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There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Michael Peters from Yale will present Spatial Structural Change. 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. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Create your own unique website with customizable templates. Winter, 1983. U Akcigit, H Alp, M Peters. 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 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 How do local economies respond to large increases to the size of their population? Being from Germany myself, one hears lots of stories about the WW2 expulsion. 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. I started working on growth theory during my PhD at MIT. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Michael Peters & Sergei Severinov, 2008. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. The findings echo Acemoglu et al. 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. 37 (2), pages 281-306, November. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Productive firms thus settle in productive. 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. View Michael Peters' profile on LinkedIn, the world's largest professional community. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Michael Peters | Yale Economic Growth Center Home People Michael Peters Faculty Associate Professor of Economics Contact P. 203-436-8475 E. m.peters@yale.edu Expertise Development Economics, International Trade, Macroeconomics Website Download C.V. 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 . Some immigration is low-skilled, some immigration is high-skilled. I would love to see more quantitative work on the consequences of migration that takes such differences into account. J Blaum, C Lelarge, M Peters. 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 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. Articles Cited by Co-authors. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 2023 National Bureau of Economic Research. Fabrizio Zilibotti. The system can't perform the operation now. 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 This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. ", Peters, Michael & Szentes, Balazs, 2009. ", Epstein, Larry G. & Peters, Michael, 1999. To what extent these findings have a direct relevance for immigration policy today, is a great question. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. 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 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. 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). 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. 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. However, these gains were heavily skewed toward high-income households living in urban districts. To link different versions of the same work, where versions have a different title, use this form. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. ", Celik, Gorkem & Peters, Michael, 2011. Footer Menu. hbbd``b`*@q`$3DY $,> L@)"3` 2 armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com endstream endobj startxref 0 %%EOF 43 0 obj <>stream The emergence of new cities in Rural America played a big part for this transition. This inflow increased the German population by almost 20%. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Michael Peters Economics Department, . For general information on how to correct material on RePEc, see these instructions. 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. All Rights Reserved. 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. 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. 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. 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. ", Michael Peters & Sergei Severinov, 1995. Conor Walsh. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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. Skip to main content With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. ", Peters, Michael & Severinov, Sergei, 2005. ", Peters, Michael & Severinov, Sergei, 1997. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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. 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Box 21345, New . Department of Economics. ", Peters, Michael & Severinov, Sergei, 2006. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. The first months where very discouraging because so little data seemed to have survived. Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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. 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. 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. Increases in per-capita income, particularly in the long run. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Yale. 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. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. ", Michael Peters & Ralph A. January 2021 CFP 1710 Author(s) Michael Peters. 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. 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.