Tom Stanley

Professor of Economics and Business, Hendrix College

He teaches Econometrics, Economics Research, Meta-Analysis of Research, History of Economic Thought, Statistics, Survey of Economic Issues, and Management Science. He joined the Hendrix Faculty in 1986 and earned his Ph.D. from Purdue University. Over the last several years, he has specialized in meta-analysis and developed statistical methods for meta-regression analysis and for detecting and correcting publication selection bias. Dr. Stanley is the convener of MAER-Net-- see the remainder of this website.  Selected publications include:

• "Wheat from Chaff: Meta-Analysis as Quantitative Literature Review, " Journal of Economic Perspectives, 15 (2001), 131-50.

•  “Could It Be Better to Discard 90% of the Data? A Statistical Paradox,” The American Statistician, 64(2010), 70-77 (with Stephen B. Jarrell and Hristos Doucouliagos).

• “Meta-Regression Methods for Detecting and Estimating Empirical Effect in the Presence of Publication Selection,” Oxford Bulletin of Economics and Statistics,70(2008):103-27.

• “Beyond Publication Bias,” Journal of Economic Surveys, 19 (3) (2005), 309-347.

  “Could It Be Better to Discard 90% of the Data? A Statistical Paradox,” American Statistician, 64(2010): 70-77 (Steve Jarrell, and Hristos Doucouliagos).

   “Picture This: A Simple Graph that Reveals Much Ado about Research.” Journal of Economic Surveys, 24 (2010), 170-91 (with Hristos Doucouliagos).
• "Gender Wage Discrimination Bias? A Meta-Regression Analysis," Journal of Human Resources, 33 (1998), 947-973 (with Stephen B. Jarrell), available at Jstor.
•  Doucouliagos, H., T.D. Stanley and M. Giles. “Are Estimates of the Value of a Statistical Life Exaggerated?” Journal of Health Economics, 2012, forthcoming, (with HristosDoucouliagos and Margaret Giles). 
• “A Meta-Analysis of the Effect of Common Currencies on International Trade,” Journal of Economic Surveys, 19 (2005), 347-365 (with Andrew K. Rose).
• "New Wine In Old Bottles: A Meta-Analysis of Ricardian Equivalence," Southern Economic Journal, 64 (1998), 713-727, available at Jstor.
• "Meta-Regression Analysis: A Quantitative Method of Literature Surveys," Journal of Economic Surveys, 3 (1989), 161-170 (with Stephen B. Jarrell).
• “Publication Selection Bias in Minimum-Wage Research?  A Meta-Regression Analysis,” British Journal of Industrial Relations, 47 (2009), 406-28 (with Hristos Doucouliagos). 
•  “Theory competition and selectivity: Are all economic facts greatly exaggerated?” Journal of Economic Surveys, forthcoming, 2012,