A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. . Penn State now offers a two-year program designated only for the M.A. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. [8] 0q$D~;4}
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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. 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. . 6 October, 2021 4:00 pm-6:00 pm. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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. Footer Menu. Title. ", Sergei Severinov & Michael Peters, 2004. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Productive firms thus settle in productive. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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. See all articles by Michael Peters Michael Peters. Is the rise of services only due to income effects or can growth be service-led? 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Author(s) Michael Peters. 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". But even within the US there are vast regional differences in the type of migrants that settle in different areas. U Akcigit, H Alp, M Peters. 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. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Articles Cited by Co-authors. 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. ", Peters, Michael & Szentes, Balazs, 2009. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Verified email at yale.edu. American Economic Review 111 (1), 231-75, 2021. Macroeconomics Economic Growth Urban Economics. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. 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. What are the policy implications, if any, of this research? For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Using variation across counties, I show that the settlement of refugees had large and persistent effects on the size of the local popula- tion, manufacturing employment, and income per capita. Create your own unique website with customizable templates. American Economic Review. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Michael Peters. Department of Economics. Allen Head. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Macroeconomics Development Economics Growth. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. What are some exciting areas for further research in this area? Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Being from Germany myself, one hears lots of stories about the WW2 expulsion. %PDF-1.5
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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. 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. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods hWR8~}aU)$pnf[=dXdf3
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p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Peters,M. "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. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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 findings echo Acemoglu et al. Yale University - Department of Economics; Yale University - Cowles Foundation. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. For general information on how to correct material on RePEc, see these instructions. Research. Conor Walsh. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. (2006). 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. However, these gains were heavily skewed toward high-income households living in urban districts. hbbd``b`*@q`$3DY $,> L@)"3` 2 . Michael Peters Economics Department, Yale University Verified email at yale.edu. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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. Fabrizio Zilibotti. Sort by citations Sort by year Sort by title. 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. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Skip to main content In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. January 2021 CFP 1710 Author(s) Michael Peters. 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 and a Faculty Research Fellow at the NBER. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. 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. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. degree in economics. Michael Peters - Contact Welcome to my website! 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. Try again later. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 19 0 obj
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To link different versions of the same work, where versions have a different title, use this form. You can help correct errors and omissions. 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). The emergence of new cities in Rural America played a big part for this transition. 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 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). J Blaum, C Lelarge, M Peters. Affiliation: Yale. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. ", Michael Peters & Ralph A. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. interests: Trade, Economic Geography, and Macroeconomics contact: . With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Michael Peters Economics Department, . 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. ", Michael Peters & Sergei Severinov, 1995. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Michael Peters Economics Department, Yale University Verified email at . To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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. The large inflows led to persistent changes in the sectoral composition of the local economy. 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. There, details are also given on how to add or correct references and citations. Like Tweet Share. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Michael Peters & Sergei Severinov, 2008. 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. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Sort. At least three aspects of this study seem particularly context specific. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. ", Peters, Michael & Severinov, Sergei, 2003. At a very general level, I am pretty confident that population density leads to higher productivity and there is a large empirical literature in urban economics that provides evidence for this to be the case. 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 Increases in per-capita income, particularly in the long run. 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. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Yale Department of Economics. ", Halevy, Yoram & Peters, Michael, 2007. Their, This "Cited by" count includes citations to the following articles in Scholar. 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. Box 21345, New . Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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 Economics 1995 This paper explores two models of an economy in which contracts are exchanged. The Geography of Remote Work . To what extent these findings have a direct relevance for immigration policy today, is a great question. I think we need more work to understand what happens when the population shrinks. This particular setting is, of course, close to my heart. What were the results? Some immigration is low-skilled, some immigration is high-skilled. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. 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. Economics Department, Yale University. In his research he focuses on economic growth and long-run economic development. 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.