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. [PDF] The End of Economic Growth? Unintended Consequences of a To what extent these findings have a direct relevance for immigration policy today, is a great question. 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). To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. (2006). ", Celik, Gorkem & Peters, Michael, 2008. I think we need more work to understand what happens when the population shrinks. 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 Title. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The 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. Research. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Michael Peters Economics Department, . A Revelation Principle for Competing Mechanisms 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. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. What are some exciting areas for further research in this area? For the case of India, service-led growth was an important driver of risingliving standard. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Social Menu. ", Peters, Michael & Severinov, Sergei, 1997. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. American Economic Review. Is the rise of services only due to income effects or can growth be service-led? 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. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. What are the policy implications, if any, of this research? MICHAEL PETERS AUGUST 2022 Contact Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 eMail: m.peters@yale.edu Academic Appointments 2021-2022 Visiting Scholar, New York University Stern School of Business Fabian Eckert - Google Scholar Speaker(s) Location. Michael Peters Economics Department, Yale University Verified email at . 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. Affiliation: Yale. "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. The breakthrough came at visit to Stanford, when I realized that the Hoover Institute had hundreds of old microfilms of the data the US military government collected in the late 1940s and 1950s. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Michael Porter - Wikipedia endstream endobj startxref 0 %%EOF 43 0 obj <>stream And they, luckily, had taken pictures of the old census publications, which I could digitize. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. ", Halevy, Yoram & Peters, Michael, 2007. 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. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Their, This "Cited by" count includes citations to the following articles in Scholar. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . [PDF] A folk theorem for competing mechanisms | Semantic Scholar This is, of course, exactly the link between productivity and population that, decades later, features so prominently in Paul Romers work on economic growth or Paul Krugmans work on economic geography. fabian eckert 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. 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. 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. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Research | montoya.econ.ubc.ca Penn State now offers a two-year program designated only for the M.A. The large inflows led to persistent changes in the sectoral composition of the local economy. Michael Peters | VoxDev Sort by citations Sort by year Sort by title. To link different versions of the same work, where versions have a different title, use this form. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Footer Menu. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Creative Destruction, Distance to Frontier, and Economic Development by 2023 National Bureau of Economic Research. . Yale. Columbia University. His research mostly focuses on macroeconomics, economic development and growth, and international trade. What were the results? Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. 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. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Productive firms thus settle in productive. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. This inflow increased the German population by almost 20%. Entrepreneurship - McGraw Hill Education Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . & Severinov,S., 2001. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. Michael Peters, Yale - Department of Economics interests: Trade, Economic Geography, and Macroeconomics contact: . There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Peters, Michael & Severinov, Sergei, 2006. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 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. You can help correct errors and omissions. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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". My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. See all articles by Michael Peters Michael Peters. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. 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 Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . 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. 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 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. Entrepreneurship, by Robert Hisrich, Michael Peters and Dean Shepherd has been designed to clearly instruct students on the process of formulating, planning, and implementing a new venture. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods
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