(2006). 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Macroeconomics Development Economics Growth. January 2021 CFP 1710 Author(s) Michael Peters. Social Menu. The large inflows led to persistent changes in the sectoral composition of the local economy. 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. 2023 National Bureau of Economic Research. Verified email at yale.edu. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. & Severinov,S., 2001. To what extent these findings have a direct relevance for immigration policy today, is a great question. The emergence of new cities in Rural America played a big part for this transition. Yale Department of Economics. 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. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. I would love to see more quantitative work on the consequences of migration that takes such differences into account. Before joining Yale University, he held a position at the London School of Economics. Author(s) Michael Peters. Research. 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 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). 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. Try again later. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. target no need to return item. interests: Trade, Economic Geography, and Macroeconomics contact: . U Akcigit, H Alp, M Peters. 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. Yale University - Department of Economics; Yale University - Cowles Foundation. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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 system can't perform the operation now. ", Peters, Michael & Szentes, Balazs, 2009. Sort by citations Sort by year Sort by title. 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. 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. 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. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Phone (613) 533-2250 Fax (613) 533-6668 Email https . American Economic Review. 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. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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". ", Michael Peters & Sergei Severinov, 2008. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Michael Peters Economics Department, Yale University Verified email at . This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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. Ming Xu. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. American Economic Journal . , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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 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. How do local economies respond to large increases to the size of their population? 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. 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. degree in economics. 180 * 2021: Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. ", Peters, Michael & Severinov, Sergei, 1997. ", Michael Peters & Ralph A. I think there are so many related interesting and important questions to work on. I started working on growth theory during my PhD at MIT. [8] I am an Assistant Professor at the Department of Economics at the University of California, San Diego. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Michael Peters & Sergei Severinov, 2008. See all articles by Michael Peters Michael Peters. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. However, these gains were heavily skewed toward high-income households living in urban districts. 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. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. 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. 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. hb```f``} cf`ah`.d0 Title . 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? Michael Peters Economics Department, Yale University Verified email at yale.edu. You can help correct errors and omissions. All material on this site has been provided by the respective publishers and authors. ", Celik, Gorkem & Peters, Michael, 2011. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Title. In my research I focus primarily on economic growth and long-run economic development. I think we need more work to understand what happens when the population shrinks. J Blaum, C Lelarge, M Peters. %PDF-1.5 % 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. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Box 21345, New . In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. And they, luckily, had taken pictures of the old census publications, which I could digitize. Department of Economics. 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. Yale. ", Halevy, Yoram & Peters, Michael, 2007. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . For the case of India, service-led growth was an important driver of risingliving standard. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 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. Footer Menu. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press.
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