Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. 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 | NBER Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . 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. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . 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. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Michael Peters, Yale - Department of Economics 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 Published 1 October 2021 Economics SSRN Electronic Journal Virtually all theories of economic growth predict a positive relationship between population size and productivity. ", Peters, Michael & Severinov, Sergei, 2003. [PDF] The End of Economic Growth? Unintended Consequences of a 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. michael peters economics ubc ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Creative Destruction, Distance to Frontier, and Economic Development by 180 * 2021: 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. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Title . Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Verified email at columbia.edu - Homepage. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 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. For the case of India, service-led growth was an important driver of risingliving standard. A Revelation Principle for Competing Mechanisms My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. Research - Michael Peters The findings echo Acemoglu et al. Michael Peters - Contact Articles Cited by Co-authors. The system can't perform the operation now. January 2021 CFP 1710 Author(s) Michael Peters. Columbia University. 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 Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. hbbd``b`*@q`$3DY $,> L@)"3` 2 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. American Economic Review. degree in economics. See all articles by Michael Peters Michael Peters. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Phone (613) 533-2250 Fax (613) 533-6668 Email https . Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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. 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 His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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 . At least three aspects of this study seem particularly context specific. [PDF] Firm Creation and Local Growth | Semantic Scholar Affiliation: Yale. How do local economies respond to large increases to the size of their population? 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). Title. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The Michael Peters | Queen's Economics Department At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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". For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. . Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Michael Peters Economics Department, Yale University Verified email at yale.edu Teresa Fort Associate Professor, Tuck School of Business at Dartmouth, NBER, CEPR Verified email at tuck.dartmouth.edu Peter K. Schott Juan Trippe Professor of Economics, Yale School of Management & NBER & CEPR Verified email at yale.edu All Rights Reserved. Before joining Yale University, he held a position at the London School of Economics. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. ", Peters, Michael & Szentes, Balazs, 2009. The Geography of Remote Work . What are the policy implications, if any, of this research? My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. 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. 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. Fabrizio Zilibotti. 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. Financial Accounting in an Economic Context - Jamie Pratt, Michael F The large inflows led to persistent changes in the sectoral composition of the local economy. Michael Peters - Google Scholar Create your own unique website with customizable templates. Market Size and Spatial Growth - Evidence from Germany's Post-War You can help correct errors and omissions. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Start your day off right, with a Dayspring Coffee American Economic Review 111 (1), 231-75, 2021. What were the results? 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. In his research he focuses on economic growth and long-run economic development. A minor in economics is open to students enrolled in any college. I think we need more work to understand what happens when the population shrinks. 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. Virtual. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. The Gains from Input Trade with Heterogeneous Importers The emergence of new cities in Rural America played a big part for this transition. 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. To what extent these findings have a direct relevance for immigration policy today, is a great question. Cited by. ", Peters, Michael & Severinov, Sergei, 2006. 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. Sort by citations Sort by year Sort by title. Speaker(s) Location. Michael Peters Economics Department, Yale University Verified email at . Peters,M. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 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.
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