Research. Michael Peters | CEPR ", Celik, Gorkem & Peters, Michael, 2011. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Michael Peters | Cowles Foundation for Research in Economics Financial Accounting, 11th Edition | Wiley But even within the US there are vast regional differences in the type of migrants that settle in different areas. Peters,M. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Solutions Manual - Michael Peters Start your day off right, with a Dayspring Coffee ", Peters, Michael & Severinov, Sergei, 1997. 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 Title . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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 . We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. 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. Virtual. 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. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . ", Michael Peters & Sergei Severinov, 2001. The large inflows led to persistent changes in the sectoral composition of the local economy. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Conor Walsh. U Akcigit, H Alp, M Peters. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. endstream endobj startxref 0 %%EOF 43 0 obj <>stream Michael Peters | VoxDev "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. Office Address 87 Trumbull Street, Room B221 CV Website Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). Large and persistent increase in the size of the local population; It spurred local industrialization by increasing labor in the manufacturing sector and decreasing labor in the agriculture sector; and. [8] 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 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. Sort by citations Sort by year Sort by title. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. 6 October, 2021 4:00 pm-6:00 pm. 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. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Powered by Create your own unique website with customizable templates. [PDF] A folk theorem for competing mechanisms | Semantic Scholar A Revelation Principle for Competing Mechanisms 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 Footer Menu. 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. Michael Peters | NBER 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. In my research I focus primarily on economic growth and long-run economic development. Productive firms thus settle in productive. . Publications by author | Yale Department of Economics Michael Peters | Queen's Economics Department ", Michael Peters & Sergei Severinov, 1995. Market Size and Spatial Growth - Evidence from Germany's Post-War Michael Peters ; Michael Peters . Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Fabian Eckert - Google Scholar In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. All material on this site has been provided by the respective publishers and authors. 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). 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. American Economic Review 111 (1), 231-75, 2021. [PDF] Firm Creation and Local Growth | Semantic Scholar Allen Head. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . The following articles are merged in Scholar. %PDF-1.5 % hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Penn State now offers a two-year program designated only for the M.A. I would love to see more quantitative work on the consequences of migration that takes such differences into account. Economics Department, Yale University. Box 21345, New . 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. ", Halevy, Yoram & Peters, Michael, 2007. Michael Peters | Yale Economic Growth Center With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Skip to main content Michael Peters - Vice President Corporate Strategy - LinkedIn Financial Accounting in an Economic Context - Jamie Pratt, Michael F Ufuk Akcigit - Google Scholar michael peters economics ubc Speaker(s) Location. January 2021 CFP 1710 Author(s) Michael Peters. (2006). See all articles by Michael Peters Michael Peters. Articles Cited by Co-authors. 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. 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 [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Michael Peters - Google Scholar ", Peters, Michael & Szentes, Balazs, 2009. Yale Department of Economics. For the case of India, service-led growth was an important driver of risingliving standard. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. You can help correct errors and omissions. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. The emergence of new cities in Rural America played a big part for this transition. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. ", Celik, Gorkem & Peters, Michael, 2008. A minor in economics is open to students enrolled in any college. Yale. 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, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . 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. 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 Department, . To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 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. Create your own unique website with customizable templates. 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. In his research he focuses on economic growth and long-run economic development. Michael Peters. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Cited by. Increases in per-capita income, particularly in the long run. 2023 National Bureau of Economic Research. Michael Peters Economics Department, Yale University Verified email at . . About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Michael Peters - Contact Welcome to my website! In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. All Rights Reserved. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. michael peters economics ubc Sort. 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. ", Michael Peters & Sergei Severinov, 2008. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. degree in economics. 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". 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics The first months where very discouraging because so little data seemed to have survived. 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, 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. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Michael Peters & Sergei Severinov, 2008. However, these gains were heavily skewed toward high-income households living in urban districts. His research mostly focuses on macroeconomics, economic development and growth, and international trade. I started working on growth theory during my PhD at MIT. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. American Economic Review. 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. ". hbbd``b`*@q`$3DY $,> L@)"3` 2 His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. 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. ", Peters, Michael & Severinov, Sergei, 2003. Michael Porter - Wikipedia 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. This inflow increased the German population by almost 20%. Some immigration is low-skilled, some immigration is high-skilled. This particular setting is, of course, close to my heart. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Follow. Michael Peters from Yale will present Spatial Structural Change. Fabrizio Zilibotti - Google Scholar To what extent these findings have a direct relevance for immigration policy today, is a great question. Finally, he studied the process of structural change, both in the US in the past and for present-day India, emphasizing the consequences on inequality across both people and space. EU Economic Policy and Architecture after Covid, DP13700 Firm Size, Quality Bias and Import Demand, International Trade and Regional Economics, DP12237 Firm Size and the Intensive Margin of Import Demand, DP11721 The Gains from Input Trade with Heterogeneous Importers. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation 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 [PDF] The End of Economic Growth? Unintended Consequences of a Verified email at columbia.edu - Homepage. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. ", Peters, Michael & Severinov, Sergei, 2005. 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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