Affiliation: Yale. 180 * 2021: View Michael Peters' profile on LinkedIn, the world's largest professional community. ", Michael Peters & Sergei Severinov, 2001. PDF MICHAEL PETERS A 2022 - Economics.yale.edu 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. . Start your day off right, with a Dayspring Coffee My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Michael Peters | Queen's Economics Department Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. I think we need more work to understand what happens when the population shrinks. Michael Peters | IDEAS/RePEc Box 21345, New . Sort by citations Sort by year Sort by title. ", Sergei Severinov & Michael Peters, 2004. New research by Yale Economist Michael Peters suggests that a large refugee settlement after World War II had three important consequences: 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 & Sergei Severinov, 2008. 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. 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. Michael Peters Economics Department, Yale University Verified email at . endstream endobj startxref 0 %%EOF 43 0 obj <>stream ", Peters, Michael & Severinov, Sergei, 2003. Sort. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Productive firms thus settle in productive. Michael Peters | Cowles Foundation for Research in Economics 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods Footer Menu. All Rights Reserved. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Michael Peters - Contact Michael Peters - Contact Welcome to my website! targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. I am an Associate Professor in the Economics Department at Yale. The findings echo Acemoglu et al. Skip to main content This inflow increased the German population by almost 20%. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. "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. fabian eckert Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. [PDF] Firm Creation and Local Growth | Semantic Scholar At least three aspects of this study seem particularly context specific. Follow. Yale. Macroeconomics Economic Growth Urban Economics. The first months where very discouraging because so little data seemed to have survived. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. American Economic Review. 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 How do local economies respond to large increases to the size of their population? Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Journal of Urban Economics, Volume 120, July 2022, 103454. All material on this site has been provided by the respective publishers and authors. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . michael peters economics ubc A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 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. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. In my research I focus primarily on economic growth and long-run economic development. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. You can help correct errors and omissions. 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. Second, the refugees were allocated to rural areas and not to urban centers. 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Verified email at columbia.edu - Homepage. 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. The large inflows led to persistent changes in the sectoral composition of the local economy. Michael Peters, Yale - Department of Economics To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 37 (2), pages 281-306, November. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com In his research he focuses on economic growth and long-run economic development. Their, This "Cited by" count includes citations to the following articles in Scholar. interests: Trade, Economic Geography, and Macroeconomics contact: . Financial Accounting in an Economic Context - Jamie Pratt, Michael F Most demographers expect the global population to decline starting by around 2065. Michael Peters from Yale will present Spatial Structural Change. ", Celik, Gorkem & Peters, Michael, 2008. 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. 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. Michael Peters Economics Department, . At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. ", Halevy, Yoram & Peters, Michael, 2007. Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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 . (2006). The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Macroeconomics Development Economics Growth. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Columbia University. January 2021 CFP 1710 Author(s) Michael Peters. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. 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. 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. 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? At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. For general information on how to correct material on RePEc, see these instructions. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Speaker(s) Location. American Economic Review 111 (1), 231-75, 2021. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. The following articles are merged in Scholar. In his research he focuses on economic growth and long-run economic development. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. [8] 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. There, details are also given on how to add or correct references and citations. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream