To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. The emergence of new cities in Rural America played a big part for this transition. The system can't perform the operation now. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 For general information on how to correct material on RePEc, see these instructions. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Sort. Like Tweet Share. ", Michael Peters & Sergei Severinov, 2001. 180 * 2021: Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. American Economic Journal . ", Michael Peters & Sergei Severinov, 1995. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 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. ", Peters, Michael & Severinov, Sergei, 2005. Michael Peters - Contact Welcome to my website! hb```f``} cf`ah`.d0 A minor in economics is open to students enrolled in any college. target no need to return item. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Michael Peters Economics Department, Yale University Verified email at . 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. What are the policy implications, if any, of this research? 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. . . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. I think we need more work to understand what happens when the population shrinks. I would love to see more quantitative work on the consequences of migration that takes such differences into account. (2006). A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 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 ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Is the rise of services only due to income effects or can growth be service-led? January 2021 CFP 1710 Author(s) Michael Peters. There, details are also given on how to add or correct references and citations. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 37 (2), pages 281-306, November. ". Title. All Rights Reserved. . 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. And they, luckily, had taken pictures of the old census publications, which I could digitize. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Some immigration is low-skilled, some immigration is high-skilled. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Michael Peters from Yale will present Spatial Structural Change. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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 . Social Menu. This inflow increased the German population by almost 20%. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. All material on this site has been provided by the respective publishers and authors. 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. 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. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Verified email at columbia.edu - Homepage. At least three aspects of this study seem particularly context specific. The following articles are merged in Scholar. 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. 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. [8] 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? At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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. 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. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Articles Cited by Co-authors. Ming Xu. 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 firm and location productivity arecomplements and labor market frictions are sufficiently large. Fabrizio Zilibotti. Penn State now offers a two-year program designated only for the M.A. To link different versions of the same work, where versions have a different title, use this form. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. ", Celik, Gorkem & Peters, Michael, 2008. Start your day off right, with a Dayspring Coffee His research mostly focuses on macroeconomics, economic development and growth, and international trade. & Severinov,S., 2001. 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. Speaker(s) Location. Michael Peters & Sergei Severinov, 2008. 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. %PDF-1.5 % Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Productive firms thus settle in productive. Skip to main content These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Yale Department of Economics. 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). Columbia University. To what extent these findings have a direct relevance for immigration policy today, is a great question. Michael Peters ; Michael Peters . Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. ", Peters, Michael & Severinov, Sergei, 1997. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Follow. Verified email at yale.edu. Yale University - Department of Economics; Yale University - Cowles Foundation. The large inflows led to persistent changes in the sectoral composition of the local economy. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . His research mostly focuses on macroeconomics, economic development and growth, and international trade. Macroeconomics Development Economics Growth. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 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 Winter, 1983. 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 Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Journal of Urban Economics, Volume 120, July 2022, 103454. In his research he focuses on economic growth and long-run economic development. Their, This "Cited by" count includes citations to the following articles in Scholar. However, these gains were heavily skewed toward high-income households living in urban districts. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. You can help correct errors and omissions. 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 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. ", Peters, Michael & Szentes, Balazs, 2009. View Michael Peters' profile on LinkedIn, the world's largest professional community. 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. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. 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. Virtual. ", Peters, Michael & Severinov, Sergei, 2003. This particular setting is, of course, close to my heart. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . The first months where very discouraging because so little data seemed to have survived. Peters,M. guided by a fundamental trade-off: Operating in productive locations increases output per worker, but sharing a labor market with other productive firms makes it hard to poach and retain workers.