In his research he focuses on economic growth and long-run economic development. Box 21345, New . " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The Michael Peters | Yale Department of 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). Michael Peters | CEPR interests: Trade, Economic Geography, and Macroeconomics contact: . michael peters economics ubc 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. Increases in per-capita income, particularly in the long run. endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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. . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Title . PDF Heterogeneous Markups, Growth, and Endogenous Misallocation To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 2023 National Bureau of Economic Research. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Peters,M. You can help correct errors and omissions. [PDF] The End of Economic Growth? Unintended Consequences of a 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. What are some exciting areas for further research in this area? Please note that most corrections can take a couple of weeks to filter through the various RePEc services. ", Peters, Michael & Szentes, Balazs, 2009. Michael Peters - Vice President Corporate Strategy - LinkedIn I think we need more work to understand what happens when the population shrinks. Ufuk Akcigit - Google Scholar I would love to see more quantitative work on the consequences of migration that takes such differences into account. In my research I focus primarily on economic growth and long-run economic development. How do local economies respond to large increases to the size of their population? In his research he focuses on economic growth and long-run economic development. Michael Peters | Yale Economic Growth Center Department of Economics. target no need to return item. ", Celik, Gorkem & Peters, Michael, 2008. 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . hbbd``b`*@q`$3DY $,> L@)"3` 2 Fabrizio Zilibotti. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Conor Walsh. Michael Peters from Yale will present Spatial Structural Change. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Entrepreneurship - McGraw Hill Education 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 findings echo Acemoglu et al. ", Halevy, Yoram & Peters, Michael, 2007. A minor in economics is open to students enrolled in any college. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. ", Peters, Michael & Severinov, Sergei, 2005. J Blaum, C Lelarge, M Peters. Michael Peters & Sergei Severinov, 2008. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Verified email at columbia.edu - Homepage. Research. The first months where very discouraging because so little data seemed to have survived. Columbia University. Michael Peters - Vancouver School of Economics To link different versions of the same work, where versions have a different title, use this form. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. . Second, the refugees were allocated to rural areas and not to urban centers. January 2021 CFP 1710 Author(s) Michael Peters. The emergence of new cities in Rural America played a big part for this transition. Virtually all theories of economic growth predict a positive relationship between population size and productivity. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Some immigration is low-skilled, some immigration is high-skilled. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Michael Peters | IDEAS/RePEc 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. All material on this site has been provided by the respective publishers and authors. michael peters economics ubc Fabian Eckert - Google Scholar Michael Peters | Queen's Economics Department Virtual. I think there are so many related interesting and important questions to work on. 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. 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. 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. Speaker(s) Location. 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. 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. 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. Research Conor Walsh 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. 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. Journal of Urban Economics, Volume 120, July 2022, 103454. firm and location productivity arecomplements and labor market frictions are sufficiently large. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. & Severinov,S., 2001. Footer Menu. 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