How Productive Are Economics and Finance PhDs?

IF 1 4区经济学 Q3 ECONOMICS

Australian Economic Review Pub Date : 2023-10-13 DOI:10.1111/1467-8462.12531

Yihui Lan, Kenneth W. Clements, Zong Ken Chai

引用次数: 0

Abstract

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.

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经济学和金融学博士的生产力如何？

本文分析了 200 多名（主要是）澳大利亚大学经济学和金融学博士的研究生产力。我们发现，发表论文的数量随着经验的积累呈线性增长，而引用次数则呈指数增长，这表明存在网络效应。面板回归结果表明：(1) 经验在决定研究成果方面起着关键作用；(2) 通常的二次方方法大大低估了经验回报递减的作用；(3) 个人所在的大学对论文发表和引用大多并不重要。当研究产生最大影响时，"最佳学术年龄 "大约在博士学位获得 11 年之后。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Australian Economic Review ECONOMICS-

CiteScore

1.90

自引率

10.00%

发文量

期刊介绍： An applied economics journal with a strong policy orientation, The Australian Economic Review publishes high-quality articles applying economic analysis to a wide range of macroeconomic and microeconomic topics relevant to both economic and social policy issues. Produced by the Melbourne Institute of Applied Economic and Social Research, it is the leading journal of its kind in Australia and the Asia-Pacific region. While it is of special interest to Australian academics, students, policy makers, and others interested in the Australian economy, the journal also considers matters of international interest.