michael peters economics

", Celik, Gorkem & Peters, Michael, 2011. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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. 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. The Geography of Remote Work . U Akcigit, H Alp, M Peters. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. The findings echo Acemoglu et al. 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. Some immigration is low-skilled, some immigration is high-skilled. Economics Department, Yale University. Journal of Urban Economics, Volume 120, July 2022, 103454. At least three aspects of this study seem particularly context specific. 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 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. Michael Peters Economics Department, Yale University Verified email at yale.edu. 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". ", Halevy, Yoram & Peters, Michael, 2007. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. To what extent these findings have a direct relevance for immigration policy today, is a great question. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Is the rise of services only due to income effects or can growth be service-led? 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. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Verified email at yale.edu. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. This inflow increased the German population by almost 20%. 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. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . ", Sergei Severinov & Michael Peters, 2004. I would love to see more quantitative work on the consequences of migration that takes such differences into account. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Fabrizio Zilibotti. Sort by citations Sort by year Sort by title. Footer Menu. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. What motivated you to take on this research question? Follow. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. The large inflows led to persistent changes in the sectoral composition of the local economy. American Economic Review. Yale. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics ", Celik, Gorkem & Peters, Michael, 2008. 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). Start your day off right, with a Dayspring Coffee In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Michael Peters ; Michael Peters . Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . . Winter, 1983. However, these gains were heavily skewed toward high-income households living in urban districts. 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. 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. & Severinov,S., 2001. 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream J Blaum, C Lelarge, M Peters. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. For general information on how to correct material on RePEc, see these instructions. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Like Tweet Share. 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 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. 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? For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 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. 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. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Yale 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, 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. 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. 2023 National Bureau of Economic Research. Department of 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. Most demographers expect the global population to decline starting by around 2065. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. 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). Cited by. 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. You can help correct errors and omissions. In my research I focus primarily on economic growth and long-run economic development. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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. endstream endobj startxref 0 %%EOF 43 0 obj <>stream ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 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. How do local economies respond to large increases to the size of their population? January 2021 CFP 1710 Author(s) Michael Peters. target no need to return item. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. (2006). ", Michael Peters & Sergei Severinov, 1995. ", Epstein, Larry G. & Peters, Michael, 1999. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 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. The following articles are merged in Scholar. Author(s) Michael Peters. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . ", Peters, Michael & Severinov, Sergei, 2006. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Skip to main content 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. Affiliation: Yale. 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. 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 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. Productive firms thus settle in productive. ", Peters, Michael & Severinov, Sergei, 2005. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. The first months where very discouraging because so little data seemed to have survived. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. American Economic Review 111 (1), 231-75, 2021. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. And they, luckily, had taken pictures of the old census publications, which I could digitize. Research. . Macroeconomics Development Economics Growth. 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 Macroeconomics Economic Growth Urban Economics. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. What are some exciting areas for further research in this area? A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Increases in per-capita income, particularly in the long run. Michael Peters - Contact Welcome to my website! 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. To link different versions of the same work, where versions have a different title, use this form. These mass migrations also led to a long-term increase in income-per-capita for the aggregate economy: a 10 percent increase in the share of refugees increased income per capita by roughly 56 percent after 15 years, and roughly 12 percent after 25 years. 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. 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. Penn State now offers a two-year program designated only for the M.A. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. ", Michael Peters & Sergei Severinov, 2001. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. For the case of India, service-led growth was an important driver of risingliving standard. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. What were the results? Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods Articles Cited by Co-authors. 180 * 2021: 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. Title . At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. hb```f``} cf`ah`.d0 Virtually all theories of economic growth predict a positive relationship between population size and productivity. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 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. Before joining Yale University, he held a position at the London School of Economics. American Economic Journal . Michael Peters & Sergei Severinov, 2008. Conor Walsh. [8] Second, the refugees were allocated to rural areas and not to urban centers. The system can't perform the operation now. 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.

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