We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. michael peters economics ubc In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. But even within the US there are vast regional differences in the type of migrants that settle in different areas. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. All Rights Reserved. . Journal of Urban Economics, Volume 120, July 2022, 103454. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Footer Menu. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Michael Porter - Wikipedia Increases in per-capita income, particularly in the long run. "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. Penn State now offers a two-year program designated only for the M.A. 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. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Michael Peters ; Michael Peters . Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. 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. 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. Title . Phone (613) 533-2250 Fax (613) 533-6668 Email https . His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. 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. Michael Peters | VoxDev It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. What are some exciting areas for further research in this area? ", Celik, Gorkem & Peters, Michael, 2008. Verified email at yale.edu. How do local economies respond to large increases to the size of their population? Author(s) Michael Peters. You can help correct errors and omissions. 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. 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". 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. Department of Economics. Michael Peters is an Associate Professor of Economics at Yale University 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. Peters,M. Entrepreneurship - McGraw Hill Education Fabrizio Zilibotti - Google Scholar The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 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). Box 21345, New . 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. Financial Accounting in an Economic Context - Jamie Pratt, Michael F 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 . . fabian eckert 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. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . %PDF-1.5 % 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. Economics Department, Yale University. The findings echo Acemoglu et al. Affiliation: Yale. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. U Akcigit, H Alp, M Peters. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. ", Peters, Michael & Severinov, Sergei, 2005. What motivated you to take on this research question? I started working on growth theory during my PhD at MIT. 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 Economics 1995 This paper explores two models of an economy in which contracts are exchanged. 37 (2), pages 281-306, November. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. To what extent these findings have a direct relevance for immigration policy today, is a great question. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. I think we need more work to understand what happens when the population shrinks. Macroeconomics Economic Growth Urban Economics. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Try again later. Research Conor Walsh Before joining Yale University, he held a position at the London School of Economics. Michael Peters Economics Department, Yale University Verified email at . Michael Peters from Yale will present Spatial Structural Change. 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 first months where very discouraging because so little data seemed to have survived. 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. 180 * 2021: Michael Peters Economics Department, . Like Tweet Share. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 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). Powered by Create your own unique website with customizable templates. 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. 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. The following articles are merged in Scholar. The large inflows led to persistent changes in the sectoral composition of the local economy. 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 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 ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Title. [PDF] Firm Creation and Local Growth | Semantic Scholar American Economic Review 111 (1), 231-75, 2021. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Winter, 1983. Creative Destruction, Distance to Frontier, and Economic Development by The system can't perform the operation now. 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. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 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? Being from Germany myself, one hears lots of stories about the WW2 expulsion. Create your own unique website with customizable templates. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. ", Peters, Michael & Severinov, Sergei, 1997. What are the policy implications, if any, of this research? This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 6 October, 2021 4:00 pm-6:00 pm. Michael Peters - Google Scholar PDF Heterogeneous Markups, Growth, and Endogenous Misallocation American Economic Journal . Macroeconomics Development Economics Growth. 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. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. There, details are also given on how to add or correct references and citations. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. 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. Financial Accounting, 11th Edition | Wiley 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. 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. This particular setting is, of course, close to my heart. Most demographers expect the global population to decline starting by around 2065. Some immigration is low-skilled, some immigration is high-skilled. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Research - Michael Peters 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Sort. 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. Solutions Manual - Michael Peters Ufuk Akcigit - Google Scholar First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. & Severinov,S., 2001. 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. . 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.