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

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  • DANIEL S. HAMERMESH

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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  • 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, June.
  • Handle: RePEc:bla:ecorec:v:82:y:2006:i:257:p:138-149
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    References listed on IDEAS

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    Cited by:

    1. Robert Lawson & Jayme Lemke, 2012. "Travel visas," Public Choice, Springer, vol. 153(1), pages 17-36, October.
    2. Massimiliano Tani, 2006. "International Business Visits," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 13(4), pages 323-337.
    3. Piva, Mariacristina & Tani, Massimiliano & Vivarelli, Marco, 2017. "Labour mobility through business visits as a way to foster productivity," MERIT Working Papers 004, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    4. Piva, Mariacristina & Tani, Massimiliano & Vivarelli, Marco, 2017. "The Productivity Impact of Business Mobility: International Evidence," GLO Discussion Paper Series 14, Global Labor Organization (GLO).
    5. Piva, Mariacristina & Tani, Massimiliano & Vivarelli, Marco, 2016. "Business Visits, Knowledge Diffusion and Productivity," IZA Discussion Papers 10421, Institute for the Study of Labor (IZA).

    More about this item

    JEL classification:

    • 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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