michael peters economics

Create your own unique website with customizable templates. ", Peters, Michael & Severinov, Sergei, 2003. Journal of Urban Economics, Volume 120, July 2022, 103454. The large inflows led to persistent changes in the sectoral composition of the local economy. To link different versions of the same work, where versions have a different title, use this form. 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. %PDF-1.5 % American Economic Review 111 (1), 231-75, 2021. Affiliation: Yale. Second, the refugees were allocated to rural areas and not to urban centers. Yale. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. Title . Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Start your day off right, with a Dayspring Coffee He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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 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. 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. In my research I focus primarily on economic growth and long-run economic development. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. 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? Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. Michael Peters - Contact Welcome to my website! 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. You can help correct errors and omissions. View Michael Peters' profile on LinkedIn, the world's largest professional community. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. . ", Sergei Severinov & Michael Peters, 2004. firm and location productivity arecomplements and labor market frictions are sufficiently large. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . This inflow increased the German population by almost 20%. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Michael Peters, Conor Walsh 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. [8] I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. Department of Economics. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Box 21345, New . target no need to return item. 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. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Michael Peters | Yale Economic Growth Center Home People Michael Peters Faculty Associate Professor of Economics Contact P. 203-436-8475 E. m.peters@yale.edu Expertise Development Economics, International Trade, Macroeconomics Website Download C.V. At least three aspects of this study seem particularly context specific. 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. 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, 2001. Columbia University. Peters,M. 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. Some immigration is low-skilled, some immigration is high-skilled. All material on this site has been provided by the respective publishers and authors. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . 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. Social Menu. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. ", Michael Peters & Sergei Severinov, 2008. What motivated you to take on this research question? Sort by citations Sort by year Sort by title. 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. & Severinov,S., 2001. I think there are so many related interesting and important questions to work on. Macroeconomics Economic Growth Urban Economics. Follow. Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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. The findings echo Acemoglu et al. Michael Peters Economics Department, Yale University Verified email at yale.edu. The Geography of Remote Work . Try again later. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. "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. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Conor Walsh. Like Tweet Share. 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. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Verified email at columbia.edu - Homepage. Michael Peters Economics Department, . Sort. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. endstream endobj startxref 0 %%EOF 43 0 obj <>stream His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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). 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. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. How do local economies respond to large increases to the size of their population? Economics Department, Yale University. Yale University - Department of Economics; Yale University - Cowles Foundation. 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). Allen Head. 180 * 2021: Is the rise of services only due to income effects or can growth be service-led? Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Virtual. ", Michael Peters & Sergei Severinov, 1995. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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. 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. The first months where very discouraging because so little data seemed to have survived. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. American Economic Review. 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 . 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods To what extent these findings have a direct relevance for immigration policy today, is a great question. In his research he focuses on economic growth and long-run economic development. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. See all articles by Michael Peters Michael Peters. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. ", Celik, Gorkem & Peters, Michael, 2008. degree in economics. (2006). 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. 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. Verified email at yale.edu. 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. Increases in per-capita income, particularly in the long run. 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. Most demographers expect the global population to decline starting by around 2065. American Economic Journal . So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. The following articles are merged in Scholar. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . 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. 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. In his research he focuses on economic growth and long-run economic development. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Michael Peters & Sergei Severinov, 2008. And they, luckily, had taken pictures of the old census publications, which I could digitize. What were the results? For general information on how to correct material on RePEc, see these instructions. Michael Peters Economics Department, Yale University Verified email at . Research. The emergence of new cities in Rural America played a big part for this transition. Author(s) Michael Peters. 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. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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 Being from Germany myself, one hears lots of stories about the WW2 expulsion. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Productive firms thus settle in productive. 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. Skip to main content 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. ", Peters, Michael & Severinov, Sergei, 2006. 2023 National Bureau of Economic Research. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Michael Peters. 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. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. I think we need more work to understand what happens when the population shrinks. Powered by Create your own unique website with customizable templates. 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. J Blaum, C Lelarge, M Peters. ", Peters, Michael & Severinov, Sergei, 1997. 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 & Ralph A. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. ". There, details are also given on how to add or correct references and citations. interests: Trade, Economic Geography, and Macroeconomics contact: . It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. ", Celik, Gorkem & Peters, Michael, 2011. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. hb```f``} cf`ah`.d0 Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . 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.