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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). 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 Michael Peters on the Economic Consequences of Refugee 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. Conor Walsh. Entrepreneurship - McGraw Hill Education View Michael Peters' profile on LinkedIn, the world's largest professional community. ", Michael Peters & Sergei Severinov, 2008. 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 First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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. ", Sergei Severinov & Michael Peters, 2004. 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 He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Peters, Michael & Severinov, Sergei, 2006. I think we need more work to understand what happens when the population shrinks. 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. The findings echo Acemoglu et al. 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. Sort. See all articles by Michael Peters Michael Peters. Michael Peters | Yale Economic Growth Center 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 is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Increases in per-capita income, particularly in the long run. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . To what extent these findings have a direct relevance for immigration policy today, is a great question. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. ", Peters, Michael & Severinov, Sergei, 2005. 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. 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. What motivated you to take on this research question? ", Peters, Michael & Severinov, Sergei, 2003. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Macroeconomics Development Economics Growth. At least three aspects of this study seem particularly context specific. Michael Peters. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. 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. 37 (2), pages 281-306, November. 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. Research | montoya.econ.ubc.ca 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. 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. American Economic Review 111 (1), 231-75, 2021. 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. A minor in economics is open to students enrolled in any college. 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 is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Publications by author | Yale Department of Economics His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Celik, Gorkem & Peters, Michael, 2008. 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. 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. What are some exciting areas for further research in this area? By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Yale Department of Economics. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Columbia University. Michael Peters | NBER ", Peters, Michael & Szentes, Balazs, 2009. Michael Peters Economics Department, Yale University Verified email at . 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. Market Size and Spatial Growth - Evidence from Germany's Post-War degree in economics. Michael Peters Economics Department, Yale University Verified email at yale.edu. 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 . How do local economies respond to large increases to the size of their population? Verified email at yale.edu. Start your day off right, with a Dayspring Coffee With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Department of Economics. Michael Peters - Contact 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. Michael Peters - Vice President Corporate Strategy - LinkedIn 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Financial Accounting, 11th Edition | Wiley Like Tweet Share. Verified email at columbia.edu - Homepage. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. In his research he focuses on economic growth and long-run economic development. 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. Penn State now offers a two-year program designated only for the M.A. [PDF] A folk theorem for competing mechanisms | Semantic Scholar %PDF-1.5 % [PDF] The End of Economic Growth? Unintended Consequences of a There, details are also given on how to add or correct references and citations. 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). 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 So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 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. Ming Xu. The Geography of Remote Work . In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. Research Conor Walsh 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. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Yale University - Department of Economics; Yale University - Cowles Foundation. 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 ", Halevy, Yoram & Peters, Michael, 2007. ", Michael Peters & Sergei Severinov, 2001. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. 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. Michael Peters ; Michael Peters . To link different versions of the same work, where versions have a different title, use this form. Allen Head. Peters,M. michael peters economics ubc 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. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Speaker(s) Location. Research. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 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. Fabrizio Zilibotti - Google Scholar ", Michael Peters & Ralph A. Create your own unique website with customizable templates. endstream endobj startxref 0 %%EOF 43 0 obj <>stream ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Most demographers expect the global population to decline starting by around 2065. Michael Peters | Cowles Foundation for Research in Economics J Blaum, C Lelarge, M Peters. Michael Porter - Wikipedia He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. I started working on growth theory during my PhD at MIT. American Economic Journal . This particular setting is, of course, close to my heart. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation PDF MICHAEL PETERS A 2022 - Economics.yale.edu 6 October, 2021 4:00 pm-6:00 pm. 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. [8] Michael Peters - Vancouver School of Economics I am an Associate Professor in the Economics Department at Yale. However, these gains were heavily skewed toward high-income households living in urban districts. 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. Ufuk Akcigit - Google Scholar 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. Michael Peters & Sergei Severinov, 2008. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. (2006). 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. . 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. You can help correct errors and omissions.
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