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. January 2021 CFP 1710 Author(s) Michael Peters. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Some immigration is low-skilled, some immigration is high-skilled. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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). firm and location productivity arecomplements and labor market frictions are sufficiently large. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Peters,M. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. Their, This "Cited by" count includes citations to the following articles in Scholar. There, details are also given on how to add or correct references and citations. endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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 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. Macroeconomics Economic Growth Urban Economics. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. ", Peters, Michael & Severinov, Sergei, 2005. 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, new paper, published in Econometrica last month, New Research by Michael Peters on the Economic Consequences of Refugee Settlements. 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 This inflow increased the German population by almost 20%. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. A minor in economics is open to students enrolled in any college. 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. All material on this site has been provided by the respective publishers and authors. Michael Peters ; Michael Peters . These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. His research mostly focuses on macroeconomics, economic development and growth, and international trade. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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". I think there are so many related interesting and important questions to work on. 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 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 . For the case of India, service-led growth was an important driver of risingliving standard. Create your own unique website with customizable templates. Virtual. Affiliation: Yale. Journal of Urban Economics, Volume 120, July 2022, 103454. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Michael Peters Economics Department, Yale University Verified email at yale.edu. 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 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 I started working on growth theory during my PhD at MIT. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. degree in economics. (2006). We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. His research mostly focuses on macroeconomics, economic development and growth, and international trade. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Michael Peters & Sergei Severinov, 2008. 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 departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Yale Department of Economics. At least three aspects of this study seem particularly context specific. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. All Rights Reserved. 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. Most demographers expect the global population to decline starting by around 2065. 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. 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. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. ", Epstein, Larry G. & Peters, Michael, 1999. 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 Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. . I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Economics Department, Yale University. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. What are the policy implications, if any, of this research? 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. Department of Economics. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . hb```f``} cf`ah`.d0 & Severinov,S., 2001. U Akcigit, H Alp, M Peters. However, these gains were heavily skewed toward high-income households living in urban districts. Michael Peters - Contact Welcome to my website! At the end of the Second World War, the governments of the United States, the United Kingdom, and Russia expelled millions of ethnic Germans from Eastern Europe and transferred them to West Germany and the Soviet Occupied Zone. The large inflows led to persistent changes in the sectoral composition of the local economy. Winter, 1983. 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. . " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Yale. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . ", Celik, Gorkem & Peters, Michael, 2008. hbbd``b`*@q`$3DY $,> L@)"3` 2 In his research he focuses on economic growth and long-run economic development. . Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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 many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. ", Celik, Gorkem & Peters, Michael, 2011. 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. 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. View Michael Peters' profile on LinkedIn, the world's largest professional community. ". It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. I am an Associate Professor in the Economics Department at Yale. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 2023 National Bureau of Economic Research. Verified email at columbia.edu - Homepage. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. The following articles are merged in Scholar. In my research I focus primarily on economic growth and long-run economic development. Macroeconomics Development Economics Growth. 180 * 2021: ", Peters, Michael & Severinov, Sergei, 1997. What motivated you to take on this research question? To what extent these findings have a direct relevance for immigration policy today, is a great question. 37 (2), pages 281-306, November. Articles Cited by Co-authors. ", Sergei Severinov & Michael Peters, 2004. Before joining Yale University, he held a position at the London School of Economics. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. I would love to see more quantitative work on the consequences of migration that takes such differences into account. The findings echo Acemoglu et al. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Try again later. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Skip to main content 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). 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. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. ", Michael Peters & Sergei Severinov, 2001. . interests: Trade, Economic Geography, and Macroeconomics contact: . Verified email at yale.edu. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. 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. 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. The emergence of new cities in Rural America played a big part for this transition. 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 . Productive firms thus settle in productive. 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. 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. Allen Head. 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. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Columbia University. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition.
