michael peters economics

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. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). The Geography of Remote Work . We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. American Economic Review 111 (1), 231-75, 2021. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . American Economic Review. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. How do local economies respond to large increases to the size of their population? Footer Menu. ", Peters, Michael & Szentes, Balazs, 2009. 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. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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. 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. %PDF-1.5 % View Michael Peters' profile on LinkedIn, the world's largest professional community. Macroeconomics Economic Growth Urban Economics. & Severinov,S., 2001. ", Michael Peters & Sergei Severinov, 2001. firm and location productivity arecomplements and labor market frictions are sufficiently large. The findings echo Acemoglu et al. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Peters,M. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. This inflow increased the German population by almost 20%. 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. I am an Associate Professor in the Economics Department at Yale. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Before joining Yale University, he held a position at the London School of Economics. Michael Peters & Sergei Severinov, 2008. Powered by Create your own unique website with customizable templates. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Michael Peters Economics Department, Yale University Verified email at . A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Skip to main content At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. Create your own unique website with customizable templates. Michael Peters - Contact Welcome to my website! 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. ", Michael Peters & Sergei Severinov, 2008. All material on this site has been provided by the respective publishers and authors. Their, This "Cited by" count includes citations to the following articles 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. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Follow. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Cited by. 37 (2), pages 281-306, November. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 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 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. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. January 2021 CFP 1710 Author(s) Michael Peters. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Virtual. 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. 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. Michael Peters | Yale Economic Growth Center Home People Michael Peters Faculty Associate Professor of Economics Contact P. 203-436-8475 E. m.peters@yale.edu Expertise Development Economics, International Trade, Macroeconomics Website Download C.V. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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. The first months where very discouraging because so little data seemed to have survived. ", Peters, Michael & Severinov, Sergei, 1997. interests: Trade, Economic Geography, and Macroeconomics contact: . degree in economics. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Columbia University. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . In his research he focuses on economic growth and long-run economic development. Title . These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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. Journal of Urban Economics, Volume 120, July 2022, 103454. For example, the US Military Government in Bavaria, published an internal report which explicitly discussed how the arrival of the refugees in rural Bavaria presented opportunities for firms to move to locations near idle workers. ", Celik, Gorkem & Peters, Michael, 2008. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. What motivated you to take on this research question? J Blaum, C Lelarge, M 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. Productive firms thus settle in productive. 6 October, 2021 4:00 pm-6:00 pm. What are the policy implications, if any, of this research? Box 21345, New . There, details are also given on how to add or correct references and citations. Research. For general information on how to correct material on RePEc, see these instructions. Macroeconomics Development Economics Growth. 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. ", Peters, Michael & Severinov, Sergei, 2003. Students who receive a Ph.D. from Penn State and whose doctoral research is excellent have been recruited and sought after by leading academic and research institutions: our Ph.D. students have obtained tenure-track positions at Chicago, Harvard, Johns Hopkins, MIT, Northwestern, NYU, UPenn and many more. ", Peters, Michael & Severinov, Sergei, 2005. 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. Michael Peters. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. 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. Speaker(s) Location. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Sort. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. To link different versions of the same work, where versions have a different title, use this form. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. In my research I focus primarily on economic growth and long-run economic development. ", Halevy, Yoram & Peters, Michael, 2007. I think we need more work to understand what happens when the population shrinks. I think there are so many related interesting and important questions to work on. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. ", Michael Peters & Ralph A. 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Allen Head. target no need to return item. Penn State now offers a two-year program designated only for the M.A.