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. Title. ", Peters, Michael & Severinov, Sergei, 2006. January 2021 CFP 1710 Author(s) Michael Peters. U Akcigit, H Alp, M Peters. Being from Germany myself, one hears lots of stories about the WW2 expulsion. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. "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. You can help correct errors and omissions. What are the policy implications, if any, of this research? hWR8~}aU)$pnf[=dXdf3
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p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Winter, 1983. View Michael Peters' profile on LinkedIn, the world's largest professional community. J Blaum, C Lelarge, M Peters. His research mostly focuses on macroeconomics, economic development and growth, and international trade. American Economic Review. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. All Rights Reserved. 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 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. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. 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. For the case of India, service-led growth was an important driver of risingliving standard. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Michael Peters Economics Department, . 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Conor Walsh. In his research he focuses on economic growth and long-run economic development. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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 make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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. Skip to main content Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. To link different versions of the same work, where versions have a different title, use this form. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. %PDF-1.5
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In my research I focus primarily on economic growth and long-run economic development. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Footer Menu. 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. This inflow increased the German population by almost 20%. What were the results? [8] ", Michael Peters & Sergei Severinov, 1995. ", Halevy, Yoram & Peters, Michael, 2007. Phone (613) 533-2250 Fax (613) 533-6668 Email https . Michael Peters Economics Department, Yale University Verified email at yale.edu. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Sort by citations Sort by year Sort by title. The Geography of Remote Work . So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. I think we need more work to understand what happens when the population shrinks. 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. The large inflows led to persistent changes in the sectoral composition of the local economy. ", Michael Peters & Sergei Severinov, 2001. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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. A minor in economics is open to students enrolled in any college. Peters,M. Box 21345, New . 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. Yale University - Department of Economics; Yale University - Cowles Foundation. 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. 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. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. ". Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. . My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Title . I am an Associate Professor in the Economics Department at Yale. Try again later. 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 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. 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. ", Celik, Gorkem & Peters, Michael, 2011. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. To what extent these findings have a direct relevance for immigration policy today, is a great question. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade.
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At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Social Menu. . What are some exciting areas for further research in this area? American Economic Review 111 (1), 231-75, 2021. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . 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. I started working on growth theory during my PhD at MIT. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. And they, luckily, had taken pictures of the old census publications, which I could digitize. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Productive firms thus settle in productive. 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. 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. Penn State now offers a two-year program designated only for the M.A. 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 This particular setting is, of course, close to my heart. There, details are also given on how to add or correct references and citations. 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). Sort. 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. The findings echo Acemoglu et al. 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. 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. . Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Affiliation: Yale. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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. Their, This "Cited by" count includes citations to the following articles in Scholar. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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 & Severinov, Sergei, 2003. At least three aspects of this study seem particularly context specific. 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. Macroeconomics Development Economics Growth. Before joining Yale University, he held a position at the London School of Economics. 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). Journal of Urban Economics, Volume 120, July 2022, 103454. 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 . ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. ", Sergei Severinov & Michael Peters, 2004. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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. firm and location productivity arecomplements and labor market frictions are sufficiently large. Michael Peters ; Michael Peters . A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. ", Celik, Gorkem & Peters, Michael, 2008. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Create your own unique website with customizable templates. For general information on how to correct material on RePEc, see these instructions. The emergence of new cities in Rural America played a big part for this transition. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. How do local economies respond to large increases to the size of their population? There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. American Economic Journal . Macroeconomics Economic Growth Urban Economics. 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. 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. Cited by. 37 (2), pages 281-306, November. Increases in per-capita income, particularly in the long run. 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. The first months where very discouraging because so little data seemed to have survived. 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. The following articles are merged in Scholar. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Author(s) Michael Peters. See all articles by Michael Peters Michael Peters. 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. 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. Articles Cited by Co-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. Some immigration is low-skilled, some immigration is high-skilled. 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). Michael Peters & Sergei Severinov, 2008. (2006). Michael Peters Economics Department, Yale University Verified email at . Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. target no need to return item. Start your day off right, with a Dayspring Coffee The system can't perform the operation now.