The Value of Peripatetic Economists: A Sesqui-Difference Evaluation of Bob Gregory
AbstractI ask generally whether a country can benefit from the temporary importation of human capital, and specifically whether a program that attracts large groups of academic visitors to a distant country benefits it by generating additional scholarly research on local issues. Using the list of visitors to the ANU Research School's Economics Program, I estimate this impact from responses to a survey in which visitors described their research before and after their visit and designated as a "control person" another economist who had a similar career but had not visited. The matching of the control may be viewed as being along both observable and (to the researcher) unobservable characteristics of the "treated" and control individuals. The results show a highly significant ceteris paribus impact of such visits on the visitor's subsequent research. Valuing this extra research based on the scholarly citations it received and the effects of citations on salaries shows a substantial monetary impact of visiting economists. Less tangible additional impacts in terms of research style also clearly result.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1580.
Length: 26 pages
Date of creation: May 2005
Date of revision:
Publication status: published in: Economic Record, 2006, 82 (257), 138-149
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Other versions of this item:
- Daniel S. Hamermesh, 2006. "The Value of Peripatetic Economists: A Sesqui-Difference Evaluation of Bob Gregory," The Economic Record, The Economic Society of Australia, vol. 82(257), pages 138-149, 06.
- Daniel S. Hamermesh, 2005. "The Value of Peripatetic Economists: A Sesqui-Difference Evaluation of Bob Gregory," NBER Working Papers 11453, National Bureau of Economic Research, Inc.
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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