I started working on growth theory during my PhD at MIT. Create your own unique website with customizable templates. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . 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. ", Epstein, Larry G. & Peters, Michael, 1999. Skip to main content What are the policy implications, if any, of this research? The system can't perform the operation now. Macroeconomics Development Economics Growth. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. At least three aspects of this study seem particularly context specific. Winter, 1983. [8] The first months where very discouraging because so little data seemed to have survived. & Severinov,S., 2001. In his research he focuses on economic growth and long-run economic development. (2006). For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 180 * 2021: Title . Author(s) Michael Peters. Peters,M. Michael Peters - Contact Welcome to my website! In the af- termath of the Second World War, 8 million ethnic Germans were expelled from their domiciles in Eastern Europe and transferred to West Germany. And they, luckily, had taken pictures of the old census publications, which I could digitize. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Macroeconomics Economic Growth Urban Economics. But even within the US there are vast regional differences in the type of migrants that settle in different areas. I am an Associate Professor in the Economics Department at Yale. His research mostly focuses on macroeconomics, economic development and growth, and international trade. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. In my research I focus primarily on economic growth and long-run economic development. Is the rise of services only due to income effects or can growth be service-led? 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. ", Michael Peters & Sergei Severinov, 2001. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. Speaker(s) Location. Yale Department of Economics. 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. January 2021 CFP 1710 Author(s) Michael Peters. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. For general information on how to correct material on RePEc, see these instructions. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Social Menu. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods For the case of India, service-led growth was an important driver of risingliving standard. 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 Productive firms thus settle in productive. 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. Journal of Urban Economics, Volume 120, July 2022, 103454. . Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Try again later. Verified email at yale.edu. 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. To what extent these findings have a direct relevance for immigration policy today, is a great question. Michael Peters Economics Department, Yale University Verified email at yale.edu. 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Department of Economics. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Penn State now offers a two-year program designated only for the M.A. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 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. 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). A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 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. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Affiliation: 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. The emergence of new cities in Rural America played a big part for this transition. American Economic Journal . My parents grew up in the West, but remember that they had to share their apartment with refugees from the East in the immediate war periods because housing was so scarce. ", Michael Peters & Sergei Severinov, 2008. 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). 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. However, these gains were heavily skewed toward high-income households living in urban districts. All Rights Reserved. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Research. 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. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . %PDF-1.5 % Verified email at columbia.edu - Homepage. 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? 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. 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. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. The large inflows led to persistent changes in the sectoral composition of the local economy. Cited by. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. What were the results? target no need to return item. I think we need more work to understand what happens when the population shrinks. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. ", Michael Peters & Ralph A. ", Peters, Michael & Severinov, Sergei, 1997. 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). Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. 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. Conor Walsh. 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. 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. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Footer Menu. 2023 National Bureau of Economic Research. This inflow increased the German population by almost 20%. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . . hbbd``b`*@q`$3DY $,> L@)"3` 2 Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Like Tweet Share. Most demographers expect the global population to decline starting by around 2065.

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