hbbd``b`*@q`$3DY $,> L@)"3` 2 ", Michael Peters & Sergei Severinov, 2008. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. What motivated you to take on this research question? At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. ", Peters, Michael & Severinov, Sergei, 2003. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. 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. 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 Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Title . 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. Increases in per-capita income, particularly in the long run. ", Peters, Michael & Severinov, Sergei, 2005. 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. ", Michael Peters & Ralph A. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Before joining Yale University, he held a position at the London School of Economics. Fabrizio Zilibotti - Google Scholar Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. This particular setting is, of course, close to my heart. A minor in economics is open to students enrolled in any college. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation 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. American Economic Journal . 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. ", Epstein, Larry G. & Peters, Michael, 1999. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Michael Peters ; Michael Peters . 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. 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. What are the policy implications, if any, of this research? The emergence of new cities in Rural America played a big part for this transition. Powered by Create your own unique website with customizable templates. 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. Conor Walsh. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. U Akcigit, H Alp, M Peters. Title. Create your own unique website with customizable templates. "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. 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. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Conor Walsh - Google Scholar 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. & Severinov,S., 2001. However, these gains were heavily skewed toward high-income households living in urban districts. 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. ", Peters, Michael & Severinov, Sergei, 2006. 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. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Publications by author | Yale Department of Economics Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. I am also a research affiliate at the CEPR 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. New Research by Michael Peters on the Economic Consequences of Refugee Allen Head. 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). 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Michael Peters | NBER He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Winter, 1983. interests: Trade, Economic Geography, and Macroeconomics contact: . With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Ufuk Akcigit - Google Scholar Michael Peters | IDEAS/RePEc The first months where very discouraging because so little data seemed to have survived. 2023 National Bureau of Economic Research. 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). 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Verified email at columbia.edu - Homepage. 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 To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. I think there are so many related interesting and important questions to work on. American Economic Review 111 (1), 231-75, 2021. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Yale University - Department of Economics; Yale University - Cowles Foundation. Macroeconomics Economic Growth Urban Economics. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Second, the refugees were allocated to rural areas and not to urban centers. ", Peters, Michael & Szentes, Balazs, 2009. michael peters economics ubc 6 October, 2021 4:00 pm-6:00 pm. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. 180 * 2021: Macroeconomics Development Economics Growth. What are some exciting areas for further research in this area? 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Is the rise of services only due to income effects or can growth be service-led? degree in economics. Box 21345, New . 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? Affiliation: Yale. 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. Like Tweet Share. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. How do local economies respond to large increases to the size of their population? 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. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. The system can't perform the operation now. firm and location productivity arecomplements and labor market frictions are sufficiently large. I started working on growth theory during my PhD at MIT. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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] A folk theorem for competing mechanisms | Semantic Scholar To what extent these findings have a direct relevance for immigration policy today, is a great question. Michael Peters - Contact Welcome to my website! 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. . Financial Accounting, 11th Edition | Wiley hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. michael peters economics ubc For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. The findings echo Acemoglu et al. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. There, details are also given on how to add or correct references and citations. Michael Peters Economics Department, Yale University Verified email at . 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). 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. Fabrizio Zilibotti. ", Halevy, Yoram & Peters, Michael, 2007. Skip to main content Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Journal of Urban Economics, Volume 120, July 2022, 103454. Author(s) Michael Peters. The Geography of Remote Work . ", Michael Peters & Sergei Severinov, 2001. Creative Destruction, Distance to Frontier, and Economic Development by Michael Peters from Yale will present Spatial Structural Change. You can help correct errors and omissions. American Economic Review. [8] For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 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. . PDF MICHAEL PETERS A 2022 - Economics.yale.edu He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. 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 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 .