Research Interests for Edward Tower

The Political Economy of US Trade Policy, in particular the role of campaign contributions in determining congressional voting on protectionist issues. Finance: The valuation of the US and foreign stock markets, index versus managed mutual funds and assessment of whether the US stock market is overvalued.

Keywords:

tariffs, quotas, equities, mutual funds

Current projects:

Voting on importation of Ethical Drugs.

Predicting returns on foreign and US equities.

Areas of Interest:

international trade
economic development
finance
equities
mutual funds

Representative Publications   (search)

1. E. Tower and John Gilbert, "A Golden Jubilee Note on Graaff's Optimum Tariff Structures", History of Political Economy (Fall, 2000), pp. 421-436 [abs]
2. Patrick Conway, Wilfrid Csaplar and Eward Tower, "How to Encourage Exports Without a Budgetary Cost: Comment on Wang and Tsai", Revista Internzaionale de Science Economiche e Commercialli (International Review of Economics and Business", vol. 47 no. 4 (2000), pp. 701-704 [abs]
3. John Gilbert and E. Tower, "Protectionism, Labor Mobility and Immiserizing Growth in Developing Countries", Economics Letters no. 1 (2002), pp. 135-40 [abs]
4. Ryan Gibbs, Omer Gokcekus and E. Tower, "Is Talk Cheap? Buying Congressional Testimony with Campaign Contributions", Journal of Policy Reform, vol. 5 no. 3 (2002), pp. 127-132, Blackwell [abs]
5. Vladamir Cvijanovic, Mia Mikic and E. Tower, "Evaluating Croatian Equities", Zagreb Journal of Economics, vol. 7 no. 10 (2003), pp. 73-88 [abs]
6. Matthew Harney and Edward Tower, "Rational Pessimism: Predicting Equity Returns by Tobin's q and Price/Earnings Ratios", The Journal of Investing, vol. 12 no. 2 (Fall, 2003), pp. 58-69 [abs]
7. William H. Kaempfer, E. Tower and Thomas D. Willett, "The Employment Maximizing Import Quota Under Domestic Monopoly", Journal of International Logistics and Trade, vol. 1 no. 1 (2003), pp. 22 [abs]
8. Omer Gokcekus, Joshua J. Phillips and E. Tower, "School Choice: Money, Race and Congressional Voting on Vouchers", Public Choice no. 1 (2004 forthcoming), pp. 20 [abs]
9. Kenneth S. Reinker and E. Tower, "Predicting Equity Returns for 37 Countries: Tweeking the Gordon Formula", Journal of Investing, vol. 13 no. 2 (2004 forthcoming), pp. 21 pp. [abs]
10. Kenneth S. Reinker and E. Tower, "Index Fundamentalism Revisited", Journal of Portfolio Management (2004 forthcoming), pp. 31 [abs]
11. Omer Gokcekus and E. Tower, "An Efficiency Enhancing Minimum Wage", Journal of Policy Reform, vol. 7 no. 2 (2004 forthcoming), pp. 22pp. [abs]
12. William H. Kaempfer, Edward Tower and Thomas D. Willett, "Trade Protectionism", in The Encyclopedia of Public Choice, edited by Charles K. Rowley and Friedrich Schneider (October, 2003), pp. 550-576, Kluwer Academic Publishers [abs]
13. Gretchen Phillips and E. Tower, "Labor PAC Campaign Contributions and NAFTA Legislators: Rhetoric or Retribution?", in Empirical Methods In International Trade: Essays in Honor of Mordechai E. Kreinin, edited by Michael Plummer (2004 forthcoming), Edward Elgar [abs]
14. Omer Gokcekus, Justin Knowles and E. Tower, "Sweetening the Pot: How American Sugar Buys Protection", in The Political Economy of Trade, Aid and Foreign Investment Policies, edited by Devashish Mitra and Arvind Panagariiya (2004 forthcoming), Elsevier [abs]