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. Speaker(s) Location. And they, luckily, had taken pictures of the old census publications, which I could digitize. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Before joining Yale University, he held a position at the London School of Economics. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Articles Cited by Co-authors. The system can't perform the operation now. Ufuk Akcigit - Google Scholar ". The emergence of new cities in Rural America played a big part for this transition. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Michael Peters | Yale Economic Growth Center Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Solutions Manual - Michael Peters View Michael Peters' profile on LinkedIn, the world's largest professional community. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. American Economic Journal . 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. 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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. U Akcigit, H Alp, M Peters. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Michael Peters from Yale will present Spatial Structural Change. Allen Head. 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. 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. 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. Verified email at columbia.edu - Homepage. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. %PDF-1.5 % ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Their, This "Cited by" count includes citations to the following articles in Scholar. 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. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Michael Peters | IDEAS/RePEc Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. The large inflows led to persistent changes in the sectoral composition of the local economy. Financial Accounting in an Economic Context - Jamie Pratt, Michael F 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. How do local economies respond to large increases to the size of their population? 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). Michael Peters - Contact Welcome to my website! ", Celik, Gorkem & Peters, Michael, 2008. 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. 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. Michael Peters. 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. ", Michael Peters & Sergei Severinov, 2001. 180 * 2021: . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. To what extent these findings have a direct relevance for immigration policy today, is a great question. 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. Financial Accounting, 11th Edition | Wiley ", Epstein, Larry G. & Peters, Michael, 1999. 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. The Geography of Remote Work . New Research by Michael Peters on the Economic Consequences of Refugee 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. The Gains from Input Trade with Heterogeneous Importers Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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. This particular setting is, of course, close to my heart. I started working on growth theory during my PhD at MIT. Title . To link different versions of the same work, where versions have a different title, use this form. Is the rise of services only due to income effects or can growth be service-led? What were the results? 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods firm and location productivity arecomplements and labor market frictions are sufficiently large. Michael Peters Economics Department, Yale University Verified email at . Michael Peters - Contact Follow. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. ", Michael Peters & Ralph A. Columbia University. 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. 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 Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. I think we need more work to understand what happens when the population shrinks. [8] Start your day off right, with a Dayspring Coffee 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. ", Peters, Michael & Severinov, Sergei, 2005. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The Professor email Michael.Peters@ubc.ca 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. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. However, these gains were heavily skewed toward high-income households living in urban districts. 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. "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. Research | montoya.econ.ubc.ca 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. Conor Walsh. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. 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 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. hb```f``} cf`ah`.d0 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. 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. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation If the link between productivity and population size is different in the service sector, these findings might have little to tell us about the likely effects of immigration today. Michael Peters | VoxDev ", Sergei Severinov & Michael Peters, 2004. His research mostly focuses on macroeconomics, economic development and growth, and international trade. There, details are also given on how to add or correct references and citations. 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. Michael Peters - Vancouver School of Economics Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Fabian Eckert - Google Scholar I think there are so many related interesting and important questions to work on. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. Michael Peters | Queen's Economics Department I would love to see more quantitative work on the consequences of migration that takes such differences into account. For general information on how to correct material on RePEc, see these instructions. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Author(s) Michael Peters. 2023 National Bureau of Economic Research. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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 Michael Peters | Cowles Foundation for Research in Economics Creative Destruction, Distance to Frontier, and Economic Development by What are some exciting areas for further research in this area? Public profiles for Economics researchers, Curated articles & papers on economics topics, Upload your paper to be listed on RePEc and IDEAS, Pretend you are at the helm of an economics department, Data, research, apps & more from the St. Louis Fed, Initiative for open bibliographies in Economics, Have your institution's/publisher's output listed on RePEc, Matching by Luck or Search?
