His research mostly focuses on macroeconomics, economic development and growth, and international trade. Follow. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 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. 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. endstream endobj startxref 0 %%EOF 43 0 obj <>stream ", Peters, Michael & Severinov, Sergei, 1997. The emergence of new cities in Rural America played a big part for this transition. Conor Walsh. Market Size and Spatial Growth - Evidence from Germany's Post-War Yale University - Department of Economics; Yale University - Cowles Foundation. Research | montoya.econ.ubc.ca To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. 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 ", Michael Peters & Ralph A. firm and location productivity arecomplements and labor market frictions are sufficiently large. Macroeconomics Economic Growth Urban Economics. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Fabrizio Zilibotti - Google Scholar Michael Peters ; Michael Peters . What are the policy implications, if any, of this research? 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? [PDF] The End of Economic Growth? Unintended Consequences of a The following articles are merged in Scholar. Speaker(s) Location. 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. [PDF] Firm Creation and Local Growth | Semantic Scholar ", Celik, Gorkem & Peters, Michael, 2011. However, these gains were heavily skewed toward high-income households living in urban districts. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Publications by author | Yale Department of Economics 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 37 (2), pages 281-306, November. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation Journal of Urban Economics, Volume 120, July 2022, 103454. Sort by citations Sort by year Sort by title. To what extent these findings have a direct relevance for immigration policy today, is a great question. Michael Peters - Contact Welcome to my website! 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 ", Peters, Michael & Szentes, Balazs, 2009. 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. ", Michael Peters & Sergei Severinov, 2001. Financial Accounting, 11th Edition | Wiley 180 * 2021: The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Sort. Michael Peters - Google 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). 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. degree in economics. See all articles by Michael Peters Michael Peters. Michael Peters. The findings echo Acemoglu et al. 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). But even within the US there are vast regional differences in the type of migrants that settle in different areas. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Productive firms thus settle in productive. ", Peters, Michael & Severinov, Sergei, 2003. Yale. Michael Peters | Yale Department of Economics Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. There, details are also given on how to add or correct references and citations. ". Yale Department of Economics. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Michael Peters | IDEAS/RePEc Fabian Eckert - Google Scholar ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Is the rise of services only due to income effects or can growth be service-led? Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Solutions Manual - Michael Peters 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. 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. All material on this site has been provided by the respective publishers and authors. To estimate the relationship between refugee inflow and local economic development, Professor Peters constructed a data set from original historical sources for more than 500 West German counties since the 1930s. All Rights Reserved. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. A minor in economics is open to students enrolled in any college. The Geography of Remote Work . ", Michael Peters & Sergei Severinov, 1995. New Research by Michael Peters on the Economic Consequences of Refugee The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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 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. Footer Menu. You can help correct errors and omissions. Author(s) Michael Peters. 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. Macroeconomics Development Economics Growth. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. 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. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. (2006). Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Michael Peters | Yale Economic Growth Center 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. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. Their, This "Cited by" count includes citations to the following articles in Scholar. I started working on growth theory during my PhD at MIT. For general information on how to correct material on RePEc, see these instructions. And they, luckily, had taken pictures of the old census publications, which I could digitize. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. hbbd``b`*@q`$3DY $,> L@)"3` 2 %PDF-1.5 % [8] 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. 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 is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Articles Cited by Co-authors. To link different versions of the same work, where versions have a different title, use this form. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . michael peters economics ubc 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 Published 1 October 2021 Economics SSRN Electronic Journal Virtually all theories of economic growth predict a positive relationship between population size and productivity. Michael Peters - Vice President Corporate Strategy - LinkedIn " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. This particular setting is, of course, close to my heart. 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. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. J Blaum, C Lelarge, M Peters. The Gains from Input Trade with Heterogeneous Importers Some immigration is low-skilled, some immigration is high-skilled. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. 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. Michael Peters Economics Department, Yale University Verified email at yale.edu. 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. I am an Associate Professor in the Economics Department at Yale. Research - Michael Peters 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). January 2021 CFP 1710 Author(s) Michael Peters. 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". These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Economics Department, Yale University. 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. Creative Destruction, Distance to Frontier, and Economic Development by Box 21345, New . The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Title. In my research I focus primarily on economic growth and long-run economic development. 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. 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. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. 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 link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. [PDF] A folk theorem for competing mechanisms | Semantic Scholar 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. Powered by Create your own unique website with customizable templates. Title . 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 . ", Michael Peters & Sergei Severinov, 2008. 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.
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