michael peters economics michael peters economics

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. 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 Financial Accounting, 11th Edition | Wiley Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Penn State now offers a two-year program designated only for the M.A. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Sort by citations Sort by year Sort by title. Michael Peters Economics Department, . The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Fabrizio Zilibotti - Google Scholar Try again later. 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). Economics Department, Yale University. Research Conor Walsh ", Peters, Michael & Severinov, Sergei, 2003. PDF MICHAEL PETERS A 2022 - Economics.yale.edu 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". At least three aspects of this study seem particularly context specific. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Peters ; Michael Peters . ", Michael Peters & Sergei Severinov, 2001. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. ", Michael Peters & Ralph A. 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. The findings echo Acemoglu et al. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. The Gains from Input Trade with Heterogeneous Importers Publications by author | Yale Department of Economics " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. Yale. I started working on growth theory during my PhD at MIT. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Fabrizio Zilibotti. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Winter, 1983. 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. [8] 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics What are the policy implications, if any, of this research? Cited by. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. [PDF] Firm Creation and Local Growth | Semantic Scholar To what extent these findings have a direct relevance for immigration policy today, is a great question. Michael Peters, Yale - Department of Economics hb```f``} cf`ah`.d0 Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Sort. View Michael Peters' profile on LinkedIn, the world's largest professional community. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. American Economic Journal . Michael Peters Economics Department, Yale University Verified email at . Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Research. Title. A Revelation Principle for Competing Mechanisms For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. hbbd``b`*@q`$3DY $,> L@)"3` 2 Columbia University. Create your own unique website with customizable templates. Market Size and Spatial Growth - Evidence from Germany's Post-War The large inflows led to persistent changes in the sectoral composition of the local economy. 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. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The fabian eckert 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. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation Like Tweet Share. Michael Peters Economics Department, Yale University Verified email at yale.edu. All material on this site has been provided by the respective publishers and authors. In his research he focuses on economic growth and long-run economic development. & Severinov,S., 2001. Michael Porter - Wikipedia Michael Peters - Contact Welcome to my website! 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 would love to see more quantitative work on the consequences of migration that takes such differences into account. ", Peters, Michael & Severinov, Sergei, 2006. Most demographers expect the global population to decline starting by around 2065. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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 I am an Assistant Professor at the Department of Economics at the University of California, San Diego. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. 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. Department of Economics. New Research by Michael Peters on the Economic Consequences of Refugee 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 My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. Before joining Yale University, he held a position at the London School of 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. The first months where very discouraging because so little data seemed to have survived. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Ming Xu. In his research he focuses on economic growth and long-run economic development. 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. Michael Peters - Vancouver School of Economics Peters,M. ". Michael Peters - Google Scholar ", Peters, Michael & Szentes, Balazs, 2009. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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. 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. 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). 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. How do local economies respond to large increases to the size of their population? 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? Creative Destruction, Distance to Frontier, and Economic Development by For the case of India, service-led growth was an important driver of risingliving standard. Michael Peters | CEPR hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Yale University - Department of Economics; Yale University - Cowles Foundation. I think there are so many related interesting and important questions to work on. 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. Allen Head. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Verified email at yale.edu. However, these gains were heavily skewed toward high-income households living in urban districts. 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 my research I focus primarily on economic growth and long-run economic development. ", Peters, Michael & Severinov, Sergei, 2005. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 6 October, 2021 4:00 pm-6:00 pm. This particular setting is, of course, close to my heart. The following articles are merged in Scholar. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Conor Walsh. 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). 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 | VoxDev 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 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 Ufuk Akcigit - Google Scholar Start your day off right, with a Dayspring Coffee Michael Peters - Vice President Corporate Strategy - LinkedIn 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. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. interests: Trade, Economic Geography, and Macroeconomics contact: . Title . 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . What motivated you to take on this research question? 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. See all articles by Michael Peters Michael Peters. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . ", Epstein, Larry G. & Peters, Michael, 1999. 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. U Akcigit, H Alp, M Peters. 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. degree in economics. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. ", Celik, Gorkem & Peters, Michael, 2011. Journal of Urban Economics, Volume 120, July 2022, 103454. January 2021 CFP 1710 Author(s) Michael Peters. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Box 21345, New . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Social Menu. 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. michael peters economics ubc (2006). 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. . Macroeconomics Development Economics Growth. Conor Walsh - Google Scholar Affiliation: Yale. Articles Cited by Co-authors. 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.