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%PDF-1.5 % ", Peters, Michael & Severinov, Sergei, 2005. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. American Economic Review. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . 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. 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. 6 October, 2021 4:00 pm-6:00 pm. I started working on growth theory during my PhD at MIT. I am an Associate Professor in the Economics Department at Yale. 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. Some immigration is low-skilled, some immigration is high-skilled. 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. Economics Department, Yale University. 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. ", Celik, Gorkem & Peters, Michael, 2008. 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. And they, luckily, had taken pictures of the old census publications, which I could digitize. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. 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. Before joining Yale University, he held a position at the London School of Economics. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. Affiliation: Yale. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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). 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . 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. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. The Geography of Remote Work . His research mostly focuses on macroeconomics, economic development and growth, and international trade. Macroeconomics Economic Growth Urban Economics. Michael Peters. 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. Create your own unique website with customizable templates. To what extent these findings have a direct relevance for immigration policy today, is a great question. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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? I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Title . Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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". In my research I focus primarily on economic growth and long-run economic development. The emergence of new cities in Rural America played a big part for this transition. All Rights Reserved. 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. 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. 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Footer Menu. hbbd``b`*@q`$3DY $,> L@)"3` 2 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. 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. Michael Peters Economics Department, Yale University Verified email at . Michael Peters Economics Department, . 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. Social Menu. The findings echo Acemoglu et al. 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. To link different versions of the same work, where versions have a different title, use this form. Yale Department of Economics. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. ", Halevy, Yoram & Peters, Michael, 2007. In his research he focuses on economic growth and long-run economic development. degree in economics. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 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 department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream His research mostly focuses on macroeconomics, economic development and growth, and international trade. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. . There, details are also given on how to add or correct references and citations. View Michael Peters' profile on LinkedIn, the world's largest professional community. 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 the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. But even within the US there are vast regional differences in the type of migrants that settle in different areas. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . 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. Winter, 1983. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. However, these gains were heavily skewed toward high-income households living in urban districts. & Severinov,S., 2001. 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 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. endstream endobj startxref 0 %%EOF 43 0 obj <>stream Skip to main content The following articles are merged in Scholar. Sort by citations Sort by year Sort by title. I think we need more work to understand what happens when the population shrinks. Michael Peters - Contact Welcome to my website! Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Phone (613) 533-2250 Fax (613) 533-6668 Email https . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Research. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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. ", Michael Peters & Sergei Severinov, 2008. ", Celik, Gorkem & Peters, Michael, 2011. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring.