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. ", Celik, Gorkem & Peters, Michael, 2008. ", Epstein, Larry G. & Peters, Michael, 1999. 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. Research. 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. American Economic Review. Phone (613) 533-2250 Fax (613) 533-6668 Email https . I think there are so many related interesting and important questions to work on. firm and location productivity arecomplements and labor market frictions are sufficiently large. Skip to main content This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. 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. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. However, these gains were heavily skewed toward high-income households living in urban districts. ", Sergei Severinov & Michael Peters, 2004. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. At least three aspects of this study seem particularly context specific. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. hb```f``} cf`ah`.d0 0q$D~;4}
AF@D m
endstream
endobj
20 0 obj
<>
endobj
21 0 obj
<>
endobj
22 0 obj
<>stream
180 * 2021: Michael Peters & Sergei Severinov, 2008. 6 October, 2021 4:00 pm-6:00 pm. For general information on how to correct material on RePEc, see these instructions. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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 from Yale will present Spatial Structural Change. ". In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. 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 & Sergei Severinov, 2008. ", Peters, Michael & Severinov, Sergei, 2005. Michael Peters ; Michael Peters . ", Celik, Gorkem & Peters, Michael, 2011. 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. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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. 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. Ming Xu. (2006). His research mostly focuses on macroeconomics, economic development and growth, and international trade. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. I started working on growth theory during my PhD at MIT. View Michael Peters' profile on LinkedIn, the world's largest professional community. .
endstream
endobj
startxref
0
%%EOF
43 0 obj
<>stream
"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. How do local economies respond to large increases to the size of their population? 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. 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. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Michael Peters - Contact Welcome to my website! 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Try again later. I think we need more work to understand what happens when the population shrinks. Second, the refugees were allocated to rural areas and not to urban centers. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . 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. 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 Increases in per-capita income, particularly in the long run. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Is the rise of services only due to income effects or can growth be service-led? Virtual. Box 21345, New . 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. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Title. 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. 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. You can help correct errors and omissions. ", Michael Peters & Sergei Severinov, 1995. . Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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. 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 Economics Department, . [8] Journal of Urban Economics, Volume 120, July 2022, 103454. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. The system can't perform the operation now. 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. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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. January 2021 CFP 1710 Author(s) Michael Peters. 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 Title . I am an Associate Professor in the Economics Department at Yale. The following articles are merged in Scholar. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. 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. In his research he focuses on economic growth and long-run economic development. . There, details are also given on how to add or correct references and citations. Macroeconomics Development Economics Growth. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Social Menu. What motivated you to take on this research question? 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 ", Michael Peters & Ralph A. Before joining Yale University, he held a position at the London School of Economics. Footer Menu. Verified email at yale.edu. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Penn State now offers a two-year program designated only for the M.A. ", Halevy, Yoram & Peters, Michael, 2007. 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 Virtually all theories of economic growth predict a positive relationship between population size and productivity. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. What were the results? All material on this site has been provided by the respective publishers and authors. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. ", Peters, Michael & Severinov, Sergei, 2006. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. 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 . In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Department of Economics. 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 [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . J Blaum, C Lelarge, M Peters. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. The emergence of new cities in Rural America played a big part for this transition. Michael Peters Economics Department, Yale University Verified email at yale.edu. 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. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. 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. The Geography of Remote Work . 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 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. 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 & Szentes, Balazs, 2009. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. What are some exciting areas for further research in this area? Macroeconomics Economic Growth Urban Economics. 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. Sort by citations Sort by year Sort by title. 2023 National Bureau of Economic Research. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. American Economic Journal . Conor Walsh. ", Peters, Michael & Severinov, Sergei, 1997. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . The first months where very discouraging because so little data seemed to have survived. 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. Economics Department, Yale University. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. To link different versions of the same work, where versions have a different title, use this form. Powered by Create your own unique website with customizable templates. Speaker(s) Location. 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 Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Affiliation: Yale. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. Cited by. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. The large inflows led to persistent changes in the sectoral composition of the local economy. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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 Economics Department, Yale University Verified email at . A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 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. 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.