Box 21345, New . We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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. 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. Follow. Michael Peters from Yale will present Spatial Structural Change. Michael Peters Economics Department, . Affiliation: Yale. 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. You can help correct errors and omissions. Cited by. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. View Michael Peters' profile on LinkedIn, the world's largest professional community. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. . & Severinov,S., 2001. The first months where very discouraging because so little data seemed to have survived. Michael Peters & Sergei Severinov, 2008. 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 Allen Head. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. For general information on how to correct material on RePEc, see these instructions. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Start your day off right, with a Dayspring Coffee American Economic Journal . 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). Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. In my research I focus primarily on economic growth and long-run economic development. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . 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. ", Peters, Michael & Szentes, Balazs, 2009. What are the policy implications, if any, of this research? 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 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. 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. 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. Yale University - Department of Economics; Yale University - Cowles Foundation. ", 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). Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 37 (2), pages 281-306, November. Some immigration is low-skilled, some immigration is high-skilled. Footer Menu. 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. What were the results? Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods January 2021 CFP 1710 Author(s) Michael Peters. Conor Walsh. Michael Peters Economics Department, Yale University Verified email at yale.edu. [8] ", Celik, Gorkem & Peters, Michael, 2011. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. The following articles are merged in Scholar. Michael Peters Economics Department, Yale University Verified email at . Yale Department of Economics. 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. 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 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. 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. (2006). 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. U Akcigit, H Alp, M Peters. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Increases in per-capita income, particularly in the long run. His research mostly focuses on macroeconomics, economic development and growth, and international trade. J Blaum, C Lelarge, M Peters. 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. 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 . 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 | 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. 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 Peters,M. For the case of India, service-led growth was an important driver of risingliving standard. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Second, the refugees were allocated to rural areas and not to urban centers. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. All Rights Reserved. The large inflows led to persistent changes in the sectoral composition of the local economy. In his research he focuses on economic growth and long-run economic development. Ming Xu. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Virtual. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Peters, Michael & Severinov, Sergei, 1997. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. American Economic Review. Michael Peters - Contact Welcome to my website! ", Epstein, Larry G. & Peters, Michael, 1999. American Economic Review 111 (1), 231-75, 2021. I think there are so many related interesting and important questions to work on. Try again later. 2023 National Bureau of Economic Research. 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. 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? Most demographers expect the global population to decline starting by around 2065. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. ", Sergei Severinov & Michael Peters, 2004. 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". My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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 example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. The Geography of Remote Work . Sort by citations Sort by year Sort by title. Like Tweet Share. Their, This "Cited by" count includes citations to the following articles 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, 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. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. ", Halevy, Yoram & Peters, Michael, 2007. I started working on growth theory during my PhD at MIT. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Michael Peters. 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. 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. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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 & Sergei Severinov, 2001. . The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. 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 Winter, 1983. 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. What motivated you to take on this research question? 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. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Title . 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. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Phone (613) 533-2250 Fax (613) 533-6668 Email https . Verified email at yale.edu. "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.



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