michael peters economics

Michael Peters Economics Department, Yale University Verified email at yale.edu. . 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. Michael Peters Economics Department, Yale University Verified email at . 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). To what extent these findings have a direct relevance for immigration policy today, is a great question. View Michael Peters' profile on LinkedIn, the world's largest professional community. His research mostly focuses on macroeconomics, economic development and growth, and international trade. However, these gains were heavily skewed toward high-income households living in urban districts. What are the policy implications, if any, of this research? I started working on growth theory during my PhD at MIT. I think there are so many related interesting and important questions to work on. ", Michael Peters & Sergei Severinov, 2008. 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. ", Peters, Michael & Severinov, Sergei, 2006. American Economic Review. J Blaum, C Lelarge, M Peters. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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. Follow. What were the results? In his research he focuses on economic growth and long-run economic development. 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 Fabrizio Zilibotti. 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 ", Michael Peters & Ralph A. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Box 21345, New . 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 . . 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". endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. The system can't perform the operation now. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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. ", Michael Peters & Sergei Severinov, 1995. ", Epstein, Larry G. & Peters, Michael, 1999. 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. Their, This "Cited by" count includes citations to the following articles in Scholar. The emergence of new cities in Rural America played a big part for this transition. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 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. For general information on how to correct material on RePEc, see these instructions. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. ", Peters, Michael & Severinov, Sergei, 2005. Journal of Urban Economics, Volume 120, July 2022, 103454. 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. This particular setting is, of course, close to my heart. 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. American Economic Review 111 (1), 231-75, 2021. 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. Like Tweet Share. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Verified email at columbia.edu - Homepage. In my research I focus primarily on economic growth and long-run economic development. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 37 (2), pages 281-306, November. Skip to main content Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . degree in economics. Peters,M. 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Is the rise of services only due to income effects or can growth be service-led? To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Author(s) Michael Peters. How do local economies respond to large increases to the size of their population? You can help correct errors and omissions. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Social Menu. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. [8] And they, luckily, had taken pictures of the old census publications, which I could digitize. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. See all articles by Michael Peters Michael Peters. Productive firms thus settle in productive. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Title. 6 October, 2021 4:00 pm-6:00 pm. . To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. A minor in economics is open to students enrolled in any college. 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. Speaker(s) Location. 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. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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. Conor Walsh. 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. 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. 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. This inflow increased the German population by almost 20%. Most demographers expect the global population to decline starting by around 2065. Virtual. Economics Department, Yale University. ", Sergei Severinov & Michael Peters, 2004. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. The following articles are merged in Scholar. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Increases in per-capita income, particularly in the long run. interests: Trade, Economic Geography, and Macroeconomics contact: . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. There, details are also given on how to add or correct references and citations. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. 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. 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 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. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. ", Peters, Michael & Severinov, Sergei, 1997. (2006). 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 & Severinov,S., 2001. Title . " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. The US is clearly the prime example of a country that was able to attract high-skilled migrants for a good part of the last 150 years. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Allen Head. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Second, the refugees were allocated to rural areas and not to urban centers. 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. I think we need more work to understand what happens when the population shrinks. American Economic Journal . At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. "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. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Michael Peters. The first months where very discouraging because so little data seemed to have survived. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Yale University - Department of Economics; Yale University - Cowles Foundation. 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. %PDF-1.5 % hbbd``b`*@q`$3DY $,> L@)"3` 2 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 Verified email at yale.edu. I would love to see more quantitative work on the consequences of migration that takes such differences into account. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Winter, 1983. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. . All material on this site has been provided by the respective publishers and authors. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. U Akcigit, H Alp, M Peters. 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. Phone (613) 533-2250 Fax (613) 533-6668 Email https . Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. All Rights Reserved. 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. Department of Economics. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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. 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). At least three aspects of this study seem particularly context specific. 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. 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. ", Peters, Michael & Szentes, Balazs, 2009. Sort. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Michael Peters - Contact Welcome to my website! Cited by. Create your own unique website with customizable templates. 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. Macroeconomics Development Economics Growth. 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. In his research he focuses on economic growth and long-run economic development. 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. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Michael Peters from Yale will present Spatial Structural Change. Yale Department of Economics. 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