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The following articles are merged in Scholar. I would love to see more quantitative work on the consequences of migration that takes such differences into account. & Severinov,S., 2001. See all articles by Michael Peters Michael Peters. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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. . Increases in per-capita income, particularly in the long run. ", Peters, Michael & Severinov, Sergei, 2003. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. How do local economies respond to large increases to the size of their population? ", Michael Peters & Sergei Severinov, 2008. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 37 (2), pages 281-306, November. Yale University - Department of Economics; Yale University - Cowles Foundation. 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. Is the rise of services only due to income effects or can growth be service-led? Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. The emergence of new cities in Rural America played a big part for this transition. Follow. 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 We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Second, the refugees were allocated to rural areas and not to urban centers. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . J Blaum, C Lelarge, M 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. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. ", Halevy, Yoram & Peters, Michael, 2007. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Powered by Create your own unique website with customizable templates. For the case of India, service-led growth was an important driver of risingliving standard. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. What were the results? Try again later. The Geography of Remote Work . 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. 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. 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 The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Author(s) Michael Peters. Like Tweet Share. Michael Peters Economics Department, Yale University Verified email at yale.edu. Peters,M. 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). But even within the US there are vast regional differences in the type of migrants that settle in different areas. Articles Cited by Co-authors. Michael Peters. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. My parents grew up in the West, but remember that they had to share their apartment with refugees from the East in the immediate war periods because housing was so scarce. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. 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. Sort by citations Sort by year Sort by title. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Penn State now offers a two-year program designated only for the M.A. 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 what extent these findings have a direct relevance for immigration policy today, is a great question. 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 . 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. Michael Peters Economics, Biology 2014 TLDR This paper provides a set of mechanisms that have the property that every outcome that can be supported as a Bayesian equilibrium in a competing mechanism game can be support as an equilibrium in reciprocal mechanisms. . 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? Winter, 1983. Productive firms thus settle in productive. 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. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . 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 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. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Before joining Yale University, he held a position at the London School of Economics. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Virtual. What are the policy implications, if any, of this research? Social Menu. I started working on growth theory during my PhD at MIT. You can help correct errors and omissions. Sort. "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. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Verified email at columbia.edu - Homepage. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. This inflow increased the German population by almost 20%. 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, . Economics Department, Yale University. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Michael Peters - Contact Welcome to my website! 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. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Macroeconomics Economic Growth Urban Economics. I think we need more work to understand what happens when the population shrinks. 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 6 October, 2021 4:00 pm-6:00 pm. 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. American Economic Review 111 (1), 231-75, 2021. However, these gains were heavily skewed toward high-income households living in urban districts. Footer Menu. 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 Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. ", Peters, Michael & Severinov, Sergei, 2006. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. ", Peters, Michael & Severinov, Sergei, 1997. Title . hbbd``b`*@q`$3DY $,> L@)"3` 2 Speaker(s) Location. Department of Economics. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II.