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The Value of Peripatetic Economists: A Sesqui-Difference Evaluation of Bob Gregory

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DANIEL S. HAMERMESH

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Abstract

Does a country benefit from temporarily importing human capital? Do foreign academic visitors generate additional scholarly research on local issues? I use a survey in which visitors to ANU's Economics Program described their research before and after their visit and designated an otherwise similar non-visitor as a control. Matching to controls may thus be along observable and unobservable characteristics. These visits have a highly significant impact on the visitor's subsequent research, redirecting it toward Australia. Valuing this extra research based on scholarly citations received and the effects of citations on salaries shows substantial monetary gains. Copyright © 2006 The Economic Society of Australia.

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Article provided by The Economic Society of Australia in its journal Economic Record.

Volume (Year): 82 (2006)
Issue (Month): 257 (06)
Pages: 138-149
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Handle: RePEc:bla:ecorec:v:82:y:2006:i:257:p:138-149

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  1. Quandt, Richard E, 1976. "Some Quantitative Aspects of the Economics Journal Literature," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 741-55, August. [Downloadable!] (restricted)
  2. Wise, Donald E, 1974. "The Effect of the Bracero on Agricultural Production in California," Economic Inquiry, Oxford University Press, vol. 12(4), pages 547-58, December.
  3. Daniel S. Hamermesh & Sharon M. Oster, 2002. "Tools or Toys? The Impact of High Technology on Scholarly Productivity," Economic Inquiry, Oxford University Press, vol. 40(4), pages 539-555, October.
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  4. Glenn Ellison, 2002. "The Slowdown of the Economics Publishing Process," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 947-993, October. [Downloadable!] (restricted)
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  5. Bound, John, 1989. "The Health and Earnings of Rejected Disability Insurance Applicants," American Economic Review, American Economic Association, vol. 79(3), pages 482-503, June. [Downloadable!] (restricted)
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  6. Ronald G. Ehrenberg & Daniel Hamermesh & George E. Johnson, 1977. "Policy decisions and research in economics and industrial relations. An exchange of views," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 31(1), pages 10, October.
  7. Sauer, Raymond D, 1988. "Estimates of the Returns to Quality and Coauthorship in Economic Academia," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 855-66, August. [Downloadable!] (restricted)
  8. Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 2001. "Reputational Capital and Academic Pay," Economic Inquiry, Oxford University Press, vol. 39(4), pages 663-71, October.
  9. Kulendran, N & Wilson, Kenneth, 2000. "Is There a Relationship between International Trade and International Travel?," Applied Economics, Taylor and Francis Journals, vol. 32(8), pages 1001-09, June. [Downloadable!] (restricted)
  10. Jonathan Gruber & Brigitte C. Madrian, 1994. "Health insurance and job mobility: The effects of public policy on job-lock," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 48(1), pages 86-102, October.
  11. Daniel S. Hamermesh & Stephen G. Donald, 2004. "The Effect of College Curriculum on Earnings: Accounting for Non-Ignorable Non-Response Bias," NBER Working Papers 10809, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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