michael peters economics

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. 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. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Phone (613) 533-2250 Fax (613) 533-6668 Email https . The Geography of Remote Work . 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". A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. The emergence of new cities in Rural America played a big part for this transition. In his research he focuses on economic growth and long-run economic development. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. %PDF-1.5 % . What motivated you to take on this research question? This particular setting is, of course, close to my heart. 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. . Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. 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. Macroeconomics Economic Growth Urban Economics. 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. 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). 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. Journal of Urban Economics, Volume 120, July 2022, 103454. There, details are also given on how to add or correct references and citations. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. In his research he focuses on economic growth and long-run economic development. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Verified email at yale.edu. 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. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. To what extent these findings have a direct relevance for immigration policy today, is a great question. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Their, This "Cited by" count includes citations to the following articles in Scholar. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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 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. 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. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. degree in economics. I think we need more work to understand what happens when the population shrinks. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Title . targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 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. Cited by. 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. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. endstream endobj startxref 0 %%EOF 43 0 obj <>stream "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. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 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? In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Some immigration is low-skilled, some immigration is high-skilled. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. ", Celik, Gorkem & Peters, Michael, 2011. 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. In my research I focus primarily on economic growth and long-run economic development. 180 * 2021: ", Michael Peters & Sergei Severinov, 1995. 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. hb```f``} cf`ah`.d0 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. U Akcigit, H Alp, M Peters. Increases in per-capita income, particularly in the long run. The following articles are merged in Scholar. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. Research. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. For the case of India, service-led growth was an important driver of risingliving standard. 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. See all articles by Michael Peters Michael Peters. The system can't perform the operation now. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Winter, 1983. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Yale. Michael Peters Economics Department, Yale University Verified email at . 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. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . This inflow increased the German population by almost 20%. 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. The large inflows led to persistent changes in the sectoral composition of the local economy. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Verified email at columbia.edu - Homepage. I started working on growth theory during my PhD at MIT. 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 ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Allen Head. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. 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. Michael Peters Economics Department, Yale University Verified email at yale.edu. 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. ", Halevy, Yoram & Peters, Michael, 2007. Articles Cited by Co-authors. 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. 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). He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. ", Peters, Michael & Severinov, Sergei, 2003. 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. 2023 National Bureau of Economic Research. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . 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 . With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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 Title. Ming Xu. 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 At least three aspects of this study seem particularly context specific. hbbd``b`*@q`$3DY $,> L@)"3` 2 My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Speaker(s) Location. All material on this site has been provided by the respective publishers and authors. Try again later. Michael Peters & Sergei Severinov, 2008. Powered by Create your own unique website with customizable templates. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Footer Menu. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. How do local economies respond to large increases to the size of their population? Michael Peters ; Michael Peters . And they, luckily, had taken pictures of the old census publications, which I could digitize. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. ", Michael Peters & Ralph A. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. firm and location productivity arecomplements and labor market frictions are sufficiently large. 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 The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. (2006). Michael Peters Economics Department, . For general information on how to correct material on RePEc, see these instructions. 37 (2), pages 281-306, November. 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. Author(s) Michael Peters. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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. Affiliation: Yale. 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. What were the results? In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. American Economic Journal . ", Peters, Michael & Severinov, Sergei, 2005. 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. A minor in economics is open to students enrolled in any college. 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 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 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). Create your own unique website with customizable templates. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Michael Peters from Yale will present Spatial Structural Change. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. View Michael Peters' profile on LinkedIn, the world's largest professional community. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. All Rights Reserved. Department of Economics. ", Peters, Michael & Severinov, Sergei, 2006. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. 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 argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Is the rise of services only due to income effects or can growth be service-led? Before joining Yale University, he held a position at the London School of Economics. . His research mostly focuses on macroeconomics, economic development and growth, and international trade. Follow. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Productive firms thus settle in productive. American Economic Review. Michael Peters - Contact Welcome to my website! Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Second, the refugees were allocated to rural areas and not to urban centers. Columbia University. Start your day off right, with a Dayspring Coffee Box 21345, New . My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Like Tweet Share. ", Celik, Gorkem & Peters, Michael, 2008. 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. What are the policy implications, if any, of this research? A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) 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. Sort. January 2021 CFP 1710 Author(s) Michael Peters. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. & Severinov,S., 2001. His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Epstein, Larry G. & Peters, Michael, 1999. ", Michael Peters & Sergei Severinov, 2001. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Virtual. You can help correct errors and omissions. Social Menu. Conor Walsh. Skip to main content Most demographers expect the global population to decline starting by around 2065. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems.

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