Rodgers, Joan R. and Neri, Frank V., 2007, Research Productivity of Australian Academic Economists: Human-Capital and Fixed Effects, Australian Economic Papers, 46(1), 67-87.
This study investigates why some economics departments in Australian universities are more research productive than others. The hypothesis is simple: research productivity depends upon the human capital of department members and the department-specific conditions under which they work. A Tobit model is used to estimate the magnitude of the two effects. Both are found to be important. Our results help explain why a small number of departments consistently outperform the others in studies that rank Australian economics departments according to research output.