Aldona offers some thoughtful insights coming from David Hendry’s keynote and asks some interesting questions. David Hendry acknowledges Aldona’s comment to be interesting in his reply.

Congratulations to Aldona Zawojska, who receives $75/£50 worth of Wiley books!

If you had trouble viewing any of the videos, we’ve since added audio recordings (alongside the slides), which should be compatible with any computer. This is relevant to Prof. Hendry’s keynote, linked to below, and to Prof. Stanley’s keynote.

The best comment for Day 2 was awarded to Margaret Giles, for her comment on Prof. Viscui’s paper on Value of Statistical Life. Here’s a summary of what else happened on the last day of the conference:

• Keynote – Hendry, Econometrics
• Paper – Harris, Models of Regional Growth
• Workshop Paper – Farvaque & Hakim, What’s an Economics Semiar Worth?
• Workshop – Oxley, Bibliometrics / Rankometrics
• Workshop – Carpenter, Future of Publishing
• Virtual issue – Econometrics

A final and particular thank you to Prof.  Les Oxley and Liz Duston of the Journal of Economic Surveys and to Charlotte Stone and Jess Huband of Wiley-Blackwell, who not only made this online conference possible, but ensured it would be such a resounding success.

Image courtesy of byasaa, via flickr http://www.flickr.com/photos/bayasaa/

Wiley publishes an extensive programme of economics and econometrics books, which you can browse on our economics pages; titles include A Companion to Economic Forecasting, co-edited by today’s keynote lecturer, Prof. David Hendry.

Full title: The Future of Publishing

To listen to this workshop – examining the shape of things to come in social science publishing – click on the “play” button below-left. You can leave a response in the comments box at the foot of this page or by clicking on the grey bar along the bottom of the soundcloud player below.

On a mobile device, follow this link instead: http://media.soundcloud.com/stream/zdQv466ZOWID.

Presenter: Les Oxley, University of Canterbury

Full Title: A Workshop on “Rankometrics”: or what’s good and what’s downright dangerous about using bibliometrics

To follow Prof. Oxley’s workshop, click on the “play” button below to begin. By clicking on the symbol in the bottom-right corner of the slideshare player (the four arrows pointing outwards), you can see the presentation in full screen, which will improve legibility of some slides that carry tables.

Please do – as always – leave your responses to the workshop in the comments box at the foot of this post. We will be awarding one more “comment of the day” awards before the end of the conference: Wiley books worth £50/$75.

On a mobile device, follow this link instead: http://www.slideshare.net/mobile/Charlies1000/rankometrics-bibliometrics-les-oxley.

• Keynote: Trends in Meta-Analysis, Tom Stanley
• Keynote: Trends in Econometrics, David Hendry

Apologies to those who have experienced technical problems.

Margaret makes excellent comments on Kip Viscusi’s paper. She has also received a  reply from Tom Stanley on the relevance of meta-analysis to the questions she raised and has made a number of highly relevant comments on a number of papers. We thank Margaret for being such an active delegate of the conference!

Congratulations to Margaret Giles, who receives $75/£50 worth of Wiley books.

Full title: What’s an Economics Seminar Worth? Information Authors and Organizers should know

To read this paper, a new addition to our initial programme, click on the PDF link below.

Workshop paper: What’s an Economics Seminar Worth?

Please use the comments box at the foot of this post for any questions or responses. We welcome your contributions to the conference discussion.

Full title: Models of Regional Growth: Past, Present and Future

To read our final conference paper, by Richard Harris, click on the PDF link below.

Conference paper: Models of Regional Growth

The two commentaries in response to Prof. Harris’ paper are by Mark Roberts, University of Cambridge, and Stefano Usai, University of Cagliari.

• Commentary: Mark Roberts
• Commentary: Stefano Usai

Please use the comments box at the foot of this post to leave a response to the paper and the commentaries. We look forward to reading your reactions.

Full title: Current & Future Trends in Econometrics

To watch Prof. Hendry’s keynote lecture, click on the “play” button below.

A virtual issue of journal articles has been released to coincide with Prof. Hendry’s keynote; the virtual issue on econometrics is available now.

We are also publishing two invited commentaries in response to the keynote, by Neil Ericsson, Federal Reserve, and Katarina Juselius, University of Copenhagen.

• Commentary: Neil Ericsson
  
• Commentary: Katarina Juselius

As ever, we welcome your thoughtful responses to the keynote and to the commentaries in the comments box below.

Watch keynote now – click on “play”

On a mobile device you may find that this link works better instead: http://bcove.me/73zzz66e.

Watch the Question & Answer session

On a mobile device you may find that this link works better instead: http://bcove.me/nj88xa97

Or Listen Now

If you are having problems with the video player, you can listen to the keynote and the subsequent Q&A sessions by using the audio players below. The slides are available for download at the foot of this post.

Keynote

On a mobile device, follow this link instead.

Q&A Session

Professor Hendry address three specific questions, as follows:

1. Do you think it is fundamentally pessimistic to say that all macroeconomic theories are incomplete, incorrect and changeable?
2. Do you think people have failed to take into account the fallibility of macroeconomic theory when formulating economic policy?
3. In particular, do you think this contributed to the failure to predict the financial crisis or was the extent of the shock unpredictable?

On a mobile device, follow this link instead.

Read the paper, Justifying Empirical Macro-Econometric Evidence.

Download the slides, Justifying Empirical Macro-Econometric Evidence.

Keynote address

09:00		Current & Future Trends in Econometrics
		Sir David Hendry, University of Oxford

Conference paper, with invited commentaries

12:00		Models of Regional Growth: Past, Present and Future
		Richard Harris, University of Glasgow

Publishing Workshops

14:00		Bibliometrics / Rankometrics
		Les Oxley, University of Canterbury
17:00		The Future of Publishing
		Philip Carpenter, Wiley-Blackwell

We are also pleased to announce an additional workshop paper that is being made freely available today:

12:00		What’s an Economics Seminar Worth?
		Etienne Farvaque and Hakim Hammadou, University of Lille

And that brings us to the close of the conference, with just a few more posts during the day interspersped among our primary programme. Thanks for joining us!

The first two days have been phenomenally successful – more than 4,500 page views and 140+comments – and we hope they have also been enjoyable for all delegates. We would like once again to express our gratitude to everyone who has participated and made the conference possible.

Today’s summary of events follows:

• Keynote – Stanley, Meta-Analysis
• Paper – MacKerron, Happiness Economics
• Paper – Viscusi, Value of Statistical Life
• Workshop – Harzing, From Publication to Impact
• Workshop – Maney, How to Survive the Review Process
• Virtual issue – Meta-Analysis

Plus, we released an additional set of publishing workshops from the EEA-ESEM 2011 in Oslo and the ESWC 2010 in Shanghai, and, of course, our first “comment of the day” award went to Aldona Zawojska – congratulations once again!

We continue to tweak the conference pages – if you haven’t seen them yet, check out the lists of useful resources and blogs at the bottom of the right-hand side of the page. Let us know if we’ve missed out any blogs that you find particularly relevant to your research.

• HINARI Access to Research in Health
• AGORA Access to Global Online Research in Agriculture
• OARE Online Access to Research in the Environmen
• ARDI Access to Research for Development and Innovation

Many of Wiley’s economics journals are free to access through this programme – for instance the Journal of Economic Surveys is included in the HINARI initiative, which means dozens of countries are eligible for free access.

Are you aware of the programme? If not, and you live or work in an eligible country, please encourage your institution’s librarian to sign up (registration details are provided on each programme’s page). If you have had any experience with R4L or have any comments, please let us know in the comments box below.

So far we’ve released virtual issues on the 2011 Economics Nobel Prize winners, the Journal of Economic Surveys 25th anniversary and on:

• Experimental Economics
• Meta-Analysis

Tomorrow we’ll be making a final virtual issue available: on econometrics.

Full title: How to Survive the Review Process

Click on the “play” button to listen to Prof. Maney’s workshop. Let us know your experiences of the review process below.

On a mobile device, follow this link instead: http://media.soundcloud.com/stream/SivxhV2acrZB.

You can now read the 2009 transcript of this talk.

At both the EEA-ESEM 2011 in Oslo and the ESWC 2010 in Shanghai, Wiley has hosted very popular ‘Publishing in International Journals in Economics’ sessions, offering delegates invaluable opportunities to gain insight in to the processes of scientific publishing, and to share experiences with colleagues. Here we are delighted to share the videos from these events with all of the Wiley Economics Online Conference delegates, with thanks to the speakers.

To watch the videos from the session at EEA-ESEM 2011, including a presentation from Prof. Daron Acemoglu (Editor of Econometrica) on How to get Published, and a presentation from Prof. Fabrizio Zilibotti (Editor, the Journal of the European Economic Association) on Publishing for Impact, please click here.

To watch the videos from the session at ESWC 2010, please click here. The speakers and their topics at this session were:

Ms Xiaoming Feng, Managing Editor, China & World Economy, Chinese Academy of Social Sciences spoke on Opportunities for Chinese scholars to publish in international journals in economics.

Professor M Hashem Pesaran Editor, Journal of Applied Econometrics spoke on How to get published and formulating your article: Standards and criteria.

Professor Fabrizio Zilibotti, Editor, the Journal of the European Economic Association spoke on The value of publishing in the career of academic economists.

Professor Orazio Attanasio, Managing Editor, Quantitative Economics spoke on New publishing models for economics, and open access publishing.

Full title: From Publication to Impact: Using Google Scholar and Publish or Perish to measure research impact

To follow the workshop, click on the play button.

Please do – as always – leave your responses to the workshop in the comments box at the foot of this post. We will be awarding two more “comment of the day” awards before the end of the conference: Wiley books worth £50/$75.

On a mobile device, visit this link instead: http://www.slideshare.net/mobile/Charlies1000/citation-analysis-from-publication-to-impact.

The comment i) reflects on the conference paper ii) (re) introduces the notion of ethics into monetary economics iii) reflects on the history of economic thought (economics, past present and future theme…) iv) relates the comment to issues related to teaching economics v) theory and political process. Overall, a detailed comment.

Congratulations to Aldona Zawojska, who receives $75/£50 worth of Wiley books!

Full title: What’s to know? Puzzles in the literature on the value of statistical life

To read this paper, click on the link below.

Conference paper: Value of Statistical Life

An invited commentary is also now available alongside Prof. Viscusi’s paper, by John Fountain, University of Canterbury, New Zealand.

• Commentary: John Fountain

We warmly welcome your responses to the paper and to John Fountain’s commentary. We hope you will join in the discussion.

Full title: Happiness Economics from 35,000 Feet

To read this paper, click on the link below.

Conference paper: Happiness Economics from 35,000 Feet

Three invited commentaries are also now available alongside Prof. MacKerron’s paper, by Christopher Barrington-Leigh, McGill University, Mirko Moro, University of Stirling, and Juliet Michaelson, new economics foundation.

• Commentary: Christopher Barrington-Leigh
• Commentary: Mirko Moro
• Commentary: Juliet Michaelson

We warmly welcome your responses to the paper and to Christopher Barrington-Leigh’s, Mirko Moro’s and Juliet Michaelson’s commentaries. Please use the comments box at the foot of this post to leave a response – as always, we’re particularly interested in comments that engage substantively with the issues at hand. All comments are moderated.

For instance, you may be intersted in the Surveys of Recent Research in Economics series, which we publish in association with the Journal of Economic Surveys. Many more titles are available to browse on the Wiley economics pages.

Full title: Current & Future Trends in Meta-Analysis

You can watch Prof. Stanley’s keynote now below.

Alongside this keynote lecture, we are also releasing a virtual issue of journal articles on the subject of meta-analysis. You can access the free papers on meta-analysis here. One more virtual issue will be published on Friday.

We are also very pleased to be publishing an invited commentary that responds to Prof. Stanley’s keynote, by Randall S. Rosenberger, Oregon State University, USA. Take a look at the commentary for an initial response to the keynote.

• Commentary: Randall S. Rosenberger
  

Please post your response to the keynote and commentaries in the comments box below; you can also respond directly to comments left by others by clicking on “Reply” underneath a previous comment. We very much encourage and welcome considered, substantive contributions to the discussion. Please note that all responses will be moderated.

Watch Now – click on the “play” button

On a mobile device, you may find that following this link instead works better: http://bcove.me/s7xorluc

Or Listen Now

If you are unable to use the video player, listen to the audio file by clicking on the audio player below. You can download the slides by following the link at the end of this post. On a mobile device, follow this link instead.

To read Prof. Stanley’s paper on Publication Selection Bias in
Minimum-Wage Research, click here.

You can also download Prof. Stanley’s presentation slides by clicking here.

Keynote address

09:00		Current & Future Trends in Meta-Analysis
		Tom Stanley, Hendrix College

Conference papers, with invited commentaries

12:00		Happiness Economics from 35,000 feet
		George MacKerron, London School of Economics
12:00		What’s to Know? Puzzles in the Literature on the Value of Statistical Life
		Kip Viscusi, Vanderbilt University

Publishing Workshops

14:00		From Publication to Impact: Using Google Scholar and Publish or Perish to Measure Research Impact
		Anne-Wil Harzing, University of Melbourne
17:00		How to Survive the Review Process
		Greg Maney, Hofstra University

Today we’ll also be making public who has been awarded the “best comment” prize from among the comments received on the first day of the conference.

Here’s a summary of what we’ve covererd today:

• Keynote – Noussair, Laboratory Experiments
• Paper – Alm and Banzhaf, Designing Economics Instruments
• Paper – Arestis and Mihailov, Classifying Monetary Economics
• Workshop – Tucker, Experimental Economics
• Workshop – Bradshaw, Why Write a Review Paper?
• Virtual issue – Experimental Economics

We’re hugely grateful to all delegates, discussants and  presenters who have already taken part in conference discussions – take a look, for example, at the discussions around Prof. Noussair’s keynote or those subsequent to Profs Arestis and Mihailov’s paper – and we look forward to seeing such a high level of engagement continue over the coming days.

If you’re unsure about how to use the site’s commenting feature, please read through the participants’ guide. An easy way to find all the content we’ve published online during the conference is to use the list of categories on the right-hand side, where links take you straight to all the papers, updates, etc. that have been released to date.

Today we also released a “virtual issue” made up of papers in experimental economics and have two more virtual issues in the pipeline, due to be released tomorrow and on Friday:

• 17 November – 09:00 – virtual issue on meta-analysis
• 18 November – 09:00 – virtual issue on econometrics

Additionally, you can also read a free virtual issue of the Journal of Economic Surveys, released earlier in the year to celebrate the journal’s 25th Anniversary.

Full title: Why Write a Review Paper? And how to do it!

Mike Bradshaw’s workshop is available as an audio lecture – click on the “play” button below to hear his reasons for writing a review paper and some practical tips on how to go about doing so. If you have any questions or comments that will enable productive discussion, please leave a response in the comment box at the foot of this page. You can also leave a comment by clicking in the grey bar at the bottom of the soundcloud player.

On a mobile device, follow this link instead:  http://media.soundcloud.com/stream/XPQJlYI1DyNW.

This audio file is based on a short article written by Michael Bradshaw and Rochelle Lieber for a publication entitled Publishing in Geography: A Guide for New Researchers, which was produced by the Royal Geographical Society (with the IBG).

Full title: Introduction to Experimental Methods in Economics Research

To follow the workshop now, click on the “play” button below

If you have any questions or other comments after you’ve watched the presentation, please type them in the comments box below. We’ll be awarding our first “best comment” award on 17 November at 13:00 GMT, in the form of $75/£50 worth of Wiley books.

On a mobile device, visit this link instead: http://www.slideshare.net/mobile/Charlies1000/experimental-economics-steve-tucker-10028181.

Full title: Classifying Monetary Economics: Fields and Methods from Past to Future

To read this paper, click on the link below.

Conference paper: Classifying Monetary Economics

We are also publishing two expert invited commentaries that respond to Prof. Arestis and Prof. Mihailov’s paper, by Jagjit Chadha, University of Kent, and Sergio Rossi, University of Fribourg.

• Commentary: Jagjit Chadha
• Commentary: Sergio Rossi

We very much look forward to your responses to the paper and the commentaries – please use the comments box at the foot of this post to leave a response.

Full title: Designing Economics Instruments for the Environment in a Decentralised Fiscal System

To read this paper, click on the link below.

Conference paper: Designing Economics Instruments

We are also delighted to publish two invited commentaries in response to Prof. Alm and Prof. Banzhaf’s paper, by Richard Bird, Rotman School of Management, University of Toronto, and Arik Levinson, Georgetown University.

• Commentary: Richard Bird
• Commentary: Arik Levinson

We warmly welcome your responses to the paper and to Richard Bird’s and Arik Levinson’s commentaries. Please use the comments box at the foot of this post to leave a response – as always, we’re particularly interested in comments that engage substantively with the issues at hand. All comments are moderated.

We will be awarding a daily prize of $75/£50 worth of Wiley books to recognize the “best comment” made by a delegate during each 24-hour period. The first award will be announced on Thursday 17 November at 13:00 GMT.

We hope to see a very high level of discussion specifically in response to the keynotes, papers, commentaries and workshops and strongly encourage you to respond to these with considered, substantive comments. We look forward to reading your contributions.

Full title: Trends in Academic Publishing in Experimental Economics

You can watch Prof. Noussair’s keynote now below.

Alongside this keynote lecture, we are also releasing a virtual issue of journal articles on the subject of experimental economics. You can access the free papers on experimental economics here. Two more virtual issues will be published, one each on Thursday and on Friday.

We are also very pleased to be publishing two invited commentaries that respond to Prof. Noussair’s keynote, by Ananish Chaudhuri, The University of Auckland, and Nick Feltovich, University of Aberdeen. Take a look at their commentaries for an initial response to the keynote.

• Commentary: Ananish Chaudhuri
• Commentary: Nick Feltovich

Please post your response to the keynote and commentaries in the comments box below; you can also respond directly to comments left by others by clicking on “Reply” underneath a previous comment. We very much encourage and welcome considered, substantive contributions to the discussion. Please note that all responses will be moderated.

Watch Now – click on the “play” button

If you are accessing this post on a mobile device, please follow this link instead: http://www.slideshare.net/mobile/Charlies1000/laboratory-experiments

You can also download Prof. Noussair’s presentation slides by clicking here.

Keynote address

09:00		Laboratory experiments: Topics of study, 2001-2010
		Charles Noussair, Tilburg University

Conference papers, with invited commentaries

12:00		Designing Economics Instruments for the Environment in a Decentralised Fiscal System
		James Alm, Tulane University, and H. Spencer Banzhaf, Georgia State University
12:00		Classifying Monetary Economics: Fields and Methods from Past to Future
		Philip Arestis, University of Cambridge, and Alexander Mihailov, University of Reading

Publishing Workshops

14:00		Experimental Economics
		Steve Tucker, University of Canterbury
17:00		Why Write a Review Paper? And how to do it!
		Mike Bradshaw, University of Leicester

Throughout the day we’ll also be posting polls and other updates, and we particularly look forward to reading your comments – we’ll be announcing the winning comment tomorrow at 13:00.

We are very pleased to announce that the 3-day Wiley Economics Online Conference starts this week – on Wednesday 16 November 2011!

To get the most out of the conference, we encourage you to register and sign up for email alerts, check out the conference programme (PDF), spread the word on facebook and twitter (#joes2011), read the book of abstracts and, if you’re unsure about the commenting feature, take a look at our participants’ guide – we’re awarding a daily “best comment” award throughout the conference.

We hope you’ll be able to join us for the three days. The conference is free, available to all, and can, of course, be accessed at any time of day. Feedback is welcome, so if you do have any questions, please contact us on twitter or leave a comment below.

Communications with Economists: Current and Future Trends

16-18 November 2011

You can still register for free on the site, allowing you take advantage of:

• Video keynotes
• Invited papers and commentaries
• Publishing workshops
• Reading room with free publications
• Book discounts and more

If everything’s working, you should be able to see the book of abstracts at the foot of this post (click on “expand” to read and navigate) – if not, you can also find the booklet here.

We’d be very grateful for any feedback – let us know what you think in the comments below – and, if there’s anyone you know who might be intersted but hasn’t signed up yet, please spread the word by sharing via email, twitter (hashtag #joes2011) or facebook (see the handy “share this” buttons below). We have more than 1,500 registered delegates to date, but the more participants, the more engaging we hope the discussions will be.

This paper presents an overview of various models of regional growth that have appeared in the literature in the last 40 years. It considers the past, and therefore supply-side models, such as the standard neoclassical, juxtaposed against essentially demand-side approaches such as the export-base and cumulative causation models (as integrated into the Kaldorian approach); before moving on to the ‘present’ and more recent versions of the neoclassical model involving spatial weights and ‘convergence clubs’, as well as new economic geography core–periphery models, and the ‘innovation systems’ approach. A key feature of the more recent literature is an attempt to explicitly include spatial factors into the model, and thus there is a renewed emphasis on agglomeration economies and spillovers. Discussing ‘present’ and ‘future’ approaches to regional growth overlaps with the current emphasis in the literature on the importance of more intangible factors such as the role of ‘knowledge’ and its influence on growth. Finally, there is a discussion of the greater emphasis that needs to be placed at the ‘micro-level’ when considering what drives growth, and thus factors such as inter alia firm heterogeneity, entrepreneurship and absorptive capacity.

Aside from the invited papers and responses to them, the conference will also of course feature keynotes and publishing workshops, as well as free journal issues, book discounts, best comment prizes and more. Find out more by registering on the right-hand side of the page.

Notwithstanding the general acceptance of the value of statistical life (VSL) estimates for policy assessment purposes, several important unresolved issues remain. First, the results from revealed preference studies are systematically higher than those from stated preference studies, potentially limiting the usefulness of stated preference studies in generalizing the VSL estimates to different populations and kinds of risks. Second, extrapolating the results of meta-analyses to project the VSL for different population groups requires that such generalization be reflective of the underlying economic content of what average VSL estimates reflect. Third, government agencies within and across countries place differing emphasis on types of VSL studies as well as differing reliance on individual studies versus meta-analyses. Usually, there is no justification provided for the chosen approach.

The full paper and responses to it will be published on Thursday 17 November 2011 at 12:00 GMT.