2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Being from Germany myself, one hears lots of stories about the WW2 expulsion. American Economic Review 111 (1), 231-75, 2021. The system can't perform the operation now. ", Michael Peters & Ralph A. Before joining Yale University, he held a position at the London School of Economics. And they, luckily, had taken pictures of the old census publications, which I could digitize. 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. How do local economies respond to large increases to the size of their population? The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. 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). View Michael Peters' profile on LinkedIn, the world's largest professional community. 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. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Create your own unique website with customizable templates. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods Michael Peters | Queen's Economics Department A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Virtual. Verified email at columbia.edu - Homepage. 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. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. firm and location productivity arecomplements and labor market frictions are sufficiently large. ", Celik, Gorkem & Peters, Michael, 2008. Research Conor Walsh [PDF] A folk theorem for competing mechanisms | Semantic Scholar This particular setting is, of course, close to my heart. [PDF] The End of Economic Growth? Unintended Consequences of a Conor Walsh - Google Scholar 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. ", Michael Peters & Sergei Severinov, 2001. 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. Research | montoya.econ.ubc.ca [PDF] Firm Creation and Local Growth | Semantic Scholar 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. Publications by author | Yale Department of Economics American Economic Journal . hbbd``b`*@q`$3DY $,> L@)"3` 2 A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 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. endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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 Porter - Wikipedia Sort by citations Sort by year Sort by title. His research mostly focuses on macroeconomics, economic development and growth, and international trade. A minor in economics is open to students enrolled in any college. Title . 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. ", Celik, Gorkem & Peters, Michael, 2011. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. . You can help correct errors and omissions. ", Halevy, Yoram & Peters, Michael, 2007. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . To what extent these findings have a direct relevance for immigration policy today, is a great question. Social Menu. Powered by Create your own unique website with customizable templates. hb```f``} cf`ah`.d0 With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Cited by. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Productive firms thus settle in productive. I think we need more work to understand what happens when the population shrinks. ". Michael Peters Economics Department, Yale University Verified email at . Like Tweet Share. . Columbia University. Michael Peters | Cowles Foundation for Research in Economics 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. ", Epstein, Larry G. & Peters, Michael, 1999. 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. Ming Xu. Macroeconomics Economic Growth Urban Economics. 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. ", Michael Peters & Sergei Severinov, 2008. Penn State now offers a two-year program designated only for the M.A. The Geography of Remote Work . Michael Peters - Contact 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. 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 economics ubc The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Solutions Manual - Michael Peters Increases in per-capita income, particularly in the long run. Second, the refugees were allocated to rural areas and not to urban centers. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. What are some exciting areas for further research in this area? All Rights Reserved. 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. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. 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 Published 1 October 2021 Economics SSRN Electronic Journal Virtually all theories of economic growth predict a positive relationship between population size and productivity. American Economic Review. Some immigration is low-skilled, some immigration is high-skilled. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Michael Peters. & Severinov,S., 2001. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Yale University - Department of Economics; Yale University - Cowles Foundation. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. ", Peters, Michael & Severinov, Sergei, 2006. 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. 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. The emergence of new cities in Rural America played a big part for this transition. 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. Financial Accounting in an Economic Context - Jamie Pratt, Michael F Michael Peters Economics Department, Yale University Verified email at yale.edu. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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 . Research. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Footer Menu. What are the policy implications, if any, of this research? Michael Peters | NBER Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 For general information on how to correct material on RePEc, see these instructions. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Entrepreneurship - McGraw Hill Education At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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 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. PDF MICHAEL PETERS A 2022 - Economics.yale.edu ", Michael Peters & Sergei Severinov, 1995. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Michael Peters | Yale Economic Growth Center Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Michael Peters & Sergei Severinov, 2008. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Articles Cited by Co-authors. "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. The large inflows led to persistent changes in the sectoral composition of the local economy. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Michael Peters, Yale - Department of Economics Start your day off right, with a Dayspring Coffee I would love to see more quantitative work on the consequences of migration that takes such differences into account. Skip to main content ", Peters, Michael & Severinov, Sergei, 1997. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. Economics Department, Yale University. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. In his research he focuses on economic growth and long-run economic development. Is the rise of services only due to income effects or can growth be service-led? It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. 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. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. In the rst version contracts are exchanged on a competitive market in which traders expectations concerning conditions Expand 7 View 1 excerpt, references background Game-Playing Agents: Unobservable Contracts as Precommitments M. Katz Winter, 1983. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. ", Peters, Michael & Severinov, Sergei, 2005. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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). It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. What were the results? This inflow increased the German population by almost 20%. 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. Phone (613) 533-2250 Fax (613) 533-6668 Email https .
Walnut Hills High School Directory, Articles M