michael peters economics
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. . ", Peters, Michael & Severinov, Sergei, 2005. 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. Peters,M. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation I think we need more work to understand what happens when the population shrinks. Research - Michael Peters I started working on growth theory during my PhD at MIT. January 2021 CFP 1710 Author(s) Michael Peters. Before joining Yale University, he held a position at the London School of Economics. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Most demographers expect the global population to decline starting by around 2065. Solutions Manual - Michael Peters He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. What are the policy implications, if any, of this research? Fabrizio Zilibotti - Google Scholar Second, the refugees were allocated to rural areas and not to urban centers. Research | montoya.econ.ubc.ca Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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. 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. 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. 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. 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. [8] Michael Peters | Yale Department of Economics Cited by. ", Michael Peters & Sergei Severinov, 2001. The findings echo Acemoglu et al. firm and location productivity arecomplements and labor market frictions are sufficiently large. What were the results? I am an Associate Professor in the Economics Department at Yale. Productive firms thus settle in productive. 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. Their, This "Cited by" count includes citations to the following articles in Scholar. Entrepreneurship - McGraw Hill Education ", Peters, Michael & Szentes, Balazs, 2009. ", Peters, Michael & Severinov, Sergei, 2003. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. For general information on how to correct material on RePEc, see these instructions. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. degree in 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. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . "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. The following articles are merged in Scholar. 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. Michael Peters | IDEAS/RePEc We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Michael Peters | VoxDev His research mostly focuses on macroeconomics, economic development and growth, and international trade. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Market Size and Spatial Growth - Evidence from Germany's Post-War My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. ", Michael Peters & Sergei Severinov, 2008. 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 michael peters economics ubc 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. Michael Peters - Vice President Corporate Strategy - LinkedIn Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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. I think there are so many related interesting and important questions to work on. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. hb```f``} cf`ah`.d0 Michael Peters - Google Scholar Start your day off right, with a Dayspring Coffee New Research by Michael Peters on the Economic Consequences of Refugee 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 By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Peters. Winter, 1983. 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. 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 His research mostly focuses on macroeconomics, economic development and growth, and international trade. Research. Yale University - Department of Economics; Yale University - Cowles Foundation. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Michael Peters - Contact Welcome to my website! Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Articles Cited by Co-authors. 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 American Economic Review 111 (1), 231-75, 2021. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 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. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. To what extent these findings have a direct relevance for immigration policy today, is a great question. Macroeconomics Economic Growth Urban Economics. 180 * 2021: ", Michael Peters & Sergei Severinov, 1995. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. In his research he focuses on economic growth and long-run economic development. 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. Ufuk Akcigit - Google Scholar 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. In my research I focus primarily on economic growth and long-run economic development. 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. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. 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. The first months where very discouraging because so little data seemed to have survived. ", Epstein, Larry G. & Peters, Michael, 1999. Being from Germany myself, one hears lots of stories about the WW2 expulsion. There, details are also given on how to add or correct references and citations. 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. Department of Economics. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. michael peters economics ubc Publications by author | Yale Department of Economics With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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. & Severinov,S., 2001. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. MICHAEL PETERS AUGUST 2022 Contact Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 eMail: [email protected] Academic Appointments 2021-2022 Visiting Scholar, New York University Stern School of Business 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream [PDF] Firm Creation and Local Growth | Semantic Scholar 2023 National Bureau of Economic Research. Professor email [email protected] 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. Virtual. Social Menu. Conor Walsh - Google Scholar 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Allen Head. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. (2006). Sort by citations Sort by year Sort by title. 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. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. U Akcigit, H Alp, M Peters. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Affiliation: Yale. ", Celik, Gorkem & Peters, Michael, 2011. Michael Peters - Contact ", Sergei Severinov & Michael Peters, 2004. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. How do local economies respond to large increases to the size of their population? 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. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Michael Peters | Cowles Foundation for Research in Economics Michael Peters - Vancouver School of Economics Michael Peters & Sergei Severinov, 2008. 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. Verified email at yale.edu. Sort. This inflow increased the German population by almost 20%. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Yale. 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. Some immigration is low-skilled, some immigration is high-skilled. To link different versions of the same work, where versions have a different title, use this form. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Ming Xu. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. For the case of India, service-led growth was an important driver of risingliving standard. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Michael Peters Economics Department, Yale University Verified email at . Increases in per-capita income, particularly in the long run. Michael Porter - Wikipedia To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Yale Department of Economics. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Box 21345, New . Michael Peters | Queen's Economics Department 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. Follow. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The Powered by Create your own unique website with customizable templates. Journal of Urban Economics, Volume 120, July 2022, 103454. 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 Economics Department, . Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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. 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 from Yale will present Spatial Structural Change. 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 & Troncoso-Valverde, Cristin, 2013. Financial Accounting, 11th Edition | Wiley Penn State now offers a two-year program designated only for the M.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). ", Peters, Michael & Severinov, Sergei, 1997. Creative Destruction, Distance to Frontier, and Economic Development by . This particular setting is, of course, close to my heart. 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 | Yale Economic Growth Center Home People Michael Peters Faculty Associate Professor of Economics Contact P. 203-436-8475 E. [email protected] Expertise Development Economics, International Trade, Macroeconomics Website Download C.V. fabian eckert Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Title . 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. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Economics Department, Yale University. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. interests: Trade, Economic Geography, and Macroeconomics contact: . hbbd``b`*@q`$3DY $,> L@)"3` 2 Michael Peters | CEPR So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. ", Halevy, Yoram & Peters, Michael, 2007. 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". Michael Peters | NBER 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. A minor in economics is open to students enrolled in any college. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . 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. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). See all articles by Michael Peters Michael Peters. 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.