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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. . ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. What are the policy implications, if any, of this research? His research mostly focuses on macroeconomics, economic development and growth, and international trade. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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. The findings echo Acemoglu et al. 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. 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. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. 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. 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. 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. ". Virtually all theories of economic growth predict a positive relationship between population size and productivity. Footer Menu. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. All material on this site has been provided by the respective publishers and authors. 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. 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. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. The system can't perform the operation now. 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. Allen Head. ", Peters, Michael & Severinov, Sergei, 1997. 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. hb```f``} cf`ah`.d0 ", Michael Peters & Ralph A. 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). The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 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. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. . For the case of India, service-led growth was an important driver of risingliving standard. 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. 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 Before joining Yale University, he held a position at the London School of Economics. ", Michael Peters & Sergei Severinov, 2001. 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 Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. degree in economics. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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. I think there are so many related interesting and important questions to work on. To link different versions of the same work, where versions have a different title, use this form. Conor Walsh. Michael Peters Economics Department, . 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. View Michael Peters' profile on LinkedIn, the world's largest professional community. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Columbia University. There, details are also given on how to add or correct references and citations. I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. 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. This particular setting is, of course, close to my heart. 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. 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 Peters Published 1 October 2021 Economics SSRN Electronic Journal Virtually all theories of economic growth predict a positive relationship between population size and productivity. I am an Associate Professor in the Economics Department at Yale. ", Sergei Severinov & Michael Peters, 2004. Research. Economics Department, Yale University. 2023 National Bureau of Economic Research. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. What motivated you to take on this research 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). Penn State now offers a two-year program designated only for the M.A. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Yale University - Department of Economics; Yale University - Cowles Foundation. Box 21345, New . 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 is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. 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. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Peters,M.
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