The Diffusion of Hausman's Econometric Ideas

This paper examines the diffusion of Jerry Hausman's econometric ideas using citation counts, citing authors, and source journals of his most referenced citers. Bibliographic information and citation counts of references to econometrics papers were retrieved from Thomson Reuters Web of Science and analyzed to determine the various ways in which Hausman's ideas have spread in econometrics and related disciplines. Econometric growth analysis (Gompertz and logistic functions) is used to measure the diffusion of his contributions. This analysis reveals that the diffusion of Hausman's ideas has been pervasive over time and disciplines. For example, his seminal 1978 paper continues to be strongly cited along exponential growth with total cites mainly in econometrics and other fields such as administrative management, human resources, and psychology. Some of the more recent papers have a growth pattern that resembles that of the 1978 paper. This leads us to conclude that Hausman's econometric contributions will continue to diffuse in years to come. It was also found that five journals have published the bulk of the top cited papers that list Hausman as a reference, namely, Econometrica, Journal of Econometrics, Review of Economic Studies, Academy of Management Journal, and the Journal of Economic Literature. “Specification tests in econometrics” is Hausman's dominant contribution in this citation analysis. We found no previous research on the econometric modeling of citation counts as done in this paper. Thus, we expect to stimulate methodological improvements in future work.

[1]  E. Garfield,et al.  Citation indexes for science. , 1956, Science.

[2]  Bronwyn H Hall,et al.  Estimation and Inference in Nonlinear Structural Models , 1974 .

[3]  J. Hausman,et al.  Full Information Instrumental Variables Estimation of Simultaneous Equations Systems , 1974 .

[4]  Jerry A. Hausman,et al.  An Instrumental Variable Approach to Full-Information Estimators for Linear and Non-Linear Econometric Models , 1975 .

[5]  Jerry A. Hausman,et al.  Social Experimentation, Truncated Distributions, and Efficient Estimation , 1977 .

[6]  D. Wise,et al.  A CONDITIONAL PROBIT MODEL FOR QUALITATIVE CHOICE: DISCRETE DECISIONS RECOGNIZING INTERDEPENDENCE AND HETEROGENEOUS PREFERENCES' , 1978 .

[7]  J. Hausman.  The econometrics of labor supply on convex budget sets , 1979 .

[8]  Jerry A. Hausman,et al.  Attrition Bias in Experimental and Panel Data: The Gary Income Maintenance Experiment , 1979 .

[9]  Tony Lancaster,et al.  ECONOMETRIC METHODS FOR THE DURATION OF UNEMPLOYMENT , 1979 .

[10]  P. Bentler.  MULTIVARIATE ANALYSIS WITH LATENT VARIABLES: CAUSAL MODELING , 1980 .

[11]  Robert A. Moffitt,et al.  The Uses of Tobit Analysis , 1980 .

[12]  Jacob A. Frenkel,et al.  Flexible Exchange Rates, Prices, and the Role of "News": Lessons from the 1970s , 1981, Journal of Political Economy.

[13]  R. Plotnick,et al.  How Income Transfer Programs Affect Work, Savings, and the Income Distribution: A Critical Review , 1981 .

[14]  W. V. D. Ven,et al.  The demand for deductibles in private health insurance: A probit model with sample selection , 1981 .

[15]  Stephen Nickell,et al.  Biases in Dynamic Models with Fixed Effects , 1981 .

[16]  Jerry A. Hausman,et al.  Panel Data and Unobservable Individual Effects , 1981 .

[17]  Christopher P. Puto,et al.  Adding Asymmetrically Dominated Alternatives: Violations of Regularity & the Similarity Hypothesis. , 1981 .

[18]  T. Amemiya.  QUALITATIVE RESPONSE MODELS: A SURVEY , 1981 .

[19]  L. Hansen.  Large Sample Properties of Generalized Method of Moments Estimators , 1982 .

[20]  D. Carlton,et al.  The Location and Employment Choices of New Firms: An Econometric Model with Discrete and Continuous Endogenous Variables , 1983 .

[21]  Lung-fei Lee.  Generalized Econometric Models with Selectivity , 1983 .

[22]  Roger C. Kormendi,et al.  Government Debt, Government Spending, and Private Sector Behavior: Reply and Update , 1983 .

[23]  J. Hausman,et al.  Identification in Linear Simultaneous Equations Models with Covariance Restrictions: An Instrumental Variables Interpretation , 1983 .

[24]  J. Powell,et al.  Least absolute deviations estimation for the censored regression model , 1984 .

[25]  L. R. Christensen,et al.  Economies of Density versus Economies of Scale: Why Trunk and Local Service Airline Costs Differ , 1984 .

[26]  T. Amemiya.  Tobit models: A survey , 1984 .

[27]  Jerry A. Hausman,et al.  Errors in Variables in Panel Data , 1984 .

[28]  Jeffrey A. Dubin,et al.  An Econometric Analysis of Residential Electric Appliance Holdings and Consumption , 1984 .

[29]  D. McFadden,et al.  Specification tests for the multinomial logit model , 1984 .

[30]  Stephen F. LeRoy,et al.  Atheoretical macroeconometrics: A critique , 1985 .

[31]  Joseph G. Altonji,et al.  Do Wages Rise with Job Seniority? , 1985 .

[32]  B. Douglas Bernheim,et al.  The Strategic Bequest Motive , 1985, Journal of Political Economy.

[33]  W. Newey,et al.  Generalized method of moments specification testing , 1985 .

[34]  J. Hausman.  The Econometrics of Nonlinear Budget Sets , 1985, Annual Review of Economics.

[35]  Jerry A. Hausman and Paul A. Ruud.,et al.  Specifying and Testing Econometric Models for Rank-ordered Data with an Application to the Demand for Mobile and Portable Telephones , 1986 .

[36]  T. Bollerslev,et al.  Generalized autoregressive conditional heteroskedasticity , 1986 .

[37]  Jean-Francois Richard,et al.  The Encompassing Principle and Its Application to Testing Non-nested Hypotheses , 1986 .

[38]  Bengt Muthén,et al.  On structural equation modeling with data that are not missing completely at random , 1987 .

[39]  Russell P. Robins,et al.  Estimating Time Varying Risk Premia in the Term Structure: The Arch-M Model , 1987 .

[40]  Donald Cox.  Motives for Private Income Transfers , 1987, Journal of Political Economy.

[41]  T. Mroz,et al.  The Sensitivity of an Empirical Model of Married Women's Hours of Work to Economic and Statistical Assumptions , 1987 .

[42]  K. French,et al.  Expected stock returns and volatility , 1987 .

[43]  W. Newey,et al.  Hypothesis Testing with Efficient Method of Moments Estimation , 1987 .

[44]  T. Bollerslev,et al.  A CONDITIONALLY HETEROSKEDASTIC TIME SERIES MODEL FOR SPECULATIVE PRICES AND RATES OF RETURN , 1987 .

[45]  P. Robinson.  ROOT-N-CONSISTENT SEMIPARAMETRIC REGRESSION , 1988 .

[46]  J. Wooldridge,et al.  A Capital Asset Pricing Model with Time-Varying Covariances , 1988, Journal of Political Economy.

[47]  Benjamin E. Hermalin,et al.  The Determinants of Board Composition , 1988 .

[48]  G. Battese,et al.  Prediction of firm-level technical efficiencies with a generalized frontier production function and panel data , 1988 .

[49]  D. Rivers,et al.  Limited Information Estimators and Exogeneity Tests for Simultaneous Probit Models , 1988 .

[50]  R. Baillie,et al.  The Message in Daily Exchange Rates , 1989 .

[51]  A. Jaffe.  Real Effects of Academic Research , 1989 .

[52]  D. McFadden.  A Method of Simulated Moments for Estimation of Discrete Response Models Without Numerical Integration , 1989 .

[53]  Gary J. Russell,et al.  A Probabilistic Choice Model for Market Segmentation and Elasticity Structure , 1989 .

[54]  E. Lazear.  Job Security Provisions and Employment , 1990 .

[55]  J. Hausman,et al.  Flexible parametric estimation of duration and competing risk models , 1990 .

[56]  P. Schmidt,et al.  Production frontiers with cross-sectional and time-series variation in efficiency levels , 1990 .

[57]  T. Bollerslev,et al.  Modelling the Coherence in Short-run Nominal Exchange Rates: A Multivariate Generalized ARCH Model , 1990 .

[58]  A. Cameron,et al.  Regression-based tests for overdispersion in the Poisson model☆ , 1990 .

[59]  P. Bauer.  Recent developments in the econometric estimation of frontiers , 1990 .

[60]  Z. Griliches.  Patent Statistics as Economic Indicators: a Survey , 1990 .

[61]  J. Angrist,et al.  Does Compulsory School Attendance Affect Schooling and Earnings? , 1990 .

[62]  B. Kogut,et al.  Technological capabilities and Japanese foreign direct investment in the United States , 1991 .

[63]  K. T. Poole,et al.  Patterns of congressional voting , 1991 .

[64]  David Hsieh.  Chaos and Nonlinear Dynamics: Application to Financial Markets , 1991 .

[65]  Benjamin E. Hermalin,et al.  The Effects of Board Composition and Direct Incentives on Firm Performance , 1991 .

[66]  Robert M. Townsend,et al.  Risk and Insurance in Village India , 1994 .

[67]  M. Arellano,et al.  Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations , 1991 .

[68]  Orley Ashenfelter,et al.  Estimates of the Economic Return to Schooling from a New Sample of Twins , 1992 .

[69]  Christopher Winship,et al.  Models for Sample Selection Bias , 1992 .

[70]  W. Evans,et al.  Measuring Peer Group Effects: A Study of Teenage Behavior , 1992, Journal of Political Economy.

[71]  L. Pritchett,et al.  Wealthier is healthier , 1993 .

[72]  V. Zeithaml,et al.  A Dynamic Process Model of Service Quality: From Expectations to Behavioral Intentions , 1993 .

[73]  S. Chib,et al.  Bayesian analysis of binary and polychotomous response data , 1993 .

[74]  J. Louviere,et al.  The Role of the Scale Parameter in the Estimation and Comparison of Multinomial Logit Models , 1993 .

[75]  I. Cockburn,et al.  Measuring competence?: exploring firm effects in pharmaceutical research , 1994 .

[76]  Steven T. Berry.  Estimating Discrete-Choice Models of Product Differentiation , 1994 .

[77]  J. Zakoian.  Threshold heteroskedastic models , 1994 .

[78]  Christopher Winship,et al.  Sampling Weights and Regression Analysis , 1994 .

[79]  J. Stock,et al.  Instrumental Variables Regression with Weak Instruments , 1994 .

[80]  T. Selden,et al.  Environmental Quality and Development: Is There a Kuznets Curve for Air Pollution Emissions? , 1994 .

[81]  C. Clogg,et al.  Statistical Methods for Comparing Regression Coefficients Between Models , 1995, American Journal of Sociology.

[82]  W. Newey,et al.  Nonparametric Estimation of Exact Consumers Surplus and Deadweight Loss by , 2009 .

[83]  Eric D. Darr,et al.  The Acquisition, Transfer, and Depreciation of Knowledge in Service Organizations: Productivity in Franchises , 1995 .

[84]  Jerry A. Hausman,et al.  Nonlinear errors in variables Estimation of some Engel curves , 1995 .

[85]  M. Arellano,et al.  Another look at the instrumental variable estimation of error-components models , 1995 .

[86]  Yacine Ait-Sahalia.  Testing Continuous-Time Models of the Spot Interest Rate , 1995 .

[87]  E. Mulvey,et al.  Regression analyses of counts and rates: Poisson, overdispersed Poisson, and negative binomial models. , 1995, Psychological bulletin.

[88]  Mark A. Huselid.  The Impact of Human Resource Management Practices on Turnover, Productivity, and Corporate Financial Performance , 1995 .

[89]  R. Engle,et al.  Multivariate Simultaneous Generalized ARCH , 1995, Econometric Theory.

[90]  Stephen Gray.  Modeling the Conditional Distribution of Interest Rates as a Regime-Switching Process , 1996 .

[91]  Lorin M. Hitt,et al.  Productivity, Business Profitability, and Consumer Surplus: Three Different Measures of Information Technology Value , 1996, MIS Q..

[92]  D. Yermack.  Higher market valuation of companies with a small board of directors , 1996 .

[93]  R. Hubbard,et al.  Capital-Market Imperfections and Investment , 1997 .

[94]  J. Banks,et al.  Quadratic Engel Curves and Consumer Demand , 1997, Review of Economics and Statistics.

[95]  Mark A. Huselid,et al.  Technical and Strategic Human Resource Management Effectiveness as Determinants of Firm Performance , 1997 .

[96]  Elhanan Helpman,et al.  North-South R & D Spillovers , 1997 .

[97]  R. Gulati,et al.  The Architecture of Cooperation: Managing Coordination Costs and Appropriation Concerns in Strategic Alliances , 1998 .

[98]  Toby E. Stuart.  Network Positions and Propensities to Collaborate: An Investigation of Strategic Alliance Formation in a High-Technology Industry , 1998 .

[99]  Aviv Nevo.  Measuring Market Power in the Ready-to-Eat Cereal Industry , 1998 .

[100]  Jeffrey R. Russell,et al.  Autoregressive Conditional Duration: A New Model for Irregularly Spaced Transaction Data , 1998 .

[101]  Nathaniel Beck,et al.  Taking Time Seriously: Time-Series-Cross-Section Analysis with a Binary Dependent Variable , 1998 .

[102]  Robert A. Moffitt,et al.  An Analysis of Sample Attrition in Panel Data: The Michigan Panel Study of Income Dynamics , 1998 .

[103]  Katherine W. McCain,et al.  Visualizing a discipline: an author co-citation analysis of information science, 1972–1995 , 1998 .

[104]  T. Beck,et al.  Finance and the Sources of Growth , 1999 .

[105]  R. Gulati,et al.  Where Do Interorganizational Networks Come From?1 , 1999, American Journal of Sociology.

[106]  Joel A. C. Baum,et al.  Don't go it alone: alliance network composition and startups' performance in Canadian biotechnology , 2000 .

[107]  Michael J. Lenox,et al.  Industry Self-Regulation Without Sanctions: The Chemical Industry's Responsible Care Program , 2000 .

[108]  David Card.  Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems , 2000 .

[109]  G. Ahuja.  The duality of collaboration : Inducements and opportunities in the formation of interfirm linkages , 2000 .

[110]  Jesper B. Sørensen,et al.  Aging, Obsolescence, and Organizational Innovation , 2000 .

[111]  Jinyong Hahn,et al.  A New Specification Test for the Validity of Instrumental Variables , 2000 .

[112]  Toby E. Stuart.  Interorganizational alliances and the performance of firms: A study of growth and innovation rates i , 2000 .

[113]  G. Ahuja.  Collaboration Networks, Structural Holes, and Innovation: A Longitudinal Study , 1998 .

[114]  J. Hausman.  Mismeasured Variables in Econometric Analysis: Problems from the Right and Problems from the Left , 2001 .

[115]  Curba Morris Lampert,et al.  Entrepreneurship in the large corporation: a longitudinal study of how established firms create breakthrough inventions , 2001 .

[116]  Vladimir Batagelj,et al.  Pajek - Analysis and Visualization of Large Networks , 2004, Graph Drawing Software.

[117]  A. Nerkar,et al.  Beyond local search: boundary‐spanning, exploration, and impact in the optical disk industry , 2001 .

[118]  Howard D. White,et al.  Authors as citers over time , 2001, J. Assoc. Inf. Sci. Technol..

[119]  Rosemarie H. Ziedonis,et al.  The patent paradox revisited: an empirical study of patenting in the U , 2001 .

[120]  R. Katila,et al.  Technological acquisitions and the innovation performance of acquiring firms: a longitudinal study , 2001 .

[121]  Jonathan H. Wright,et al.  A Survey of Weak Instruments and Weak Identification in Generalized Method of Moments , 2002 .

[122]  Jerry A. Hausman,et al.  Notes on bias in estimators for simultaneous equation models , 2002 .

[123]  Alexander I. Pudovkin,et al.  Why do we need algorithmic historiography? , 2003, J. Assoc. Inf. Sci. Technol..

[124]  Jerry A. Hausman,et al.  Weak Instruments: Diagnosis and Cures in Empirical Econometrics , 2003 .

[125]  Walter W. Powell,et al.  Knowledge Networks as Channels and Conduits: The Effects of Spillovers in the Boston Biotechnology Community , 2004, Organ. Sci..

[126]  D. Stern.  The Rise and Fall of the Environmental Kuznets Curve , 2004 .

[127]  Motohiro Yogo,et al.  Asymptotic Properties of the Hahn-Hausman Test for Weak Instruments , 2004 .

[128]  Bronwyn H Hall,et al.  Market value and patent citations , 2005 .

[129]  Stephen Joel Coons,et al.  US Valuation of the EQ-5D Health States: Development and Testing of the D1 Valuation Model , 2005, Medical care.

[130]  B. Baltagi,et al.  WORLDWIDE ECONOMETRICS RANKINGS: 1989–2005 , 2007, Econometric Theory.

[131]  J. Hahn,et al.  Long difference instrumental variables estimation for dynamic panel models with fixed effects , 2007 .

[132]  Jerry A. Hausman,et al.  Difference in Difference Meets Generalized Least Squares: Higher Order Properties of Hypotheses Tests , 2008 .

[133]  M. Harding,et al.  A Bayesian mixed logit-probit model for multinomial choice , 2008 .

[134]  N. D. Bellis.  Bibliometrics and Citation Analysis: From the Science Citation Index to Cybermetrics , 2009 .

[135]  Jerry A. Hausman,et al.  Testing for causal e ffects in a generalized regression model with endogenous regressors , 2010 .

[136]  Michael McAleer,et al.  What Makes a Great Journal Great in Economics? The Singer Not the Song , 2010 .

[137]  Great Expectatrics: Great Papers, Great Journals, Great Econometrics , 2011 .