Most demographers expect the global population to decline starting by around 2065. A minor in economics is open to students enrolled in any college. 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. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. What are some exciting areas for further research in this area? ", Sergei Severinov & Michael Peters, 2004. I think we need more work to understand what happens when the population shrinks. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. The large inflows led to persistent changes in the sectoral composition of the local economy. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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). 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. Author(s) Michael Peters. The system can't perform the operation now. I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. All Rights Reserved. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 2023 National Bureau of Economic Research. Penn State now offers a two-year program designated only for the M.A. Michael Peters Economics Department, Yale University Verified email at . Economics Department, Yale University. I am an Associate Professor in the Economics Department at Yale. To link different versions of the same work, where versions have a different title, use this form. Powered by Create your own unique website with customizable templates. Peters,M. 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). 37 (2), pages 281-306, November. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. 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. 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. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. At least three aspects of this study seem particularly context specific. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Some immigration is low-skilled, some immigration is high-skilled. What motivated you to take on this research question? Michael Peters. What are the policy implications, if any, of this research? Michael Peters from Yale will present Spatial Structural Change. 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 Verified email at yale.edu. Like Tweet Share. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Their, This "Cited by" count includes citations to the following articles in Scholar. ", Epstein, Larry G. & Peters, Michael, 1999. Box 21345, New . Michael Peters Economics Department, . "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. 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. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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. hb```f``} cf`ah`.d0 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 develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. American Economic Review 111 (1), 231-75, 2021. Productive firms thus settle in productive. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. His research mostly focuses on macroeconomics, economic development and growth, and international trade. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. [8] Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Sort by citations Sort by year Sort by title. 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 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. All material on this site has been provided by the respective publishers and authors. ", Michael Peters & Sergei Severinov, 2008. 180 * 2021: 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 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 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. . Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 6 October, 2021 4:00 pm-6:00 pm. 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. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Second, the refugees were allocated to rural areas and not to urban centers. ", Celik, Gorkem & Peters, Michael, 2008. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Title . ", Michael Peters & Sergei Severinov, 1995. Increases in per-capita income, particularly in the long run. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. & Severinov,S., 2001. 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. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. The following articles are merged in Scholar. . Is the rise of services only due to income effects or can growth be service-led? 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. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Virtual. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Michael Peters & Sergei Severinov, 2008. There, details are also given on how to add or correct references and citations. This particular setting is, of course, close to my heart. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. 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. 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. Yale University - Department of Economics; Yale University - Cowles Foundation. The findings echo Acemoglu et al. Create your own unique website with customizable templates. 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". degree in economics. January 2021 CFP 1710 Author(s) Michael Peters. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. To what extent these findings have a direct relevance for immigration policy today, is a great question. 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. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. interests: Trade, Economic Geography, and Macroeconomics contact: . ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. View Michael Peters' profile on LinkedIn, the world's largest professional community. ", Michael Peters & Ralph A. J Blaum, C Lelarge, M Peters. Title. American Economic Journal . Office Address 87 Trumbull Street, Room B221 CV Website Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). 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. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. 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. (2006). . 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. U Akcigit, H Alp, M Peters. Follow. The Geography of Remote Work . Sort. 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. Ming Xu. ". ", Michael Peters & Sergei Severinov, 2001. 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). target no need to return item. Fabrizio Zilibotti. Winter, 1983. Try again later. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Cited by. 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. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. However, these gains were heavily skewed toward high-income households living in urban districts. endstream endobj startxref 0 %%EOF 43 0 obj <>stream I am an Assistant Professor at the Department of Economics at the University of California, San Diego. In his research he focuses on economic growth and long-run economic development. 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 Yale. The first months where very discouraging because so little data seemed to have survived. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 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. 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . In his research he focuses on economic growth and long-run economic development. Macroeconomics Development Economics Growth. Speaker(s) Location. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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. ", Peters, Michael & Severinov, Sergei, 2006. See all articles by Michael Peters Michael Peters. 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. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Journal of Urban Economics, Volume 120, July 2022, 103454. Articles Cited by Co-authors. . Phone (613) 533-2250 Fax (613) 533-6668 Email https . Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. ", Peters, Michael & Severinov, Sergei, 2003. 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. 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. ", Celik, Gorkem & Peters, Michael, 2011. 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. I think there are so many related interesting and important questions to work on. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Allen Head. Footer Menu. Before joining Yale University, he held a position at the London School of Economics. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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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