michael peters economicsUncategorized

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. 180 * 2021: Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. 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. 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. 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 . Macroeconomics Economic Growth Urban Economics. ", Celik, Gorkem & Peters, Michael, 2008. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Speaker(s) Location. ", Peters, Michael & Severinov, Sergei, 2003. (2006). 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 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. Increases in per-capita income, particularly in the long run. hbbd``b`*@q`$3DY $,> L@)"3` 2 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. 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. Yale Department of Economics. The first months where very discouraging because so little data seemed to have survived. ", Sergei Severinov & Michael Peters, 2004. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . His research mostly focuses on macroeconomics, economic development and growth, and international trade. Michael Peters Economics Department, . 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. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Author(s) Michael Peters. Is the rise of services only due to income effects or can growth be service-led? A minor in economics is open to students enrolled in any college. 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 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. 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. U Akcigit, H Alp, M Peters. 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. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. American Economic Review 111 (1), 231-75, 2021. 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. . Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Peters,M. 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. January 2021 CFP 1710 Author(s) Michael Peters. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Powered by Create your own unique website with customizable templates. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 You can help correct errors and omissions. The findings echo Acemoglu et al. Second, the refugees were allocated to rural areas and not to urban centers. 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. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Sort by citations Sort by year Sort by title. I am an Associate Professor in the Economics Department at Yale. His research mostly focuses on macroeconomics, economic development and growth, and international trade. The large inflows led to persistent changes in the sectoral composition of the local economy. 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. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Michael Peters Economics Department, Yale University Verified email at . 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 Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Department of Economics. ", Michael Peters & Sergei Severinov, 2001. ", Michael Peters & Ralph A. The Geography of Remote Work . 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. ", Peters, Michael & Severinov, Sergei, 2005. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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. Penn State now offers a two-year program designated only for the M.A. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Conor Walsh. ", Peters, Michael & Severinov, Sergei, 2006. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Box 21345, New . Like Tweet Share. But even within the US there are vast regional differences in the type of migrants that settle in different areas. The model can be solved analytically and allows for a precise theoretical characteri-zation of the underlying determinants of market power and its macroeconomic conse-quences. For 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. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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 37 (2), pages 281-306, November. Try again later. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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. 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. . armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Social Menu. Michael Peters Economics Department, Yale University Verified email at yale.edu. Follow. I think there are so many related interesting and important questions to work on. 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. 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. & Severinov,S., 2001. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. The system can't perform the operation now. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. ", Epstein, Larry G. & Peters, Michael, 1999. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. However, these gains were heavily skewed toward high-income households living in urban districts. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Articles Cited by Co-authors. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 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. 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. 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 Title. J Blaum, C Lelarge, M Peters. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Most demographers expect the global population to decline starting by around 2065. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. American Economic Journal . My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Footer Menu. ", Halevy, Yoram & Peters, Michael, 2007. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods In his research he focuses on economic growth and long-run economic development. At least three aspects of this study seem particularly context specific. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. In his research he focuses on economic growth and long-run economic development. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Verified email at yale.edu. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. View Michael Peters' profile on LinkedIn, the world's largest professional community. ", Peters, Michael & Severinov, Sergei, 1997. [8] Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . The following articles are merged in Scholar. 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 For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. This inflow increased the German population by almost 20%. 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. Michael Peters ; Michael Peters . For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 6 October, 2021 4:00 pm-6:00 pm. Ming Xu. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Michael Peters. To what extent these findings have a direct relevance for immigration policy today, is a great question. firm and location productivity arecomplements and labor market frictions are sufficiently large. interests: Trade, Economic Geography, and Macroeconomics contact: . Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. For the case of India, service-led growth was an important driver of risingliving standard. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. What are the policy implications, if any, of this research? The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. I started working on growth theory during my PhD at MIT. 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. 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. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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 & Troncoso-Valverde, Cristian, 2010. Verified email at columbia.edu - Homepage. In my research I focus primarily on economic growth and long-run economic development. Michael Peters & Sergei Severinov, 2008. 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. 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). ". Yale. 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. Virtually all theories of economic growth predict a positive relationship between population size and productivity. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. . 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream This particular setting is, of course, close to my heart. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. All Rights Reserved. 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. Lake Milton Dam Flow Rate, Mexicali 1 Or 2 Border Crossing, How Much Is It To Rent A Quince Dress, Oracion A San Judas Tadeo Para Que Rinda El Dinero, Articles M

Welcome to . This is your first post. Edit or delete it, then start writing!