michael peters economics

But even within the US there are vast regional differences in the type of migrants that settle in different areas. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Some immigration is low-skilled, some immigration is high-skilled. ", Celik, Gorkem & Peters, Michael, 2011. What were the results? 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. Department of Economics. hbbd``b`*@q`$3DY $,> L@)"3` 2 For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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). 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. 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. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. To what extent these findings have a direct relevance for immigration policy today, is a great question. 180 * 2021: Speaker(s) Location. . 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, Heterogeneous Markups, Growth, and Endogenous Misallocation. endstream endobj startxref 0 %%EOF 43 0 obj <>stream My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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 & Sergei Severinov, 2001. Fabrizio Zilibotti. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Michael Peters & Sergei Severinov, 2008. 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. 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 How do local economies respond to large increases to the size of their population? Ming Xu. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. 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 SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. However, these gains were heavily skewed toward high-income households living in urban districts. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. January 2021 CFP 1710 Author(s) Michael Peters. Before joining Yale University, he held a position at the London School of Economics. There, details are also given on how to add or correct references and citations. His research mostly focuses on macroeconomics, economic development and growth, and international trade. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Journal of Urban Economics, Volume 120, July 2022, 103454. . The large inflows led to persistent changes in the sectoral composition of the local economy. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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 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). What motivated you to take on this research question? 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. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. ", Peters, Michael & Severinov, Sergei, 2006. 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. Is the rise of services only due to income effects or can growth be service-led? 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. Empirical Evidence from the Executive Labor Market, Reciprocal Relationships and Mechanism Design, Reciprocal relationships and mechanism design, Canadian Journal of Economics/Revue canadienne d'conomique, On the Revelation Principle and Reciprocal Mechanisms in Competing Mechanism Games, Other Regarding Preferences: Outcomes, Intentions, or Interdependence, Non-cooperative foundations of hedonic equilibrium, The Pre-Marital Investment Game: Addendum, Technical Appendix to Internet Auctions with Many Traders, Unobservable Heterogeneity in Directed Search, Internet Trading Mechanisms And Rational Expectations, Econometric Society 2004 North American Winter Meetings, Pure Strategies and No Externalities with Multiple Agents, Negotiation and Take it or Leave it in Common Agency, Negotiation and take it or leave it in common agency, Common Agency and the Revelation Principle, Limits of Exact Equilibria for Capacity Constrained Sellers with costlySearch, Limits of Exact Equilibria for Capacity Constrained Sellers with Costly Search, Competition Among Mechanism Designers in a Common Value Environment, Competition among mechanism designers in a common value environment, A Revelation Principle For Competing Mechanisms, A Revelation Principle for Competing Mechanisms, On the Equivalence of Walrasian and Non-Walrasian Equilibria in Contract Markets: The case of Complete Contracts, Competition Among Sellers who offer Auctions Instead of Prices, Competition among Sellers Who Offer Auctions Instead of Prices, Dynamic Monopoly Power When Search is Costly, Noncontractible Heterogeneity in Directed Search, Erratum to "Negotiation and take it or leave it in common agency": [Journal of Economic Theory 111 (2003) 88-109], Pure strategy and no-externalities with multiple agents, Decentralized Markets and Endogenous Institutions, Incentive-Consistent Matching Processes for Problems with ex Ante Pricing, Equilibrium Mechanisms in a Decentralized Market, On the Efficiency of Ex Ante and Ex Post Pricing Institutions, Ex Ante Price Offers in Matching Games Non-steady States, Research and development with publicly observable outcomes, Bertrand Equilibrium with Capacity Constraints and Restricted Mobility, Market Equilibrium and the Resolution of Uncertainty, Labour contracts in a stock market economy, Number of Distinct Works, Weighted by Simple Impact Factor, Number of Distinct Works, Weighted by Recursive Impact Factor, Number of Distinct Works, Weighted by Number of Authors and Simple Impact Factors, Number of Distinct Works, Weighted by Number of Authors and Recursive Impact Factors, Number of Citations, Weighted by Simple Impact Factor, Number of Citations, Weighted by Recursive Impact Factor, Number of Citations, Weighted by Recursive Impact Factor, Discounted by Citation Age, Number of Citations, Weighted by Number of Authors, Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Discounted by Citation Age, Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Discounted by Citation Age, Number of Journal Pages, Weighted by Simple Impact Factor, Number of Journal Pages, Weighted by Recursive Impact Factor, Number of Journal Pages, Weighted by Number of Authors, Number of Journal Pages, Weighted by Number of Authors and Simple Impact Factors, Number of Journal Pages, Weighted by Number of Authors and Recursive Impact Factors, Queen's Economics Department PhD Graduates, 1980 Economics Department; Queen's University (from, Li, Kun & Peters, Michael & Xu, Pai, 2013. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 37 (2), pages 281-306, November. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. 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. 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 . Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . 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. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 6 October, 2021 4:00 pm-6:00 pm. J Blaum, C Lelarge, M Peters. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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. Conor Walsh. I started working on growth theory during my PhD at MIT. %PDF-1.5 % His research mostly focuses on macroeconomics, economic development and growth, and international trade. Box 21345, New . 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. To link different versions of the same work, where versions have a different title, use this form. Virtual. & Severinov,S., 2001. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 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. interests: Trade, Economic Geography, and Macroeconomics contact: . 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. Second, the refugees were allocated to rural areas and not to urban centers. Create your own unique website with customizable templates. 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. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Increases in per-capita income, particularly in the long run. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. I think there are so many related interesting and important questions to work on. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. A minor in economics is open to students enrolled in any college. 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. For the case of India, service-led growth was an important driver of risingliving standard. The following articles are merged in Scholar. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Verified email at yale.edu. ", Peters, Michael & Szentes, Balazs, 2009. Title . American Economic Review. 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. And they, luckily, had taken pictures of the old census publications, which I could digitize. Being from Germany myself, one hears lots of stories about the WW2 expulsion. ", Epstein, Larry G. & Peters, Michael, 1999. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. ", Peters, Michael & Severinov, Sergei, 1997. 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>. Start your day off right, with a Dayspring Coffee The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Michael Peters. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com

Shuttle Omaha To Lincoln, Palm Beach County Clerk Of Court Forms, Rooftop Basketball Court Melbourne, Articles M