", Peters, Michael & Severinov, Sergei, 2005. Their, This "Cited by" count includes citations to the following articles in Scholar. 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). 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. This inflow increased the German population by almost 20%. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. target no need to return item. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . Columbia University. 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. A minor in economics is open to students enrolled in any college. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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 . 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? 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 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. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. 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. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . ", Halevy, Yoram & Peters, Michael, 2007. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. endstream endobj startxref 0 %%EOF 43 0 obj <>stream Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. "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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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 In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 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. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. What motivated you to take on this research question? There, details are also given on how to add or correct references and citations. 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. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Virtually all theories of economic growth predict a positive relationship between population size and productivity. All Rights Reserved. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Productive firms thus settle in productive. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com In his research he focuses on economic growth and long-run economic development. Follow. His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Celik, Gorkem & Peters, Michael, 2008. U Akcigit, H Alp, M Peters. 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. degree in economics. 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 The system can't perform the operation now. And they, luckily, had taken pictures of the old census publications, which I could digitize. ", Peters, Michael & Severinov, Sergei, 2006. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. 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. . Sort. How do local economies respond to large increases to the size of their population? Michael Peters Economics Department, Yale University Verified email at yale.edu. 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 Powered by Create your own unique website with customizable templates. 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. . By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Verified email at columbia.edu - Homepage. Verified email at yale.edu. 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. Footer Menu. Fabrizio Zilibotti. Yale University - Department of Economics; Yale University - Cowles Foundation. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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. The findings echo Acemoglu et al. Is the rise of services only due to income effects or can growth be service-led? Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . However, these gains were heavily skewed toward high-income households living in urban districts. Second, the refugees were allocated to rural areas and not to urban centers. The following articles are merged in Scholar. ", Peters, Michael & Severinov, Sergei, 2003. 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. 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. 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. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. I started working on growth theory during my PhD at MIT. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. 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. ", Celik, Gorkem & Peters, Michael, 2011. Peters,M. To what extent these findings have a direct relevance for immigration policy today, is a great question. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Phone (613) 533-2250 Fax (613) 533-6668 Email https . My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. ", Michael Peters & Sergei Severinov, 2008. 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. Increases in per-capita income, particularly in the long run. His research mostly focuses on macroeconomics, economic development and growth, and international trade. %PDF-1.5 % He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. The first months where very discouraging because so little data seemed to have survived. 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. Research. 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. Conor Walsh. 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". CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Being from Germany myself, one hears lots of stories about the WW2 expulsion. ", Sergei Severinov & Michael Peters, 2004. 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. hbbd``b`*@q`$3DY $,> L@)"3` 2 firm and location productivity arecomplements and labor market frictions are sufficiently large. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Michael Peters from Yale will present Spatial Structural Change. 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. 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 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. 2023 National Bureau of Economic Research. 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. Economics Department, Yale University. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Yale. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. For the case of India, service-led growth was an important driver of risingliving standard. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. See all articles by Michael Peters Michael Peters. 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. Michael Peters Economics Department, Yale University Verified email at . 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. 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 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). 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 large inflows led to persistent changes in the sectoral composition of the local economy. ", Michael Peters & Sergei Severinov, 2001. What are some exciting areas for further research in this area? Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca.

Who Is The Father Of Maricel Soriano Son, Masterforce Product Registration, Signs A Cancer Man Is Serious About You, Joliet Inwood Gym Membership, How Do I Cancel Action Alerts Plus, Articles M