Edward Tower

Edward Tower

Professor with Tenure

External Address: 
228C Social Sciences Bldg, Box 90097, Durham, NC 27708
Internal Office Address: 
Box 90097, Durham, NC 27708-0097
Phone: 
(919) 660-1818

Professor Tower specializes in finance, computable general equilibrium modeling, macroeconomics, development economics, microeconomics, and managerial economics. He conducts a majority of his research within the study of trade and development, exploring a variety of variables from tariffs, quotas, and time zone arbitrage, to equities, mutual funds, and index mutual funds. Since he began publishing his work in 1965, he has contributed over 130 articles to leading academic journals and has had several books, chapters, and papers appear in print. Some of his more recent writings include, “School Choice: Money, Race, and Congressional Voting on Vouchers,” completed in collaboration with O. Gokcekus and J. Phillips; “Rational Pessimism: Predicting Equity Returns by Tobin’s q and Price/Earnings Ratio” with M. Harney; and “Predicting Equity Returns for 37 Countries: Tweaking the Gordon Formula” with K. Reinker. Much of his work pertaining to U.S. trade policy has been used to determine congressional voting on protectionist issues based on campaign contributions. His work on financial issues has also played an important role in determining the value of the U.S. stock market. His latest studies involved an investigation of congressional voting on importation of ethical drugs and predicting returns on both foreign and U.S. equity.

Education

  • Ph.D., Harvard University 1971
  • M.A., Harvard University 1967
  • B.A., Harvard University 1964

Tower, Edward. “The encyclopedia of public choice.Public Choice 127, no. 3–4 (June 1, 2006): 499–502.

Gokcekus, O., M. Adams, H. Grabowski, and E. Tower. “How did the 2003 prescription drug re-importation bill pass the house?Economics and Politics 18, no. 1 (March 1, 2006): 27–45. https://doi.org/10.1111/j.1468-0343.2006.00161.x. Full Text Open Access Copy

Reinker, K. S., and E. Tower. “Are vanguard's managers good stock-pickers or style-pickers?Journal of Portfolio Management 31, no. 3 (March 1, 2005).

Reinker, K. S., and E. Tower. “Index fundamentalism revisited.” Journal of Portfolio Management 30, no. 4 (June 1, 2004).

Gokcekus, O., J. J. Phillips, and E. Tower. “School choice: Money, race, and congressional voting on vouchers.” Public Choice 119, no. 1–2 (April 1, 2004): 241–54.

Gokcekus, Omer, Joshua J. Phillips, and E. Tower. “"School Choice: Money, Race and Congressional Voting on Vouchers".” Public Choice, no. 1 (2004).

Harney, Matthew, and Edward Tower. “"Rational Pessimism: Predicting Equity Returns by Tobin's q and Price/Earnings Ratios".” The Journal of Investing 12, no. 2 (October 2003): 58–69.

Reinker, Kenneth S., and E. Tower. “"Predicting Equity Returns for 37 Countries: Tweeking the Gordon Formula".” Journal of Investing 13, no. 2 (July 2003).

Reinker, Kenneth S., and E. Tower. “"Index Fundamentalism Revisited".” Journal of Portfolio Management, July 2003.

Pages

Gilbert, John, and Edward Tower. “Small Country Version of the HOS Model from Chapter 12 of Gilbert and Tower (2013),” November 9, 2012.

Gilbert, John, and Edward Tower. “Higher Dimensional Production Problem from Chapter 9 of Gilbert and Tower (2013),” November 9, 2012.

Gilbert, John, and Edward Tower. “Autarky Version of the Specific Factors Model from Chapter 11 of Gilbert and Tower (2013),” November 9, 2012.

Gilbert, John, and Edward Tower. “Model of the Exchange Economy from Chapter 22 of Gilbert and Tower (2013),” November 9, 2012.

Gilbert, John, and Edward Tower. “Large Country Model with Optimal Trade Taxes from Chapter 19 of Gilbert and Tower (2013),” November 9, 2012.

Gilbert, John, and Edward Tower. “Autarky Version of the HOS Model from Chapter 11 of Gilbert and Tower (2013),” November 9, 2012.

Pages