michael peters economics

We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 2023 National Bureau of Economic Research. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Yale Department of Economics. 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 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). Affiliation: Yale. ", Halevy, Yoram & Peters, Michael, 2007. ", Peters, Michael & Severinov, Sergei, 2005. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. . New research by Yale Economist Michael Peters suggests that a large refugee settlement after World War II had three important consequences: Large and persistent increase in the size of the local population; It spurred local industrialization by increasing labor in the manufacturing sector and decreasing labor in the agriculture sector; and J. Blaum, Claire Lelarge, Michael Peters Published 1 December 2016 Economics ERN: Microeconometric Models of Firm Behavior in Open Economies (Topic) Firms differ substantially in their participation in foreign input markets. His research mostly focuses on macroeconomics, economic development and growth, and international trade. And they, luckily, had taken pictures of the old census publications, which I could digitize. (2006). Journal of Urban Economics, Volume 120, July 2022, 103454. hbbd``b`*@q`$3DY $,> L@)"3` 2 Title. Sort. ", Michael Peters & Sergei Severinov, 1995. I started working on growth theory during my PhD at MIT. The system can't perform the operation now. Yale. 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. ", Sergei Severinov & Michael Peters, 2004. 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, 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. 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. Before joining Yale University, he held a position at the London School of Economics. Some immigration is low-skilled, some immigration is high-skilled. 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. See all articles by Michael Peters Michael Peters. ", Celik, Gorkem & Peters, Michael, 2011. Verified email at columbia.edu - Homepage. ", Michael Peters & Ralph A. The ones marked, American Economic Journal: Macroeconomics 10 (4), 77-127, Journal of International Economics 120, 59-83, New articles related to this author's research, Research Assistant Professor of Economics, Boston University, Department of Economics, University of Chicago, Tuntex Professor of International and Development Economics, Yale University, Professor of Economics, London School of Economics, Professor of Economics, INSEAD, London School of Economics and College de France, Heterogeneous Markups, Growth, and Endogenous Misallocation, The gains from input trade with heterogeneous importers, Lack of selection and limits to delegation: firm dynamics in developing countries, Market size and spatial growth-evidence from germanys post-war population expulsions, Firm size, quality bias and import demand, A method to construct geographical crosswalks with an application to us counties since 1790, Growing Like India: The Unequal Effects of Service-Led Growth, Solutions manual for introduction to modern economic growth, European immigrants and the United States rise to the technological frontier, Creative Destruction, Distance to Frontier, and Economic Development, Sprouting Cities: How Rural America Industrialized, Discussion of The Matthew effectand market concentration: Search complementarities and monopsony power by Fernndez-Villaverde, Mandelman, Yu and Zanetti. "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 is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Fabrizio Zilibotti. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Verified email at yale.edu. You can help correct errors and omissions. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. In his research he focuses 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 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 I think we need more work to understand what happens when the population shrinks. Research. . 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. 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. 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. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. To link different versions of the same work, where versions have a different title, use this form. January 2021 CFP 1710 Author(s) Michael Peters. 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. Their, This "Cited by" count includes citations to the following articles in Scholar. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . ", Peters, Michael & Severinov, Sergei, 2003. Michael Peters & Sergei Severinov, 2008. Michael Peters Economics Department, Yale University Verified email at yale.edu. ", Epstein, Larry G. & Peters, Michael, 1999. 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. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 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. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Cited by. endstream endobj startxref 0 %%EOF 43 0 obj <>stream I am an Assistant Professor at the Department of Economics at the University of California, San Diego. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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). What are the policy implications, if any, of this research? . Increases in per-capita income, particularly in the long run. 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. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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. 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. 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. ", Peters, Michael & Szentes, Balazs, 2009. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. 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. Michael Peters Economics Department, Yale University Verified email at . Phone (613) 533-2250 Fax (613) 533-6668 Email https . [8] & Severinov,S., 2001. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. ", Michael Peters & Sergei Severinov, 2001. Michael Peters, Conor Walsh Economics SSRN Electronic Journal 2019 A growing body of empirical research highlights substantial changes in the US economy during the last three decades. 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. At least three aspects of this study seem particularly context specific. Michael Peters from Yale will present Spatial Structural Change. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 6 October, 2021 4:00 pm-6:00 pm. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Second, the refugees were allocated to rural areas and not to urban centers. 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. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. For general information on how to correct material on RePEc, see these instructions. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. Author(s) Michael Peters. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . J Blaum, C Lelarge, M Peters. Michael Peters - Contact Welcome to my website! To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. I think there are so many related interesting and important questions to work on. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Box 21345, New . The emergence of new cities in Rural America played a big part for this transition. Michael Peters. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods degree in economics. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. The following articles are merged in Scholar. 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. What were the results? Virtual. 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 department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. I am an Associate Professor in the Economics Department at Yale. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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 Like Tweet Share. ". 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 , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. To what extent these findings have a direct relevance for immigration policy today, is a great question. 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. Peters,M. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. firm and location productivity arecomplements and labor market frictions are sufficiently large. 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. 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. 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 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. 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. 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. 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Follow. The large inflows led to persistent changes in the sectoral composition of the local economy. 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 ; Michael Peters . It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. This particular setting is, of course, close to my heart. 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 . In his research he focuses on economic growth and long-run economic development. 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. . In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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". Skip to main content %PDF-1.5 % 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. Powered by Create your own unique website with customizable templates. In my research I focus primarily on economic growth and long-run economic development. target no need to return item. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Title . The Geography of Remote Work . 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. Footer Menu. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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 ", Michael Peters & Sergei Severinov, 2008. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. A minor in economics is open to students enrolled in any college. 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). ", Celik, Gorkem & Peters, Michael, 2008. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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.

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