At least three aspects of this study seem particularly context specific. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Sort by citations Sort by year Sort by title. Some immigration is low-skilled, some immigration is high-skilled. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. ", Peters, Michael & Severinov, Sergei, 2003. 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". A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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. "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. Try again later. 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. 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 minor in economics is open to students enrolled in any college. 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. . 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. 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. Conor Walsh. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. (2006). Yale Department of Economics. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . All Rights Reserved. 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. 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. View Michael Peters' profile on LinkedIn, the world's largest professional community. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . How do local economies respond to large increases to the size of their population? Ming Xu. Columbia University. 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. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 180 * 2021: My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. ", Celik, Gorkem & Peters, Michael, 2011. What motivated you to take on this research question? American Economic Review. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Phone (613) 533-2250 Fax (613) 533-6668 Email https . Social Menu. I think there are so many related interesting and important questions to work on. 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. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. ", Peters, Michael & Severinov, Sergei, 2006. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Economics Department, Yale University. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Michael Peters Economics Department, . . So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. What are some exciting areas for further research in this area? 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. ", Michael Peters & Sergei Severinov, 2001. Research. ", Michael Peters & Ralph A. And they, luckily, had taken pictures of the old census publications, which I could digitize. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Sergei Severinov & Michael Peters, 2004. [8] Author(s) Michael Peters. Skip to main content 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. To what extent these findings have a direct relevance for immigration policy today, is a great question. Box 21345, New . 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 . 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. J Blaum, C Lelarge, M Peters. target no need to return item. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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? American Economic Review 111 (1), 231-75, 2021. 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. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Title. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. In his research he focuses on economic growth and long-run economic development. Macroeconomics Development Economics Growth. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Penn State now offers a two-year program designated only for the M.A. 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. Yale. 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. Footer Menu. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for.