• Medientyp: E-Artikel
  • Titel: How Productive Are Economics and Finance PhDs?
  • Beteiligte: Lan, Yihui; Clements, Kenneth W.; Chai, Zong Ken
  • Erschienen: Wiley, 2023
  • Erschienen in: Australian Economic Review
  • Sprache: Englisch
  • DOI: 10.1111/1467-8462.12531
  • ISSN: 0004-9018; 1467-8462
  • Schlagwörter: Economics and Econometrics
  • Entstehung:
  • Anmerkungen:
  • Beschreibung: <jats:title>Abstract</jats:title><jats:p>This article analyses the research productivity of more than 200 individuals in academe with a PhD in economics and finance from (mostly) Australian universities. We find the number of publications accumulates linearly with experience, while citations increase exponentially, pointing to network effects. Panel regressions indicate: (1) the key role of experience in determining research outcomes; (2) the usual quadratic approach substantially under‐estimates the role of diminishing returns to experience; (3) the university where an individual works is mostly unimportant for publications and citations. ‘Prime academic age’, when research has maximum impact, is attained about 11 years after the PhD.</jats:p>