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. 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. Winter, 1983. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. How do local economies respond to large increases to the size of their population? 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. Macroeconomics Development Economics Growth. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Virtual. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. Yale. 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 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 & Sergei Severinov, 2001. 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. 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. Yale University - Department of Economics; Yale University - Cowles Foundation. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Speaker(s) Location. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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. Michael Peters Economics Department, Yale University Verified email at yale.edu. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Second, the refugees were allocated to rural areas and not to urban centers. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Some immigration is low-skilled, some immigration is high-skilled. Sort. What are the policy implications, if any, of this research? Research. 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, 2008. 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. Fabrizio Zilibotti. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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. 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. Journal of Urban Economics, Volume 120, July 2022, 103454. Verified email at columbia.edu - Homepage. 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. ", Epstein, Larry G. & Peters, Michael, 1999. ", Peters, Michael & Severinov, Sergei, 2003. For general information on how to correct material on RePEc, see these instructions. 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. "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. hb```f``} cf`ah`.d0 U Akcigit, H Alp, M Peters. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. & Severinov,S., 2001. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . American Economic Journal . Productive firms thus settle in productive. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. All Rights Reserved. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. This inflow increased the German population by almost 20%. American Economic Review. To link different versions of the same work, where versions have a different title, use this form. 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. Together with my colleague Costas Arkolakis and Sun Kyoung Lee at Michigan, we work on a project on the link between migration and economic development in the US between 1880 and 1920 where we try to carefully measure differences in innovation potential between migrants from different countries. . I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. . 6 October, 2021 4:00 pm-6:00 pm. 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. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Michael Peters ; Michael Peters . Title . For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. 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. 37 (2), pages 281-306, November. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. See all articles by Michael Peters Michael Peters. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. American Economic Review 111 (1), 231-75, 2021. . The Geography of Remote Work . Like Tweet Share. 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? With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. For the case of India, service-led growth was an important driver of risingliving standard. Social Menu. Peters,M. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. ", Halevy, Yoram & Peters, Michael, 2007. ", Sergei Severinov & Michael Peters, 2004. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. 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. degree in economics. Box 21345, New . Virtually all theories of economic growth predict a positive relationship between population size and productivity. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Phone (613) 533-2250 Fax (613) 533-6668 Email https . . I think there are so many related interesting and important questions to work on. 2023 National Bureau of Economic Research. The following articles are merged in Scholar. Ming Xu. In his research he focuses on economic growth and long-run economic development. 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 Michael Peters & Sergei Severinov, 2008. There, details are also given on how to add or correct references and citations. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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. ", Michael Peters & Ralph A. Before joining Yale University, he held a position at the London School of Economics. Macroeconomics Economic Growth Urban Economics. 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). A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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. 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. What motivated you to take on this research question? 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 Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Try again later. Michael Peters - Contact Welcome to my website! 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. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. 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. 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. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. This particular setting is, of course, close to my heart. Michael Peters from Yale will present Spatial Structural Change. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Create your own unique website with customizable templates. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Their, This "Cited by" count includes citations to the following articles in Scholar. 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). 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 Sort by citations Sort by year Sort by title. Cited by. Skip to main content Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Is the rise of services only due to income effects or can growth be service-led? 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Conor Walsh. The large inflows led to persistent changes in the sectoral composition of the local economy. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. hbbd``b`*@q`$3DY $,> L@)"3` 2 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. I think we need more work to understand what happens when the population shrinks. ", Peters, Michael & Szentes, Balazs, 2009. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 180 * 2021: This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . The findings echo Acemoglu et al. 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. Michael Peters. 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. firm and location productivity arecomplements and labor market frictions are sufficiently large. A minor in economics is open to students enrolled in any college. However, these gains were heavily skewed toward high-income households living in urban districts. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. The emergence of new cities in Rural America played a big part for this transition. 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. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. ", Michael Peters & Sergei Severinov, 1995. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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 Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. I am an Associate Professor in the Economics Department at Yale. Yale Department of Economics. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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. Author(s) Michael Peters. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Michael Peters Economics Department, . In my research I focus primarily on economic growth and long-run economic development. 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". Penn State now offers a two-year program designated only for the M.A. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). ", Peters, Michael & Severinov, Sergei, 1997. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Peters, Michael & Severinov, Sergei, 2006. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent.
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