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Increases in per-capita income, particularly in the long run. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. 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 In his research he focuses on economic growth and long-run economic development. I think we need more work to understand what happens when the population shrinks. Ming Xu. What were the results? There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Michael Peters & Sergei Severinov, 2008. 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. 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 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. 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. 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. Before joining Yale University, he held a position at the London School of Economics. 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. Research. Verified email at columbia.edu - Homepage. 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. Start your day off right, with a Dayspring Coffee 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 Published 1 October 2021 Economics SSRN Electronic Journal Virtually all theories of economic growth predict a positive relationship between population size and productivity. Allen Head. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . 6 October, 2021 4:00 pm-6:00 pm. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods Michael Peters from Yale will present Spatial Structural Change. . Michael Peters Economics Department, Yale University Verified email at . 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. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Is the rise of services only due to income effects or can growth be service-led? For general information on how to correct material on RePEc, see these instructions. 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. I started working on growth theory during my PhD at MIT. Penn State now offers a two-year program designated only for the M.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). In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . 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 link different versions of the same work, where versions have a different title, use this form. 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. %PDF-1.5 % January 2021 CFP 1710 Author(s) Michael Peters. For the case of India, service-led growth was an important driver of risingliving standard. (2006). Powered by Create your own unique website with customizable templates. Yale University - Department of Economics; Yale University - Cowles Foundation. Follow. 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. Macroeconomics Economic Growth Urban Economics. The emergence of new cities in Rural America played a big part for this transition. Articles Cited by Co-authors. Michael Peters Economics Department, Yale University Verified email at yale.edu. Sort. 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. 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 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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 his research he focuses on economic growth and long-run economic development. ", Celik, Gorkem & Peters, Michael, 2011. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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 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. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. What are the policy implications, if any, of this research? A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. The large inflows led to persistent changes in the sectoral composition of the local economy. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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. This particular setting is, of course, close to my heart. target no need to return item. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Being from Germany myself, one hears lots of stories about the WW2 expulsion. What motivated you to take on this research question? 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. Social Menu. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. ", Sergei Severinov & Michael Peters, 2004. ", Celik, Gorkem & Peters, Michael, 2008. Peters,M. 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, 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". Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Title . . J Blaum, C Lelarge, M Peters. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. & Severinov,S., 2001. How do local economies respond to large increases to the size of their population? ". , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Footer Menu. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. Some immigration is low-skilled, some immigration is high-skilled. 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 is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. "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. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Michael Peters ; Michael Peters . Box 21345, New . My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Author(s) Michael Peters. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. hb```f``} cf`ah`.d0 Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . ", Peters, Michael & Severinov, Sergei, 1997. Like Tweet Share. 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 . The system can't perform the operation now. Phone (613) 533-2250 Fax (613) 533-6668 Email https . ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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. Fabrizio Zilibotti. 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. 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. ", Epstein, Larry G. & Peters, Michael, 1999. 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. Verified email at yale.edu. Affiliation: Yale. Michael Peters Economics Department, . First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space.