Scholar Michael Peters from Yale will present Spatial Structural Change. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Their, This "Cited by" count includes citations to the following articles in Scholar. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Michael Peters Economics Department, Yale University Verified email at . The first months where very discouraging because so little data seemed to have survived. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Michael Peters | Yale Economic Growth Center Michael Peters | NBER ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 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. 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. 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. I am an Associate Professor in the Economics Department at Yale. You can help correct errors and omissions. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . 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 . ", Peters, Michael & Severinov, Sergei, 2003. What were the results? 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. Title . Entrepreneurship - McGraw Hill Education 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 Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. 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. Michael Peters - Contact For general information on how to correct material on RePEc, see these instructions. 37 (2), pages 281-306, November. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space.

Court Stenographer Iii Salary Grade, Articles M