Financial Accounting, 11th Edition | Wiley 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. You can help correct errors and omissions. However, these gains were heavily skewed toward high-income households living in urban districts. To what extent these findings have a direct relevance for immigration policy today, is a great question. Sort by citations Sort by year Sort by title. 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. The first months where very discouraging because so little data seemed to have survived. 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. Fabrizio Zilibotti - Google Scholar Speaker(s) Location. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 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. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Their, This "Cited by" count includes citations to the following articles in Scholar. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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. Conor Walsh. In my research I focus primarily on economic growth and long-run economic development. 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. 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. 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. Verified email at yale.edu. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Conor Walsh - Google Scholar What motivated you to take on this research question? A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Michael Peters | Queen's Economics Department Creative Destruction, Distance to Frontier, and Economic Development by 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. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). %PDF-1.5 % Verified email at columbia.edu - Homepage. American Economic Journal . [8] But even within the US there are vast regional differences in the type of migrants that settle in different areas. Michael Peters | CEPR 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 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. firm and location productivity arecomplements and labor market frictions are sufficiently large. & Severinov,S., 2001. The Gains from Input Trade with Heterogeneous Importers 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. [PDF] The End of Economic Growth? Unintended Consequences of a Michael Peters | Cowles Foundation for Research in Economics 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. 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. Research. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. I started working on growth theory during my PhD at MIT. 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Empirical Evidence from the Executive Labor Market, Reciprocal Relationships and Mechanism Design, Reciprocal relationships and mechanism design, Canadian Journal of Economics/Revue canadienne d'conomique, On the Revelation Principle and Reciprocal Mechanisms in Competing Mechanism Games, Other Regarding Preferences: Outcomes, Intentions, or Interdependence, Non-cooperative foundations of hedonic equilibrium, The Pre-Marital Investment Game: Addendum, Technical Appendix to Internet Auctions with Many Traders, Unobservable Heterogeneity in Directed Search, Internet Trading Mechanisms And Rational Expectations, Econometric Society 2004 North American Winter Meetings, Pure Strategies and No Externalities with Multiple Agents, Negotiation and Take it or Leave it in Common Agency, Negotiation and take it or leave it in common agency, Common Agency and the Revelation Principle, Limits of Exact Equilibria for Capacity Constrained Sellers with costlySearch, Limits of Exact Equilibria for Capacity Constrained Sellers with Costly Search, Competition Among Mechanism Designers in a Common Value Environment, Competition among mechanism designers in a common value environment, A Revelation Principle For Competing Mechanisms, A Revelation Principle for Competing Mechanisms, On the Equivalence of Walrasian and Non-Walrasian Equilibria in Contract Markets: The case of Complete Contracts, Competition Among Sellers who offer Auctions Instead of Prices, Competition among Sellers Who Offer Auctions Instead of Prices, Dynamic Monopoly Power When Search is Costly, Noncontractible Heterogeneity in Directed Search, Erratum to "Negotiation and take it or leave it in common agency": [Journal of Economic Theory 111 (2003) 88-109], Pure strategy and no-externalities with multiple agents, Decentralized Markets and Endogenous Institutions, Incentive-Consistent Matching Processes for Problems with ex Ante Pricing, Equilibrium Mechanisms in a Decentralized Market, On the Efficiency of Ex Ante and Ex Post Pricing Institutions, Ex Ante Price Offers in Matching Games Non-steady States, Research and development with publicly observable outcomes, Bertrand Equilibrium with Capacity Constraints and Restricted Mobility, Market Equilibrium and the Resolution of Uncertainty, Labour contracts in a stock market economy, Number of Distinct Works, Weighted by Simple Impact Factor, Number of Distinct Works, Weighted by Recursive Impact Factor, Number of Distinct Works, Weighted by Number of Authors and Simple Impact Factors, Number of Distinct Works, Weighted by Number of Authors and Recursive Impact Factors, Number of Citations, Weighted by Simple Impact Factor, Number of Citations, Weighted by Recursive Impact Factor, Number of Citations, Weighted by Recursive Impact Factor, Discounted by Citation Age, Number of Citations, Weighted by Number of Authors, Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Discounted by Citation Age, Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Discounted by Citation Age, Number of Journal Pages, Weighted by Simple Impact Factor, Number of Journal Pages, Weighted by Recursive Impact Factor, Number of Journal Pages, Weighted by Number of Authors, Number of Journal Pages, Weighted by Number of Authors and Simple Impact Factors, Number of Journal Pages, Weighted by Number of Authors and Recursive Impact Factors, Queen's Economics Department PhD Graduates, 1980 Economics Department; Queen's University (from, Li, Kun & Peters, Michael & Xu, Pai, 2013. Research - Michael Peters Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Virtual. 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. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . Michael Peters Economics Department, . Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. michael peters economics ubc The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. 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 ", Celik, Gorkem & Peters, Michael, 2008. ", Peters, Michael & Severinov, Sergei, 2003. Research Conor Walsh Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. View Michael Peters' profile on LinkedIn, the world's largest professional community. At least three aspects of this study seem particularly context specific. The Geography of Remote Work . Entrepreneurship - McGraw Hill Education Skip to main content Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. January 2021 CFP 1710 Author(s) Michael Peters. Michael Peters - Contact 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. How do local economies respond to large increases to the size of their population? 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. Title . The following articles are merged in Scholar. Financial Accounting in an Economic Context - Jamie Pratt, Michael F To link different versions of the same work, where versions have a different title, use this form. In his research he focuses on economic growth and long-run economic development. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Michael Peters - Vancouver School of Economics Allen Head. The system can't perform the operation now. . These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. [PDF] Firm Creation and Local Growth | Semantic Scholar Being from Germany myself, one hears lots of stories about the WW2 expulsion. His research mostly focuses on macroeconomics, economic development and growth, and international trade. michael peters economics ubc Penn State now offers a two-year program designated only for the M.A. Michael Peters - Contact Welcome to my website! target no need to return item. 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. . Department of Economics. This inflow increased the German population by almost 20%. (2006). Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 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. Some immigration is low-skilled, some immigration is high-skilled. Try again later. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. 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). Yale. Affiliation: Yale. PDF MICHAEL PETERS A 2022 - Economics.yale.edu 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. Yale University - Department of Economics; Yale University - Cowles Foundation. Publications by author | Yale Department of Economics Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods degree in economics. Michael Peters & Sergei Severinov, 2008. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. . A Revelation Principle for Competing Mechanisms 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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. ", Epstein, Larry G. & Peters, Michael, 1999. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Michael Porter - Wikipedia Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 37 (2), pages 281-306, November. I am an Associate Professor in the Economics Department at Yale. Ming Xu. Articles Cited by Co-authors. Michael Peters ; Michael Peters . ", Peters, Michael & Szentes, Balazs, 2009. There, details are also given on how to add or correct references and citations. Winter, 1983. Michael Peters from Yale will present Spatial Structural Change. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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. Economics Department, Yale University. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Before joining Yale University, he held a position at the London School of Economics. ", Michael Peters & Sergei Severinov, 2001. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Fabian Eckert - Google Scholar Phone (613) 533-2250 Fax (613) 533-6668 Email https . ", Celik, Gorkem & Peters, Michael, 2011. 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. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Most demographers expect the global population to decline starting by around 2065. Market Size and Spatial Growth - Evidence from Germany's Post-War PDF Heterogeneous Markups, Growth, and Endogenous Misallocation "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.
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