michael peters economics

(2006). ", Michael Peters & Ralph A. 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 results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. ", Peters, Michael & Severinov, Sergei, 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. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. ", Epstein, Larry G. & Peters, Michael, 1999. 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. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com . Title. ", Peters, Michael & Severinov, Sergei, 1997. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Like Tweet Share. Productive firms thus settle in productive. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Penn State now offers a two-year program designated only for the M.A. Verified email at columbia.edu - Homepage. There, details are also given on how to add or correct references and citations. 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. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). ", Celik, Gorkem & Peters, Michael, 2008. degree in economics. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. 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. 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. Department of Economics. 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. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. 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. Virtually all theories of economic growth predict a positive relationship between population size and productivity. [8] The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. The findings echo Acemoglu et al. 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 & Sergei Severinov, 2008. Second, the refugees were allocated to rural areas and not to urban centers. What motivated you to take on this research question? At least three aspects of this study seem particularly context specific. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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 I think there are so many related interesting and important questions to work on. January 2021 CFP 1710 Author(s) Michael Peters. 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. Fabrizio Zilibotti. ", Peters, Michael & Severinov, Sergei, 2003. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 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. Author(s) Michael Peters. Their, This "Cited by" count includes citations to the following articles in Scholar. How do local economies respond to large increases to the size of their population? Journal of Urban Economics, Volume 120, July 2022, 103454. 37 (2), pages 281-306, November. Michael Peters Economics Department, Yale University Verified email at yale.edu. 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. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. J Blaum, C Lelarge, M Peters. American Economic Review 111 (1), 231-75, 2021. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. What were the results? What are the policy implications, if any, of this research? hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Research. This inflow increased the German population by almost 20%. In his research he focuses 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. 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. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. %PDF-1.5 % Michael Peters from Yale will present Spatial Structural Change. Michael Peters & Sergei Severinov, 2008. Ming Xu. You can help correct errors and omissions. 2023 National Bureau of Economic Research. 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. 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. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. interests: Trade, Economic Geography, and Macroeconomics contact: . All Rights Reserved. American Economic Journal . Before joining Yale University, he held a position at the London School of Economics. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. 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". Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Columbia University. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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. Macroeconomics Development Economics Growth. 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.

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