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", Michael Peters & Sergei Severinov, 2008. Macroeconomics Development Economics Growth. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. [PDF] A folk theorem for competing mechanisms | Semantic Scholar I would love to see more quantitative work on the consequences of migration that takes such differences into account. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation Research | montoya.econ.ubc.ca About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 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. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 firm and location productivity arecomplements and labor market frictions are sufficiently large. 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. 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. American Economic Review 111 (1), 231-75, 2021. 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. 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. michael peters economics ubc Title . . Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. 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. 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. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Being from Germany myself, one hears lots of stories about the WW2 expulsion. All material on this site has been provided by the respective publishers and authors. target no need to return item. Market Size and Spatial Growth - Evidence from Germany's Post-War 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. 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. How do local economies respond to large increases to the size of their population? 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. 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 | IDEAS/RePEc This inflow increased the German population by almost 20%. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Michael Peters & Sergei Severinov, 1995. American Economic Journal . The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Start your day off right, with a Dayspring Coffee All Rights Reserved. A minor in economics is open to students enrolled in any college. %PDF-1.5 % Social Menu. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Research Conor Walsh A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Box 21345, New . 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Yale University - Department of Economics; Yale University - Cowles Foundation. [PDF] Firm Creation and Local Growth | Semantic Scholar Columbia University. Footer Menu. 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 . Michael Peters | Yale Economic Growth Center 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Ming Xu. 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. 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. See all articles by Michael Peters Michael Peters. Michael Peters | Cowles Foundation for Research in Economics Michael Peters Economics Department, . In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Cited by. 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 think we need more work to understand what happens when the population shrinks. Michael Peters. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. "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. Title. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com And they, luckily, had taken pictures of the old census publications, which I could digitize. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics degree in economics. 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. PDF MICHAEL PETERS A 2022 - Economics.yale.edu The Gains from Input Trade with Heterogeneous Importers 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). Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . ", Celik, Gorkem & Peters, Michael, 2008. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Create your own unique website with customizable templates. 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. 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. 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. Research - Michael Peters Michael Peters | Queen's Economics Department This particular setting is, of course, close to my heart. Michael Peters from Yale will present Spatial Structural Change. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. View Michael Peters' profile on LinkedIn, the world's largest professional community. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. ", Peters, Michael & Severinov, Sergei, 1997. Their, This "Cited by" count includes citations to the following articles in Scholar. Publications by author | Yale Department of Economics Phone (613) 533-2250 Fax (613) 533-6668 Email https . endstream endobj startxref 0 %%EOF 43 0 obj <>stream At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. Michael Peters Economics Department, Yale University Verified email at . What were the results? 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 Published 1 October 2021 Economics SSRN Electronic Journal Virtually all theories of economic growth predict a positive relationship between population size and productivity. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. ", Peters, Michael & Severinov, Sergei, 2005. Follow. Sort by citations Sort by year Sort by title. January 2021 CFP 1710 Author(s) Michael Peters. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department.