Their, This "Cited by" count includes citations to the following articles in Scholar. 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. Research | montoya.econ.ubc.ca Fabrizio Zilibotti - Google Scholar ", Peters, Michael & Severinov, Sergei, 2005. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 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. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Research - Michael Peters There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 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 Ufuk Akcigit - Google Scholar 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 would love to see more quantitative work on the consequences of migration that takes such differences into account. Verified email at yale.edu. To link different versions of the same work, where versions have a different title, use this form. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Is the rise of services only due to income effects or can growth be service-led? 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 The Geography of Remote Work . firm and location productivity arecomplements and labor market frictions are sufficiently large. Start your day off right, with a Dayspring Coffee Journal of Urban Economics, Volume 120, July 2022, 103454. Michael Peters | Yale Economic Growth Center 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. 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. American Economic Journal . A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. interests: Trade, Economic Geography, and Macroeconomics contact: . What are some exciting areas for further research in this area? Conor Walsh - Google Scholar . For general information on how to correct material on RePEc, see these instructions. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. All material on this site has been provided by the respective publishers and authors. ", Epstein, Larry G. & Peters, Michael, 1999. ", Sergei Severinov & Michael Peters, 2004. (2006). All Rights Reserved. Author(s) Michael Peters. 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). Articles Cited by Co-authors. Fabian Eckert - Google Scholar Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Penn State now offers a two-year program designated only for the M.A. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Affiliation: Yale. 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. ", Celik, Gorkem & Peters, Michael, 2008. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. This inflow increased the German population by almost 20%. Second, the refugees were allocated to rural areas and not to urban centers. 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Michael Peters - Vice President Corporate Strategy - LinkedIn " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Peters,M. 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. 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). targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Professors Peters new paper, published in Econometrica last month, explores a particular historical setting to provide direct evidence for the empirical relevance of these effects. In his research he focuses on economic growth and long-run economic development. 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. 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. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Michael Peters. 2023 National Bureau of Economic Research. 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. Phone (613) 533-2250 Fax (613) 533-6668 Email https . American Economic Review 111 (1), 231-75, 2021. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. New Research by Michael Peters on the Economic Consequences of Refugee [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The What are the policy implications, if any, of this research? . Michael Peters from Yale will present Spatial Structural Change. 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. Entrepreneurship - McGraw Hill Education 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. Financial Accounting, 11th Edition | Wiley Solutions Manual - Michael Peters For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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. 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? Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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). View Michael Peters' profile on LinkedIn, the world's largest professional community. 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. Like Tweet Share. I started working on growth theory during my PhD at MIT. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 6 October, 2021 4:00 pm-6:00 pm. I think we need more work to understand what happens when the population shrinks. See all articles by Michael Peters Michael Peters. J Blaum, C Lelarge, M Peters. Michael Peters, Yale - Department of Economics Michael Peters Economics Department, . Michael Peters | Yale Department of Economics , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . [PDF] A folk theorem for competing mechanisms | Semantic Scholar Michael Peters | VoxDev michael peters economics ubc In his research he focuses on economic growth and long-run economic development. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. The system can't perform the operation now. January 2021 CFP 1710 Author(s) Michael Peters. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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. "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. Sort by citations Sort by year Sort by title. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Michael Peters & Sergei Severinov, 2008. . 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. Publications by author | Yale Department of Economics Michael Peters | IDEAS/RePEc 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. 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. I think there are so many related interesting and important questions to work on. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Michael Peters Economics Department, Yale University Verified email at . Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Fabrizio Zilibotti. ", Michael Peters & Sergei Severinov, 1995. 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. Create your own unique website with customizable templates. Yale University - Department of Economics; Yale University - Cowles Foundation. U Akcigit, H Alp, M Peters. [PDF] Firm Creation and Local Growth | Semantic Scholar target no need to return item. Virtual. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. What were the results? 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. Research Conor Walsh 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. Cited by. Most demographers expect the global population to decline starting by around 2065. However, these gains were heavily skewed toward high-income households living in urban districts. hb```f``} cf`ah`.d0 Before joining Yale University, he held a position at the London School of Economics. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. ", Peters, Michael & Szentes, Balazs, 2009. 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. The following articles are merged in Scholar. Some immigration is low-skilled, some immigration is high-skilled. Try again later. Productive firms thus settle in productive. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. fabian eckert Michael Peters ; Michael Peters . Macroeconomics Development Economics Growth. 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 . The first months where very discouraging because so little data seemed to have survived. 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. [8] 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. For the case of India, service-led growth was an important driver of risingliving standard. ". Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Winter, 1983. 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 Speaker(s) Location. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Yale Department of Economics. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Allen Head. ", Peters, Michael & Severinov, Sergei, 1997. What motivated you to take on this research question? Creative Destruction, Distance to Frontier, and Economic Development by I am an Assistant Professor at the Department of Economics at the University of California, San Diego. 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". 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. Increases in per-capita income, particularly in the long run. 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 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). Columbia University. Follow. You can help correct errors and omissions. 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. 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 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. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. michael peters economics ubc Social Menu. Box 21345, New . endstream endobj startxref 0 %%EOF 43 0 obj <>stream ", Halevy, Yoram & Peters, Michael, 2007. 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. Department of Economics. ", Michael Peters & Sergei Severinov, 2001. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. . Michael Peters - Contact 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.