February 05 2013
Dr. Amarendra Sharma, Assistant Professor of Economics, and EC student Patrick Reilly ’13 have co-authored a paper that was published in volume 3(1) of the International Journal of Economic Practices and Theories.
The paper is entitled “A Comparative Study of the Indicators of Success on the PGA Tour: A Panel Data Analysis”.
The abstract of the paper is as follows: Scoring average and earnings serve as the two primary indicators of success on the PGA Tour. However, due to the system of earnings in place, earnings, or earnings per event, are less influenced by key performance statistics and have weaker correlations to these variables than scoring average. This empirical study considers another indicator of success: top ten finishes per event played. Panel Data regressions are used to compare models for scoring average, earnings per event, and top ten finishes per event. We find that the key performance statistics are a better predictor of top ten finishes than earnings per event, and therefore should be considered a better indicator of success of a golf player than earnings per event in relation to the key performance statistics.
This is the second paper from Dr. Sharma’s Financial Econometrics course during Term III of 2012 that has resulted in publication.