Carter Paper Makes SSRN Top 10 List
May 28, 2015
BATON ROUGE - "Baumol and Bowen Cost Effects in Research Universities," a paper by LSU Economics Professor Carter Hill and former faculty member Robert Martin, was recently listed on the Social Science Research Network's top 10 download list for Econometric Modeling: Microeconomics Journals.
At the time of its top 10 listing, it had been downloaded more than 1,700 times.
In the paper, Hill and Martin estimate cost models for both public and private research universities and use partial differentials from these models to estimate different cost effects. The results suggest that both Baumol’s cost disease and Bowen’s revenue theory drive cost higher and that Bowen effects are larger than Baumol effects. Tight revenue since 2008 reversed some declines in productivity and accelerated the trend in economizing on the use of tenure track faculty. This behavior under loose and tight revenue constraints is consistent with Bowen’s revenue theory.
View/download the paper.
The Department of Economics at LSU’s E. J. Ourso College of Business offers courses that provide its undergraduate and graduate students an intellectual challenge and strong analytic training and the tools to understand the economic and social problems faced both domestically and internationally. The faculty’s dedication to quality teaching and research is reflected by numerous awards received and peer-reviewed scholarly articles published in high-quality economic journals. The Journal of Labor Research is edited within the department. For more information, visit our home page or call 225-578-5211.
LSU E. J. Ourso College of Business