Box 21345, New . The persistent long-term effects of the refugee settlement imply that the government policy of settling refugees in rural labor markets might have changed the long-term path of local industrialization in West Germany. What motivated you to take on this research question? Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. January 2021 CFP 1710 Author(s) Michael Peters. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. . Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. michael peters economics ubc Financial Accounting in an Economic Context - Jamie Pratt, Michael F Peters,M. 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. Some immigration is low-skilled, some immigration is high-skilled. 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. Powered by Create your own unique website with customizable templates. The Gains from Input Trade with Heterogeneous Importers Second, the refugees were allocated to rural areas and not to urban centers. fabian eckert Before joining Yale University, he held a position at the London School of Economics. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Ufuk Akcigit - Google Scholar For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. ", Sergei Severinov & Michael Peters, 2004. Michael Peters. Yale. Michael Peters - Vice President Corporate Strategy - LinkedIn In his research he focuses on economic growth and long-run economic development. I would love to see more quantitative work on the consequences of migration that takes such differences into account. Most demographers expect the global population to decline starting by around 2065. Affiliation: Yale. 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 Verified email at yale.edu. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Fabian Eckert - Google Scholar endstream endobj startxref 0 %%EOF 43 0 obj <>stream The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. Michael Peters - Contact Welcome to my website! In his research he focuses on economic growth and long-run economic development. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation (2006). This inflow increased the German population by almost 20%. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. ", Michael Peters & Ralph A. ", Michael Peters & Sergei Severinov, 1995. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 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. 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 Michael Peters | Cowles Foundation for Research in 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 Michael Peters | NBER Footer Menu. Michael Peters - Vancouver School of Economics First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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 | CEPR I think we need more work to understand what happens when the population shrinks. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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. For the case of India, service-led growth was an important driver of risingliving standard. Michael Peters - Contact " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. 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). Fabrizio Zilibotti - Google Scholar Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. U Akcigit, H Alp, M Peters. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. ", Peters, Michael & Szentes, Balazs, 2009. 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. 180 * 2021: 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. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. 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. . 37 (2), pages 281-306, November. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. J Blaum, C Lelarge, M Peters. See all articles by Michael Peters Michael Peters. 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 is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Peters | VoxDev Macroeconomics Development Economics Growth. However, these gains were heavily skewed toward high-income households living in urban districts. Michael Peters | Yale Department 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. 2023 National Bureau of Economic Research. firm and location productivity arecomplements and labor market frictions are sufficiently large. American Economic Review 111 (1), 231-75, 2021. 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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. target no need to return item. . Economics Department, Yale University. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. To what extent these findings have a direct relevance for immigration policy today, is a great question. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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 Articles Cited by Co-authors. American Economic Journal . Michael Peters | Queen's Economics Department 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 system can't perform the operation now. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Social Menu. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Follow. View Michael Peters' profile on LinkedIn, the world's largest professional community. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. hbbd``b`*@q`$3DY $,> L@)"3` 2 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. The large inflows led to persistent changes in the sectoral composition of the local economy. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods The following articles are merged in Scholar. 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. ", Epstein, Larry G. & Peters, Michael, 1999. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. A minor in economics is open to students enrolled in any college. Sort. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Yale Department of Economics. 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. 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 | 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. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Research - Michael Peters Productive firms thus settle in productive. 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? 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. ". His research mostly focuses on macroeconomics, economic development and growth, and international trade. Michael Peters from Yale will present Spatial Structural Change. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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. Michael Peters Economics Department, Yale University Verified email at . Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. The Geography of Remote Work . %PDF-1.5 % How do local economies respond to large increases to the size of their population? 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. Columbia University. PDF MICHAEL PETERS A 2022 - Economics.yale.edu Creative Destruction, Distance to Frontier, and Economic Development by Journal of Urban Economics, Volume 120, July 2022, 103454. 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. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Virtually all theories of economic growth predict a positive relationship between population size and productivity. Michael Peters Economics Department, . Sort by citations Sort by year Sort by title. 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 . ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Skip to main content The findings echo Acemoglu et al. 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. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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). I am an Associate Professor in the Economics Department at Yale. Title . Michael Peters, Yale - Department of Economics 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Market Size and Spatial Growth - Evidence from Germany's Post-War Research. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. ", Celik, Gorkem & Peters, Michael, 2011. I think there are so many related interesting and important questions to work on. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. There, details are also given on how to add or correct references and citations. Conor Walsh - Google Scholar 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. 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. Penn State now offers a two-year program designated only for the M.A. Virtual. 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. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. Macroeconomics Economic Growth Urban Economics. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Winter, 1983. 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. Like Tweet Share. 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. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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.
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