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. Michael Peters & Sergei Severinov, 2008. [8] Research. Affiliation: Yale. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Yale Department of Economics. Title. 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. To what extent these findings have a direct relevance for immigration policy today, is a great question. What motivated you to take on this research question? U Akcigit, H Alp, M Peters. You can help correct errors and omissions. hbbd``b`*@q`$3DY $,> L@)"3` 2 This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Increases in per-capita income, particularly in the long run. For the case of India, service-led growth was an important driver of risingliving standard. The Geography of Remote Work . . 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 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 would love to see more quantitative work on the consequences of migration that takes such differences into account. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Powered by Create your own unique website with customizable templates. ", Michael Peters & Ralph A. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. Footer Menu. 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Skip to main content By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. degree in economics. His research mostly focuses on macroeconomics, economic development and growth, and international trade. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Ming Xu. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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. 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. 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. 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 Economics Department, Yale University. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Michael Peters Economics Department, . Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. (2006). Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Title . View Michael Peters' profile on LinkedIn, the world's largest professional community. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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. Verified email at yale.edu. Sort. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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 started working on growth theory during my PhD at MIT. The first months where very discouraging because so little data seemed to have survived. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 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. Allen Head. 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 His research mostly focuses on macroeconomics, economic development and growth, and international trade. However, these gains were heavily skewed toward high-income households living in urban districts. 6 October, 2021 4:00 pm-6:00 pm. January 2021 CFP 1710 Author(s) Michael Peters. 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. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Articles Cited by Co-authors. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Conor Walsh. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Michael Peters Economics Department, Yale University Verified email at . The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. 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. For general information on how to correct material on RePEc, see these instructions. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Michael Peters. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. The system can't perform the operation now. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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. ", Epstein, Larry G. & Peters, Michael, 1999. Virtually all theories of economic growth predict a positive relationship between population size and productivity. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 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. Peters,M. ", Michael Peters & Sergei Severinov, 2001. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. The emergence of new cities in Rural America played a big part for this transition. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. target no need to return item. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Michael Peters - Contact Welcome to my website! In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. All material on this site has been provided by the respective publishers and authors. Fabrizio Zilibotti. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Follow. ", Peters, Michael & Szentes, Balazs, 2009. Being from Germany myself, one hears lots of stories about the WW2 expulsion. His research mostly focuses on macroeconomics, economic development and growth, and international trade. American Economic Review. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Penn State now offers a two-year program designated only for the M.A. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. American Economic Journal . ", Celik, Gorkem & Peters, Michael, 2011. I think there are so many related interesting and important questions to work on. Is the rise of services only due to income effects or can growth be service-led? 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 See all articles by Michael Peters Michael Peters. The large inflows led to persistent changes in the sectoral composition of the local economy. Like Tweet Share. Speaker(s) Location. Productive firms thus settle in productive. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. In my research I focus primarily on economic growth and long-run economic development. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. This particular setting is, of course, close to my heart. In his research he focuses on economic growth and long-run economic development. In his research he focuses on economic growth and long-run economic development. & Severinov,S., 2001. 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? ", Sergei Severinov & Michael Peters, 2004. . Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. 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 from Yale will present Spatial Structural Change. Some immigration is low-skilled, some immigration is high-skilled. Most demographers expect the global population to decline starting by around 2065. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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). ", Michael Peters & Sergei Severinov, 1995. 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. Social Menu. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. I am an Associate Professor in the Economics Department at Yale. 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 . "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. 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. J Blaum, C Lelarge, M Peters. Author(s) Michael Peters. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. The findings echo Acemoglu et al. 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. Create your own unique website with customizable templates. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. ", Peters, Michael & Severinov, Sergei, 2005. Virtual. The breakthrough came at visit to Stanford, when I realized that the Hoover Institute had hundreds of old microfilms of the data the US military government collected in the late 1940s and 1950s. 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. 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". Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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 A minor in economics is open to students enrolled in any college. ", Michael Peters & Sergei Severinov, 2008. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Department of Economics. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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.
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