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". At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 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. Yale University - Department of Economics; Yale University - Cowles Foundation. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Try again later. However, these gains were heavily skewed toward high-income households living in urban districts. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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 Geography of Remote Work . Skip to main content He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. The system can't perform the operation now. January 2021 CFP 1710 Author(s) Michael Peters. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel.
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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 ", Peters, Michael & Severinov, Sergei, 2003. American Economic Review. There, details are also given on how to add or correct references and citations. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. 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. 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. For the case of India, service-led growth was an important driver of risingliving standard. U Akcigit, H Alp, M Peters. & Severinov,S., 2001. ", Michael Peters & Sergei Severinov, 2008. Fabrizio Zilibotti. 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. I started working on growth theory during my PhD at MIT. ", Epstein, Larry G. & Peters, Michael, 1999. hb```f``} cf`ah`.d0 Box 21345, New . ", Peters, Michael & Severinov, Sergei, 2006. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. (2006). Speaker(s) Location. 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. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Ming Xu. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. Michael Peters Economics Department, Yale University Verified email at yale.edu. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. hbbd``b`*@q`$3DY $,> L@)"3` 2 Productive firms thus settle in productive. Michael Peters, Conor Walsh Published 6 November 2019 Economics Microeconomics: Production A growing body of empirical research highlights substantial changes in the US economy during the last three decades. Michael Peters from Yale will present Spatial Structural Change. What are some exciting areas for further research in this area? Michael Peters Economics Department, Yale University Verified email at yale.edu Teresa Fort Associate Professor, Tuck School of Business at Dartmouth, NBER, CEPR Verified email at tuck.dartmouth.edu Peter K. Schott Juan Trippe Professor of Economics, Yale School of Management & NBER & CEPR Verified email at yale.edu These mass migrations also led to a long-term increase in income-per-capita for the aggregate economy: a 10 percent increase in the share of refugees increased income per capita by roughly 56 percent after 15 years, and roughly 12 percent after 25 years. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Winter, 1983. 0q$D~;4}
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Affiliation: Yale. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. This particular setting is, of course, close to my heart. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 37 (2), pages 281-306, November. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. . Columbia University. . Some immigration is low-skilled, some immigration is high-skilled. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. 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. Second, the refugees were allocated to rural areas and not to urban centers. Is the rise of services only due to income effects or can growth be service-led? Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. [8] 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. 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. I think there are so many related interesting and important questions to work on. ", Sergei Severinov & Michael Peters, 2004. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Research. Michael Peters - Contact Welcome to my website! What are the policy implications, if any, of this research? ", Halevy, Yoram & Peters, Michael, 2007. 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. ", Peters, Michael & Severinov, Sergei, 1997. 180 * 2021: 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. 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, 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 would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. J Blaum, C Lelarge, M Peters. Title . It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Macroeconomics Development Economics Growth. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Increases in per-capita income, particularly in the long run. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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. Articles Cited by Co-authors. Allen Head. The Bulletin on Retirement and Disability, Productivity, Innovation, and Entrepreneurship, Boosting Grant Applications from Faculty at MSIs, Conference on Research in Income and Wealth, Early Indicators of Later Work Levels, Disease and Death, Improving Health Outcomes for an Aging Population, Measuring the Clinical and Economic Outcomes Associated with Delivery Systems, Retirement and Disability Research Center, The Roybal Center for Behavior Change in Health, Training Program in Aging and Health Economics, Transportation Economics in the 21st Century. What motivated you to take on this research question? 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 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. To what extent these findings have a direct relevance for immigration policy today, is a great question. Create your own unique website with customizable templates. 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 Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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 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. degree in economics. firm and location productivity arecomplements and labor market frictions are sufficiently large. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. 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. Verified email at columbia.edu - Homepage. In his research he focuses on economic growth and long-run economic development.