For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Journal of Urban Economics, Volume 120, July 2022, 103454. ", Celik, Gorkem & Peters, Michael, 2008. ", Epstein, Larry G. & Peters, Michael, 1999. Macroeconomics Development Economics Growth. . Macroeconomics Economic Growth Urban Economics. 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. 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. ", Peters, Michael & Severinov, Sergei, 2003. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . 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. A minor in economics is open to students enrolled in any college. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Footer Menu. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 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 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. . 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 To link different versions of the same work, where versions have a different title, use this form. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. Speaker(s) Location. ", Halevy, Yoram & Peters, Michael, 2007. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 In his research he focuses on economic growth and long-run economic development. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. For general information on how to correct material on RePEc, see these instructions. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Michael Peters - Contact Welcome to my website! This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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. Their, This "Cited by" count includes citations to the following articles in Scholar. 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. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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. Fabrizio Zilibotti. Michael Peters ; Michael Peters . 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. To what extent these findings have a direct relevance for immigration policy today, is a great question. In my research I focus primarily on economic growth and long-run economic development. American Economic Review 111 (1), 231-75, 2021. 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 I am an Associate Professor in the Economics Department at Yale. I think we need more work to understand what happens when the population shrinks. [8] A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 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. 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. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Yale University - Department of Economics; Yale University - Cowles Foundation. Penn State now offers a two-year program designated only for the M.A. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. What motivated you to take on this research question? Yale. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. interests: Trade, Economic Geography, and Macroeconomics contact: . You can help correct errors and omissions. & Severinov,S., 2001. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. firm and location productivity arecomplements and labor market frictions are sufficiently large. What were the results? Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Start your day off right, with a Dayspring Coffee 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. ", Peters, Michael & Severinov, Sergei, 2005. endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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. Social Menu. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Powered by Create your own unique website with customizable templates. 180 * 2021: 6 October, 2021 4:00 pm-6:00 pm. 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. This particular setting is, of course, close to my heart. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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). Sort by citations Sort by year Sort by title. Michael Peters Economics Department, Yale University Verified email at yale.edu. Before joining Yale University, he held a position at the London School of Economics. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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. Skip to main content A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Peters,M. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. This inflow increased the German population by almost 20%. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Students who receive a Ph.D. from Penn State and whose doctoral research is excellent have been recruited and sought after by leading academic and research institutions: our Ph.D. students have obtained tenure-track positions at Chicago, Harvard, Johns Hopkins, MIT, Northwestern, NYU, UPenn and many more. 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, . Increases in per-capita income, particularly in the long run. 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. Winter, 1983. %PDF-1.5 % ", Celik, Gorkem & Peters, Michael, 2011. What are some exciting areas for further research in this area? A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 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. J Blaum, C Lelarge, M Peters. 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. 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 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. ", Michael Peters & Sergei Severinov, 1995. 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 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). In this paper, I study a particular historical episode to provide direct evidence Expand 25 PDF Structural reforms to make the most of demographic change L. Mello Economics 2020 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. Economics Department, Yale University. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Professor email [email protected] phone 604 822 4418 location_on Iona Building 108 launch Personal Website file_download Download CV Research Area Theory About I am a Professor in the Vancouver School of Economics. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. ", Peters, Michael & Severinov, Sergei, 2006. Try again later. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. The findings echo Acemoglu et al. However, these gains were heavily skewed toward high-income households living in urban districts. . 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. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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 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. hb```f``} cf`ah`.d0 My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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). 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. The model can be solved analytically and allows for a precise theoretical characteri-zation of the underlying determinants of market power and its macroeconomic conse-quences.
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