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. Yale Department of Economics. Second, the refugees were allocated to rural areas and not to urban centers. Try again later. U Akcigit, H Alp, M Peters. 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. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . 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 following articles are merged in Scholar. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. 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. What were the results? The emergence of new cities in Rural America played a big part for this transition. 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. Research. Title. Social Menu. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. firm and location productivity arecomplements and labor market frictions are sufficiently large. 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. ", Peters, Michael & Severinov, Sergei, 2006. ", Peters, Michael & Severinov, Sergei, 1997. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. In my research I focus primarily on economic growth and long-run economic development. Penn State now offers a two-year program designated only for the M.A. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. ", Michael Peters & Sergei Severinov, 1995. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. [8] ", Peters, Michael & Szentes, Balazs, 2009. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 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 I think we need more work to understand what happens when the population shrinks. American Economic Journal . ", Peters, Michael & Severinov, Sergei, 2003. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. His research mostly focuses on macroeconomics, economic development and growth, and international trade. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. How do local economies respond to large increases to the size of their population? 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 Their, This "Cited by" count includes citations to the following articles in Scholar. 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. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Yale University - Department of Economics; Yale University - Cowles Foundation. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Sort by citations Sort by year Sort by title. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Ming Xu. Box 21345, New . Affiliation: Yale. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. This inflow increased the German population by almost 20%. %PDF-1.5 % As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. 6 October, 2021 4:00 pm-6:00 pm. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. ", Halevy, Yoram & Peters, Michael, 2007. A minor in economics is open to students enrolled in any college. 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. 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 At least three aspects of this study seem particularly context specific. 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. 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 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 Follow. ", Michael Peters & Ralph A. 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). Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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". endstream endobj startxref 0 %%EOF 43 0 obj <>stream About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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. Verified email at yale.edu. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. There, details are also given on how to add or correct references and citations. 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 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. Michael Peters Economics Department, Yale University Verified email at . To what extent these findings have a direct relevance for immigration policy today, is a great question. . hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>.
Mark Greaney Conservative,
Nash County, Nc Mugshots 2021,
Battle Of Saipan Casualty List,
Hill Dickinson Salary,
Healing Affirmations For Lungs,
Articles M