I think we need more work to understand what happens when the population shrinks. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Please note that most corrections can take a couple of weeks to filter through the various RePEc services. The following articles are merged in Scholar. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. interests: Trade, Economic Geography, and Macroeconomics contact: . All material on this site has been provided by the respective publishers and authors. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. ". Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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. 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. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. The large inflows led to persistent changes in the sectoral composition of the local economy. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. hbbd``b`*@q`$3DY $,> L@)"3` 2 Create your own unique website with customizable templates. 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, 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. Box 21345, New . Title. 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 Affiliation: Yale. What are some exciting areas for further research in this area? 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). With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. ", Sergei Severinov & Michael Peters, 2004. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. American Economic Review. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. American Economic Review 111 (1), 231-75, 2021. 6 October, 2021 4:00 pm-6:00 pm. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . The findings echo Acemoglu et al. endstream endobj startxref 0 %%EOF 43 0 obj <>stream In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. 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. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. %PDF-1.5 % 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? Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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 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. 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. Michael Peters ; Michael Peters . A minor in economics is open to students enrolled in any college. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 2023 National Bureau of Economic Research. I think there are so many related interesting and important questions to work on. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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. 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. At least three aspects of this study seem particularly context specific. Michael Peters Economics Department, Yale University Verified email at . 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. Allen Head. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. January 2021 CFP 1710 Author(s) Michael Peters. Department of Economics. Michael Peters from Yale will present Spatial Structural Change. ", Celik, Gorkem & Peters, Michael, 2011. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. & Severinov,S., 2001. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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. Verified email at columbia.edu - Homepage. ", Michael Peters & Sergei Severinov, 2008. Peters,M. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Research. The Geography of Remote Work . 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. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. In his research he focuses on economic growth and long-run economic development. This particular setting is, of course, close to my heart. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Like Tweet Share. Conor Walsh. I started working on growth theory during my PhD at MIT. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Increases in per-capita income, particularly in the long run. Columbia University. 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 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. 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. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. J. Blaum, Claire Lelarge, Michael Peters Published 1 December 2016 Economics ERN: Microeconometric Models of Firm Behavior in Open Economies (Topic) Firms differ substantially in their participation in foreign input markets. The system can't perform the operation now. Journal of Urban Economics, Volume 120, July 2022, 103454. The emergence of new cities in Rural America played a big part for this transition. Their, This "Cited by" count includes citations to the following articles in Scholar. 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 He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Skip to main content By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. How do local economies respond to large increases to the size of their population? He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Winter, 1983. I am an Associate Professor in the Economics Department at Yale. And they, luckily, had taken pictures of the old census publications, which I could digitize. 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. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity.