Michael Peters - Vice President Corporate Strategy - LinkedIn We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. This particular setting is, of course, close to my heart. 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 Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. ", Peters, Michael & Severinov, Sergei, 2003. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Conor Walsh. Powered by Create your own unique website with customizable templates. American Economic Journal . The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. I am an Associate Professor in the Economics Department at Yale.
Michael Peters | Cowles Foundation for Research in Economics 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. American Economic Review 111 (1), 231-75, 2021. For the case of India, service-led growth was an important driver of risingliving standard. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic .
Michael Peters. Columbia University. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining.
Research | montoya.econ.ubc.ca 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. Productive firms thus settle in productive. hbbd``b`*@q`$3DY $,> L@)"3` 2 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.
Entrepreneurship - McGraw Hill Education "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. Yale Department of Economics. ", Peters, Michael & Severinov, Sergei, 2005. How do local economies respond to large increases to the size of their population?
Michael Peters | Yale Economic Growth Center His research mostly focuses on macroeconomics, economic development and growth, and international trade. All Rights Reserved. American Economic Review. Michael Peters & Sergei Severinov, 2008.
Michael Porter - Wikipedia 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. Footer Menu.
[PDF] The End of Economic Growth? Unintended Consequences of a 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 Winter, 1983. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth.
Michael Peters | Queen's Economics Department [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The Michael Peters | Yale Department of Economics U Akcigit, H Alp, M Peters. A minor in economics is open to students enrolled in any college. %PDF-1.5
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Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . All material on this site has been provided by the respective publishers and authors.
New Research by Michael Peters on the Economic Consequences of Refugee This inflow increased the German population by almost 20%. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 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. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca.
fabian eckert Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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 & Ralph A. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. 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. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. You can help correct errors and omissions. ". hb```f``} cf`ah`.d0 CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. ", Michael Peters & Sergei Severinov, 2008. & Severinov,S., 2001. Fabrizio Zilibotti. Social Menu. What are some exciting areas for further research in this area?
Fabrizio Zilibotti - Google Scholar Macroeconomics Development Economics Growth. ", Peters, Michael & Szentes, Balazs, 2009. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Michael Peters Economics Department, .
Conor Walsh - Google Scholar Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Economics Department, Yale University. . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER.
michael peters economics ubc 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. 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 - Contact Welcome to my website! 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. Before joining Yale University, he held a position at the London School of Economics. 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. 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. 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. Skip to main content
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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. 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. 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. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . 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. 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. 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. Like Tweet Share. For general information on how to correct material on RePEc, see these instructions. Increases in per-capita income, particularly in the long run. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. The first months where very discouraging because so little data seemed to have survived. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 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. ", Halevy, Yoram & Peters, Michael, 2007. 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). " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER.
Michael Peters | NBER By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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. 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. And they, luckily, had taken pictures of the old census publications, which I could digitize. degree in economics. The findings echo Acemoglu et al. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 2023 National Bureau of Economic Research.
", Epstein, Larry G. & Peters, Michael, 1999. Speaker(s) Location. .
[PDF] Firm Creation and Local Growth | Semantic Scholar Phone (613) 533-2250 Fax (613) 533-6668 Email https . In his research he focuses on economic growth and long-run economic development. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, The Gains from Input Trade with Heterogeneous Importers, American Economic Journal: Macroeconomics, Heterogeneous Markups, Growth, and Endogenous Misallocation, Cowles Foundation for Research in Economics, Yale Federal Statistical Research Data Center. Michael Peters 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 I think there are so many related interesting and important questions to work on. The large inflows led to persistent changes in the sectoral composition of the local economy. ", Celik, Gorkem & Peters, Michael, 2011.
Michael Peters - Google Scholar The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE).
Financial Accounting in an Economic Context - Jamie Pratt, Michael F 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).
Solutions Manual - Michael Peters Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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. Macroeconomics Economic Growth Urban Economics. hWR8~}aU)$pnf[=dXdf3
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p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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. 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.
Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Research. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. To what extent these findings have a direct relevance for immigration policy today, is a great question. Box 21345, New . The system can't perform the operation now. 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. 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. Sort. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Yale.
Michael Peters - Vancouver School of Economics Affiliation: Yale. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. In his research he focuses on economic growth and long-run economic development. 37 (2), pages 281-306, November. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Follow. Penn State now offers a two-year program designated only for the M.A. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Start your day off right, with a Dayspring Coffee
I am an Assistant Professor at the Department of Economics at the University of California, San Diego. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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. Title . The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. ", Celik, Gorkem & Peters, Michael, 2008. Some immigration is low-skilled, some immigration is high-skilled. 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. 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. 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). 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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. Peters,M. ", Sergei Severinov & Michael Peters, 2004. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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 - Contact Articles Cited by Co-authors. Michael Peters from Yale will present Spatial Structural Change. Try again later. View Michael Peters' profile on LinkedIn, the world's largest professional community. Michael Peters ; Michael Peters . The following articles are merged in Scholar.
Market Size and Spatial Growth - Evidence from Germany's Post-War Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Department of Economics. 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. 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.
Publications by author | Yale Department of Economics A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 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. ", Peters, Michael & Severinov, Sergei, 2006. In my research I focus primarily on economic growth and long-run economic development. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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
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. However, these gains were heavily skewed toward high-income households living in urban districts. firm and location productivity arecomplements and labor market frictions are sufficiently large. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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.
The Gains from Input Trade with Heterogeneous Importers But even within the US there are vast regional differences in the type of migrants that settle in different areas. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. (2006). Michael Peters Economics Department, Yale University Verified email at yale.edu. 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 .