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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 motivated you to take on this research question? At least three aspects of this study seem particularly context specific. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Michael Peters Economics Department, . Michael Peters. The estimated model im- plies that the refugee settlement increased aggregate income per capita by about 12% after 25 years and triggered a process of industrialization in rural areas. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. American Economic Journal . At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Michael Peters | Cowles Foundation for Research in Economics (2006). To link different versions of the same work, where versions have a different title, use this form. 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 | IDEAS/RePEc Michael Peters - Vice President Corporate Strategy - LinkedIn Michael Peters - Contact Conor Walsh. 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. ". ", Epstein, Larry G. & Peters, Michael, 1999. Fabrizio Zilibotti. I think we need more work to understand what happens when the population shrinks. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The 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. New Research by Michael Peters on the Economic Consequences of Refugee 6 October, 2021 4:00 pm-6:00 pm. 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. All Rights Reserved. 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. In his research he focuses on economic growth and long-run economic development. Second, the refugees were allocated to rural areas and not to urban centers. The breakthrough came at visit to Stanford, when I realized that the Hoover Institute had hundreds of old microfilms of the data the US military government collected in the late 1940s and 1950s. Create your own unique website with customizable templates. 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. For the case of India, service-led growth was an important driver of risingliving standard. Sort. ", Sergei Severinov & Michael Peters, 2004. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Entrepreneurship - McGraw Hill Education Peters,M. Title . . However, these gains were heavily skewed toward high-income households living in urban districts. Fabrizio Zilibotti - Google Scholar To what extent these findings have a direct relevance for immigration policy today, is a great question. Macroeconomics Economic Growth Urban Economics. ", Halevy, Yoram & Peters, Michael, 2007. 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. 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. 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. 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. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods . 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. degree in economics. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Like Tweet Share. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. 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. 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. Michael Peters - Contact Welcome to my website! Social Menu. 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". Michael Peters - Vancouver School of Economics U Akcigit, H Alp, M Peters. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. endstream endobj startxref 0 %%EOF 43 0 obj <>stream . My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. The large inflows led to persistent changes in the sectoral composition of the local economy. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com & Severinov,S., 2001. I think there are so many related interesting and important questions to work on. Journal of Urban Economics, Volume 120, July 2022, 103454. Michael Peters - Google Scholar Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Financial Accounting, 11th Edition | Wiley Winter, 1983. 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. 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. 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 He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. American Economic Review 111 (1), 231-75, 2021. ", Celik, Gorkem & Peters, Michael, 2011. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. hb```f``} cf`ah`.d0 target no need to return item. 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Increases in per-capita income, particularly in the long run. 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. The system can't perform the operation now. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Creative Destruction, Distance to Frontier, and Economic Development by To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Articles Cited by Co-authors. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. [PDF] Firm Creation and Local Growth | Semantic Scholar ", Celik, Gorkem & Peters, Michael, 2008. Students who receive a Ph.D. from Penn State and whose doctoral research is excellent have been recruited and sought after by leading academic and research institutions: our Ph.D. students have obtained tenure-track positions at Chicago, Harvard, Johns Hopkins, MIT, Northwestern, NYU, UPenn and many more. Virtually all theories of economic growth predict a positive relationship between population size and productivity. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Michael Peters Economics Department, Yale University Verified email at yale.edu. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. michael peters economics ubc Being from Germany myself, one hears lots of stories about the WW2 expulsion. How do local economies respond to large increases to the size of their population? 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? You can help correct errors and omissions. Ming Xu. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Powered by Create your own unique website with customizable templates. Productive firms thus settle in productive. Speaker(s) Location. Start your day off right, with a Dayspring Coffee 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. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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). Michael Peters Economics Department, Yale University Verified email at . In his research he focuses on economic growth and long-run economic development. Columbia University. ", Peters, Michael & Severinov, Sergei, 2005. 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. What are some exciting areas for further research in this area? 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 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 . Market Size and Spatial Growth - Evidence from Germany's Post-War The findings echo Acemoglu et al. 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. Solutions Manual - Michael Peters
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We got our robust technical support team. Members of this team are well experienced and knowledgeable. In addition we conduct virtual meetings with our BCs to update the development in the banking and the new initiatives taken by Bank and convey desires and expectation of Banks from BCs. In these meetings Officials from the Regional Offices of Bank of Baroda also take part. These are very effective during recent lock down period due to COVID 19.
Information and Communication Technology (ICT) is one of the Models used by Bank of Baroda for implementation of Financial Inclusion. ICT based models are (i) POS, (ii) Kiosk. POS is based on Application Service Provider (ASP) model with smart cards based technology for financial inclusion under the model, BCs are appointed by banks and CBCs These BCs are provided with point-of-service(POS) devices, using which they carry out transaction for the smart card holders at their doorsteps. The customers can operate their account using their smart cards through biometric authentication. In this system all transactions processed by the BC are online real time basis in core banking of bank. PoS devices deployed in the field are capable to process the transaction on the basis of Smart Card, Account number (card less), Aadhar number (AEPS) transactions.