You can help correct errors and omissions. Fabrizio Zilibotti. ", Peters, Michael & Severinov, Sergei, 2006. Follow. Verified email at columbia.edu - Homepage. 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 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 His research mostly focuses on macroeconomics, economic development and growth, and international trade. See all articles by Michael Peters Michael Peters. hbbd``b`*@q`$3DY $,> L@)"3` 2 Michael Peters from Yale will present Spatial Structural Change. Journal of Urban Economics, Volume 120, July 2022, 103454. 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. The first months where very discouraging because so little data seemed to have survived. Public profiles for Economics researchers, Curated articles & papers on economics topics, Upload your paper to be listed on RePEc and IDEAS, Pretend you are at the helm of an economics department, Data, research, apps & more from the St. Louis Fed, Initiative for open bibliographies in Economics, Have your institution's/publisher's output listed on RePEc, Matching by Luck or Search? ", Peters, Michael & Severinov, Sergei, 2003. [8] To what extent these findings have a direct relevance for immigration policy today, is a great question. Affiliation: Yale. Research Conor Walsh So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Sort. 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. Virtual. Second, the refugees were allocated to rural areas and not to urban centers. & Severinov,S., 2001. Financial Accounting, 11th Edition | Wiley He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. . ", Michael Peters & Sergei Severinov, 1995. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Title . Productive firms thus settle in productive. 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. Macroeconomics Development Economics Growth. Michael Peters Economics Department, Yale University Verified email at . ", Peters, Michael & Severinov, Sergei, 1997. Social Menu. [PDF] Firm Creation and Local Growth | Semantic Scholar He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. In his research he focuses on economic growth and long-run economic development. 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. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. What motivated you to take on this research question? 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. 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. Research. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Box 21345, New . J. Blaum, Claire Lelarge, Michael Peters Published 1 December 2016 Economics ERN: Microeconometric Models of Firm Behavior in Open Economies (Topic) Firms differ substantially in their participation in foreign input markets. 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. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. 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. There, details are also given on how to add or correct references and citations. Penn State now offers a two-year program designated only for the M.A. 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 my research I focus primarily on economic growth and long-run economic development. The emergence of new cities in Rural America played a big part for this transition. The Geography of Remote Work . Michael Peters Economics Department, . 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. 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. Create your own unique website with customizable templates. Michael Peters | IDEAS/RePEc 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. I think there are so many related interesting and important questions to work on. Michael Peters, Yale - Department of Economics 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. For the case of India, service-led growth was an important driver of risingliving standard. Economics Department, Yale University. I think we need more work to understand what happens when the population shrinks. All material on this site has been provided by the respective publishers and authors. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . interests: Trade, Economic Geography, and Macroeconomics contact: . ", Celik, Gorkem & Peters, Michael, 2008. Some immigration is low-skilled, some immigration is high-skilled. 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. Michael Peters - Google Scholar 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 Most demographers expect the global population to decline starting by around 2065. Publications by author | Yale Department of Economics hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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 economics ubc Peters,M. 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. Increases in per-capita income, particularly in the long run. Creative Destruction, Distance to Frontier, and Economic Development by Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods . All Rights Reserved. A minor in economics is open to students enrolled in any college. Michael Peters | VoxDev 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Powered by Create your own unique website with customizable templates. Entrepreneurship - McGraw Hill Education The findings echo Acemoglu et al. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. [PDF] A folk theorem for competing mechanisms | Semantic Scholar For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. J Blaum, C Lelarge, M Peters. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Department of Economics. 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 Research | montoya.econ.ubc.ca 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. 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. 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. Michael Peters ; Michael Peters . Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . In his research he focuses on economic growth and long-run economic development. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Ufuk Akcigit - Google Scholar January 2021 CFP 1710 Author(s) Michael Peters. What are the policy implications, if any, of this research? Michael Peters - Contact 180 * 2021: ", Peters, Michael & Severinov, Sergei, 2005. firm and location productivity arecomplements and labor market frictions are sufficiently large. Conor Walsh. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. hb```f``} cf`ah`.d0 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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. ", Sergei Severinov & Michael Peters, 2004. (2006). Verified email at yale.edu. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The Michael Peters | NBER For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. The Gains from Input Trade with Heterogeneous Importers And they, luckily, had taken pictures of the old census publications, which I could digitize. [PDF] The End of Economic Growth? Unintended Consequences of a 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. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Conor Walsh - Google Scholar Speaker(s) Location. Title. American Economic Review 111 (1), 231-75, 2021. 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. 2023 National Bureau of Economic Research. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . 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". 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). 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. 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. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Yale University - Department of Economics; Yale University - Cowles Foundation. This particular setting is, of course, close to my heart. Michael Peters | CEPR 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. Yale Department of Economics. For general information on how to correct material on RePEc, see these instructions. Allen Head. Author(s) Michael Peters. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Market Size and Spatial Growth - Evidence from Germany's Post-War 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. 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. A Revelation Principle for Competing Mechanisms
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