Their, This "Cited by" count includes citations to the following articles in Scholar. ", Peters, Michael & Szentes, Balazs, 2009. ", Peters, Michael & Severinov, Sergei, 2006. This particular setting is, of course, close to my heart. Title . 6 October, 2021 4:00 pm-6:00 pm. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. At least three aspects of this study seem particularly context specific. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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. . This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. His research mostly focuses on macroeconomics, economic development and growth, and international trade. What are some exciting areas for further research in this area? Journal of Urban Economics, Volume 120, July 2022, 103454. Try again later. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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). 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. And they, luckily, had taken pictures of the old census publications, which I could digitize. Michael Peters ; Michael Peters . To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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. How do local economies respond to large increases to the size of their population? The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 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. Productive firms thus settle in productive. In his research he focuses on economic growth and long-run economic development. All material on this site has been provided by the respective publishers and authors. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Michael Peters Economics Department, Yale University Verified email at yale.edu. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. I think we need more work to understand what happens when the population shrinks. ", Peters, Michael & Severinov, Sergei, 2003. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. J Blaum, C Lelarge, M Peters. Start your day off right, with a Dayspring Coffee 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics You can help correct errors and omissions. Follow. However, these gains were heavily skewed toward high-income households living in urban districts. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Articles Cited by Co-authors. Social Menu. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. The large inflows led to persistent changes in the sectoral composition of the local economy. Economics Department, Yale University. 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. 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. See all articles by Michael Peters Michael Peters. American Economic Review 111 (1), 231-75, 2021. This inflow increased the German population by almost 20%. All Rights Reserved. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods Box 21345, New . 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 ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . The Geography of Remote Work . Sort by citations Sort by year Sort by title. 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 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. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Sort. 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. endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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. In his research he focuses on economic growth and long-run economic development. Virtual. He has worked on theories of firm-dynamics, highlighting the role of markups for misallocation, the importance of managerial delegation for firm growth, and the consequences of falling population growth. This 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. 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. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Michael Peters. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. . What were the results? Conor Walsh. 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. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. 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. hb```f``} cf`ah`.d0 Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Footer Menu. 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 . Author(s) Michael Peters. ", Michael Peters & Sergei Severinov, 2001. Michael Peters Economics Department, Yale University Verified email at . The first months where very discouraging because so little data seemed to have survived. American Economic Journal . 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 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. To link different versions of the same work, where versions have a different title, use this form. Michael Peters & Sergei Severinov, 2008. For the case of India, service-led growth was an important driver of risingliving standard. What are the policy implications, if any, of this research? 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. 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. 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? About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Yale Department of Economics. 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. firm and location productivity arecomplements and labor market frictions are sufficiently large. 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. 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). 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 View Michael Peters' profile on LinkedIn, the world's largest professional community. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. The emergence of new cities in Rural America played a big part for this transition. Yale. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. 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). Verified email at columbia.edu - Homepage. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. The system can't perform the operation now. In my research I focus primarily on economic growth and long-run economic development. ", Michael Peters & Sergei Severinov, 2008. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . But even within the US there are vast regional differences in the type of migrants that settle in different areas. What motivated you to take on this research question? 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. 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. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Research. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Before joining Yale University, he held a position at the London School of Economics. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Like Tweet Share. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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. 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). 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. 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. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Cited by. Yale University - Department of Economics; Yale University - Cowles Foundation. I think there are so many related interesting and important questions to work on. Michael Peters - Contact Welcome to my website! 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, 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. Michael Peters from Yale will present Spatial Structural Change. degree in economics. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. U Akcigit, H Alp, M Peters. 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. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. Create your own unique website with customizable templates. Michael Peters Economics Department, . ", Sergei Severinov & Michael Peters, 2004. Columbia University. 2023 National Bureau of Economic Research. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. (2006). Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. ", Michael Peters & Sergei Severinov, 1995. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. 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. 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. Second, the refugees were allocated to rural areas and not to urban centers. American Economic Review. Increases in per-capita income, particularly in the long run. 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. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Michael Peters, Yale - Department of Economics Michael Peters, Yale Home Michael Peters, Yale When September 18, 2017 4:00 pm -5:30 pm Where 613 Kern Michael Peters from Yale will present "Spatial Structural Change". I started working on growth theory during my PhD at MIT. Department of Economics. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Allen Head. target no need to return item. To what extent these findings have a direct relevance for immigration policy today, is a great question. 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.
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