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Human capital externalities, departmental co-authorship and research productivity

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Lucas (1988) hypothesised that human capital externalities explain persistent productivity growth and become manifest via interactions between workplace colleagues. Consistent with the first part of this hypothesis, Fox and Milbourne (2006) concluded that an increase in the average level of human capital in Australian economics departments raised the research productivity of departmental members. This paper tests the robustness of this finding by using a direct, rather than a proxy, measure of human capital and confirms the existence of human capital externalities within Australian economics departments. But we go further by investigating the second part of Lucas’ hypothesis. Whilst there are numerous ways in which departmental colleagues may interact, we investigate whether the externality becomes manifest via co-authorship. We find no evidence that this type of interaction significantly enhances research productivity, especially for higher quality outputs.

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File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow121539.pdf
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Bibliographic Info

Paper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp12-05.

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Length: 27 pages
Date of creation: 2012
Date of revision:
Handle: RePEc:uow:depec1:wp12-05

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Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
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Keywords: productivity; externalities; human capital;

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  1. Towe, Jack B & Wright, Donald J, 1995. "Research Published by Australian Economics and Econometrics Departments: 1988-93," The Economic Record, The Economic Society of Australia, vol. 71(212), pages 8-17, March.
  2. Pantelis Kalaitzidakis & Theofanis P. Mamuneas & Thanasis Stengos, 2003. "Rankings of Academic Journals and Institutions in Economics," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1346-1366, December.
  3. 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.
  4. Sinha, Dipendra & Macri, Joseph, 2002. "Rankings of Australian Economics Departments, 1988-2000," The Economic Record, The Economic Society of Australia, vol. 78(241), pages 136-46, June.
  5. Frank Neri & Joan R. Rodgers, 2006. "Ranking Australian Economics Departments by Research Productivity," The Economic Record, The Economic Society of Australia, vol. 82(s1), pages S74-S84, 09.
  6. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  7. Kevin J. Fox & Ross Milbourne, 2006. "Is It Harder To Soar With Eagles When You Work With Turkeys? ," Australian Economic Papers, Wiley Blackwell, vol. 45(4), pages 362-371, December.
  8. BAUWENS, Luc & KIRMAN, Alan & LUBRANO, Michel & PROTOPOPESCU, Camelia, . "Ranking economics departments in Europe: a statistical approach," CORE Discussion Papers RP -1694, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  9. Richard Pomfret & Liang Choon Wang, 2003. "Evaluating The Research Output Of Australian Universities' Economics Departments," Australian Economic Papers, Wiley Blackwell, vol. 42(4), pages 418-441, December.
  10. John Gibson, 2000. "Research productivity in New Zealand university economics departments: Comment and update," New Zealand Economic Papers, Taylor & Francis Journals, vol. 34(1), pages 73-87.
  11. Joan R. Rodgers & Frank Neri, 2007. "Research Productivity Of Australian Academic Economists: Human-Capital And Fixed Effects ," Australian Economic Papers, Wiley Blackwell, vol. 46(1), pages 67-87, 03.
  12. Pierre-Philippe Combes & Laurent Linnemer, 2003. "Where are the Economists Who Publish? Publication Concentration and Rankings in Europe Based on Cumulative Publications," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1250-1308, December.
  13. Harminder Battu & Clive R. Belfield & Peter J. Sloane, 2003. "Human Capital Spillovers within the Workplace: Evidence for Great Britain," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(5), pages 575-594, December.
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