His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. 6 October, 2021 4:00 pm-6:00 pm. Allen Head. . CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. ", Michael Peters & Sergei Severinov, 2008. To what extent these findings have a direct relevance for immigration policy today, is a great question. 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. Yale Department of Economics. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 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. Conor Walsh. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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. Yale University - Department of Economics; Yale University - Cowles Foundation. 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. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. 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. How do local economies respond to large increases to the size of their population? ", Peters, Michael & Szentes, Balazs, 2009. Skip to main content 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. Second, the refugees were allocated to rural areas and not to urban centers. Try again later. The first months where very discouraging because so little data seemed to have survived. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. ", Epstein, Larry G. & Peters, Michael, 1999. For the case of India, service-led growth was an important driver of risingliving standard. 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. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. A minor in economics is open to students enrolled in any college. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. But even within the US there are vast regional differences in the type of migrants that settle in different areas. What are some exciting areas for further research in this area? Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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 ", Peters, Michael & Severinov, Sergei, 1997. And they, luckily, had taken pictures of the old census publications, which I could digitize. 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. 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. 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. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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 & Ralph A. 37 (2), pages 281-306, November. Michael Peters Economics Department, . At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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). ", Halevy, Yoram & Peters, Michael, 2007. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Michael Peters Economics Department, Yale University Verified email at yale.edu. Like Tweet Share. I started working on growth theory during my PhD at MIT. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. U Akcigit, H Alp, M Peters. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. Articles Cited by Co-authors. ", Michael Peters & Sergei Severinov, 2001. hbbd``b`*@q`$3DY $,> L@)"3` 2 He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. & Severinov,S., 2001. 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. This particular setting is, of course, close to my heart. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. You can help correct errors and omissions. 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. 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. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Powered by Create your own unique website with customizable templates. Author(s) Michael Peters. 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. . Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Macroeconomics Development Economics Growth. Sort. 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. J Blaum, C Lelarge, M Peters. Research. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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 . 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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). What were the results? 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 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. 180 * 2021: I think there are so many related interesting and important questions to work on. In his research he focuses on economic growth and long-run economic development. Winter, 1983. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. interests: Trade, Economic Geography, and Macroeconomics contact: . Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Columbia University. 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 & Sergei Severinov, 2008. The Geography of Remote Work . Their, This "Cited by" count includes citations to the following articles in Scholar. 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. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Follow. 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. The large inflows led to persistent changes in the sectoral composition of the local economy. I think we need more work to understand what happens when the population shrinks. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . [8] January 2021 CFP 1710 Author(s) Michael Peters. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 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. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. "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. ", Sergei Severinov & Michael Peters, 2004. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. . American Economic Journal . degree in economics. Michael Peters from Yale will present Spatial Structural Change. Virtually all theories of economic growth predict a positive relationship between population size and productivity. There, details are also given on how to add or correct references and citations. See all articles by Michael Peters Michael Peters. Michael Peters. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 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. ", Peters, Michael & Severinov, Sergei, 2006. In his research he focuses on economic growth and long-run economic development. For general information on how to correct material on RePEc, see these instructions. 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 Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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.
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