Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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 is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. The following articles are merged in Scholar. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . What are the policy implications, if any, of this research? . Michael Peters | IDEAS/RePEc The emergence of new cities in Rural America played a big part for this transition. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. "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. 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. ", Halevy, Yoram & Peters, Michael, 2007. Speaker(s) Location. Powered by Create your own unique website with customizable templates. Michael Peters, Yale - Department of Economics The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Articles Cited by Co-authors. View Michael Peters' profile on LinkedIn, the world's largest professional community. Michael Peters & Sergei Severinov, 2008. The Gains from Input Trade with Heterogeneous Importers 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. 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 . 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). All material on this site has been provided by the respective publishers and authors. Michael Peters | Cowles Foundation for Research in Economics 180 * 2021: Author(s) Michael Peters. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. 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. 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. Before joining Yale University, he held a position at the London School of Economics. fabian eckert So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Footer Menu. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Market Size and Spatial Growth - Evidence from Germany's Post-War 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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. All Rights Reserved. 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. This inflow increased the German population by almost 20%. A Revelation Principle for Competing Mechanisms We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. . Creative Destruction, Distance to Frontier, and Economic Development by 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. Sort. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. ", Peters, Michael & Szentes, Balazs, 2009. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Columbia University. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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. To link different versions of the same work, where versions have a different title, use this form. Social Menu. Michael Peters - Contact Welcome to my website! Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. In his research he focuses on economic growth and long-run economic development. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods What were the results? At the end of the Second World War, the governments of the United States, the United Kingdom, and Russia expelled millions of ethnic Germans from Eastern Europe and transferred them to West Germany and the Soviet Occupied Zone. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Department of Economics. Like Tweet Share. 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. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. michael peters economics ubc ", Sergei Severinov & Michael Peters, 2004. Affiliation: Yale. 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. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. Ufuk Akcigit - Google Scholar [PDF] The End of Economic Growth? Unintended Consequences of a To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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. hb```f``} cf`ah`.d0 I am an Associate Professor in the Economics Department at Yale. The large inflows led to persistent changes in the sectoral composition of the local economy. . Research - Michael Peters Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Michael Peters Economics Department, Yale University Verified email at yale.edu. Michael Peters | Queen's Economics Department PDF Heterogeneous Markups, Growth, and Endogenous Misallocation Fabrizio Zilibotti. What motivated you to take on this research question? Michael Peters Economics Department, . 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. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 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 For the case of India, service-led growth was an important driver of risingliving standard. Entrepreneurship - McGraw Hill Education I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. (2006). Winter, 1983. U Akcigit, H Alp, M Peters. A minor in economics is open to students enrolled in any college. 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. American Economic Review 111 (1), 231-75, 2021. Michael Peters | Yale Economic Growth Center Verified email at columbia.edu - Homepage. endstream endobj startxref 0 %%EOF 43 0 obj <>stream Conor Walsh - Google Scholar Start your day off right, with a Dayspring Coffee In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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). Virtually all theories of economic growth predict a positive relationship between population size and productivity. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Ming Xu. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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. 2023 National Bureau of Economic Research. 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. The findings echo Acemoglu et al. Allen Head. Skip to main content 37 (2), pages 281-306, November. firm and location productivity arecomplements and labor market frictions are sufficiently large. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. See all articles by Michael Peters Michael Peters. [PDF] Firm Creation and Local Growth | Semantic Scholar ", Peters, Michael & Severinov, Sergei, 1997. Try again later. Follow. His research mostly focuses on macroeconomics, economic development and growth, and international trade. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . The Geography of Remote Work . ", Epstein, Larry G. & Peters, Michael, 1999. 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 Fabrizio Zilibotti - Google Scholar hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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. 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. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. michael peters economics ubc ", Michael Peters & Sergei Severinov, 2008. 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 - Vice President Corporate Strategy - LinkedIn Their, This "Cited by" count includes citations to the following articles in Scholar. Solutions Manual - Michael Peters In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Create your own unique website with customizable templates. ", Michael Peters & Sergei Severinov, 2001. & Severinov,S., 2001. Michael Porter - Wikipedia 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? CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. And they, luckily, had taken pictures of the old census publications, which I could digitize. American Economic Review. Macroeconomics Development Economics Growth. 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. Research Conor Walsh ", Celik, Gorkem & Peters, Michael, 2008. [8] 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 ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 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". Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Michael Peters from Yale will present Spatial Structural Change. Finally, he studied the process of structural change, both in the US in the past and for present-day India, emphasizing the consequences on inequality across both people and space. Michael Peters | Yale Department of Economics I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 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. hbbd``b`*@q`$3DY $,> L@)"3` 2 Peters,M. This work allowed him to quantify the effect of the refugee settlement on aggregate income and study how the government policy of sending refugees to the countryside might ignite and maintain rural industrialization. To what extent these findings have a direct relevance for immigration policy today, is a great question. Michael Peters Economics Department, Yale University Verified email at . 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. 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. At least three aspects of this study seem particularly context specific. 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 for the empirical relevance of such scale effects. 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.