Township of Shields, Estados Unidos
This paper investigates how faculty scholarship by economics professors at elite liberal arts colleges in the United States is related to the rate at which college graduates eventually earn a Ph.D. in economics. On the surface it appears that faculty scholarship is strongly and positively correlated with producing Ph.D. students. Using a multi-variable regression model that includes several college characteristics, however, what really drives the production of Ph.D. students is enrolling high ability students.