", Halevy, Yoram & Peters, Michael, 2007. Macroeconomics Economic Growth Urban Economics. Box 21345, New . In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. "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 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). See all articles by Michael Peters Michael Peters. ", Michael Peters & Sergei Severinov, 2008. Productive firms thus settle in productive. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Fabrizio Zilibotti. 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. The first months where very discouraging because so little data seemed to have survived. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Economics Department, Yale University. %PDF-1.5
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", Epstein, Larry G. & Peters, Michael, 1999. 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 [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife
[email protected] Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 2023 National Bureau of Economic Research. To what extent these findings have a direct relevance for immigration policy today, is a great question. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Powered by Create your own unique website with customizable templates. 37 (2), pages 281-306, November. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. 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. U Akcigit, H Alp, M Peters. Footer Menu. ", Peters, Michael & Szentes, Balazs, 2009. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Second, the refugees were allocated to rural areas and not to urban centers. What were the results? 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. 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. Allen Head. 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. hWR8~}aU)$pnf[=dXdf3
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p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. American Economic Review. Try again later. January 2021 CFP 1710 Author(s) Michael Peters. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. 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. ", Michael Peters & Ralph A. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. 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. For the case of India, service-led growth was an important driver of risingliving standard. 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 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 For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. I think there are so many related interesting and important questions to work on. MICHAEL PETERS AUGUST 2022 Contact Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 eMail:
[email protected] Academic Appointments 2021-2022 Visiting Scholar, New York University Stern School of Business Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Sort. ", Michael Peters & Sergei Severinov, 2001. ", Peters, Michael & Severinov, Sergei, 2005. 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. In his research he focuses on economic growth and long-run economic development. American Economic Review 111 (1), 231-75, 2021. The findings echo Acemoglu et al. Michael Peters. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 0q$D~;4}
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In my research I focus primarily on economic growth and long-run economic development. ", Peters, Michael & Severinov, Sergei, 2003. 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. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. Department of Economics. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Journal of Urban Economics, Volume 120, July 2022, 103454. Verified email at yale.edu. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . Author(s) Michael Peters. 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. Michael Peters | Yale Economic Growth Center Home People Michael Peters Faculty Associate Professor of Economics Contact P. 203-436-8475 E.
[email protected] Expertise Development Economics, International Trade, Macroeconomics Website Download C.V. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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. 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. Yale Department of Economics. Columbia University. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. At least three aspects of this study seem particularly context specific. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Start your day off right, with a Dayspring Coffee What are the policy implications, if any, of this research? 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. degree in economics. Peters,M. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. 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. 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).