Michael Peters - Contact Welcome to my website! Footer Menu. Speaker(s) Location. Before joining Yale University, he held a position at the London School of Economics. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Is the rise of services only due to income effects or can growth be service-led? For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Sort. 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. firm and location productivity arecomplements and labor market frictions are sufficiently large. 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. Macroeconomics Development Economics Growth. 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. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. ", Peters, Michael & Szentes, Balazs, 2009. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Michael Peters. 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. [8] ", Celik, Gorkem & Peters, Michael, 2011. 180 * 2021: Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Michael Peters from Yale will present Spatial Structural Change. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Follow. 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? 6 October, 2021 4:00 pm-6:00 pm. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. Verified email at columbia.edu - Homepage. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Department of Economics. 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. Virtual. Their, This "Cited by" count includes citations to the following articles in Scholar. The system can't perform the operation now. Title. 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. 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 some exciting areas for further research in this area? This particular setting is, of course, close to my heart. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>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. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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). 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. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Articles Cited by Co-authors. ". January 2021 CFP 1710 Author(s) Michael Peters. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. ", Peters, Michael & Severinov, Sergei, 2005. J Blaum, C Lelarge, M Peters. Journal of Urban Economics, Volume 120, July 2022, 103454. However, these gains were heavily skewed toward high-income households living in urban districts. Try again later. I am an Associate Professor in the Economics Department at Yale. American Economic Review. 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". interests: Trade, Economic Geography, and Macroeconomics contact: . 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. 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. To link different versions of the same work, where versions have a different title, use this form. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 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. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. & Severinov,S., 2001. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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. What were the results? Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Productive firms thus settle in productive. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. 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. For the case of India, service-led growth was an important driver of risingliving standard. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. I think there are so many related interesting and important questions to work on. I think we need more work to understand what happens when the population shrinks. 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. 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 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. Increases in per-capita income, particularly in the long run. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 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). Fabrizio Zilibotti. Phone (613) 533-2250 Fax (613) 533-6668 Email https . What motivated you to take on this research question? Michael Peters Economics Department, Yale University Verified email at yale.edu Teresa Fort Associate Professor, Tuck School of Business at Dartmouth, NBER, CEPR Verified email at tuck.dartmouth.edu Peter K. Schott Juan Trippe Professor of Economics, Yale School of Management & NBER & CEPR Verified email at yale.edu 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. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . There, details are also given on how to add or correct references and citations. 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. 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. The emergence of new cities in Rural America played a big part for this transition. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Second, the refugees were allocated to rural areas and not to urban centers. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 37 (2), pages 281-306, November. The large inflows led to persistent changes in the sectoral composition of the local economy. degree in economics. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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). endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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. Verified email at yale.edu. Title . Box 21345, New . 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 first months where very discouraging because so little data seemed to have survived. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. 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. Penn State now offers a two-year program designated only for the M.A. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Economics Department, Yale University. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. 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. Sort by citations Sort by year Sort by title. Most demographers expect the global population to decline starting by around 2065. The Geography of Remote Work . ", Michael Peters & Sergei Severinov, 1995. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Peters,M. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Michael Peters & Sergei Severinov, 2008. 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. Research. 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. See all articles by Michael Peters Michael Peters. 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. 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.
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