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Ranking economics departments worldwide on the basis of PhD placement

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  • AMIR, Rabah
  • KNAUFF, Malgorzata

Abstract

An objective ranking of economics departments worldwide in terms of graduate education is derived. The central idea is that the value of a department is the sum of the values of its PhD graduates, as reflected in the values of their current employing departments. The scores are thus derived as solutions to a linear system of simultaneous equations in the values. The sample includes the top fifty-four departments, the composition of which is determined endogenously using a criterion requiring a minimum of four placements in the departments comprising the sample. Two other related rankings are proposed, which place more emphasis on more recent faculty recruitments. The results point to a very high concentration in the economics PhD education market worldwide, confirming the dominance of the top U.S. departments, in particular of Harvard and M.I.T. Nevertheless, a modest de-concentration trend is under way. The rankings are in close agreement with the 1994 National Research Council survey ranking based on the perceived quality of PhD programs.

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Bibliographic Info

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2005051.

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Date of creation: 00 Aug 2005
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Handle: RePEc:cor:louvco:2005051

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Keywords: economics PhD education; scientific evaluation methods; economics department ranking;

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References

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  1. Volij, Oscar & Palacios-Huerta, Ignacio, 2004. "The Measurment of Intellectual Influence," Staff General Research Papers 10797, Iowa State University, Department of Economics.
  2. BAUWENS, Luc & KIRMAN, Alan & LUBRANO, Michel & PROTOPOPESCU, Camelia, . "Ranking economics departments in Europe: a statistical approach," CORE Discussion Papers RP -1694, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. Pantelis Kalaitzidakis & Theofanis P Mamuneas & Thanasis Stengos, 2001. "Rankings of Academic Journals and Institutions in Economics," Discussion Papers in Economics 01/8, Department of Economics, University of Leicester.
  4. AMIR, Rabah, 2002. "Impact-adjusted citations as a measure of journal quality," CORE Discussion Papers 2002074, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  5. Glenn Ellison, 2002. "Evolving Standards for Academic Publishing: A q-r Theory," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 994-1034, October.
  6. Glenn Ellison, 2002. "The Slowdown of the Economics Publishing Process," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 947-993, October.
  7. Pierre-Philippe Combes & Laurent Linnemer, 2003. "Where are the Economists Who Publish? Publication Concentration and Rankings in Europe Based on Cumulative Publications," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1250-1308, December.
  8. Liebowitz, S J & Palmer, J P, 1984. "Assessing the Relative Impacts of Economic Journals," Journal of Economic Literature, American Economic Association, vol. 22(1), pages 77-88, March.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. MaÅ?gorzata Knauff
    by Metablog Obserwatora Finansowego in Obserwator Finansowy on 2009-12-10 11:59:58
  2. Does faculty quality matter for PhDs?
    by Economic Logician in Economic Logic on 2010-08-06 14:23:00
  3. MaÅ?gorzata Knauff
    by Metablog Obserwatora Finansowego in Obserwator Finansowy on 2009-12-10 11:59:58

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography for Economics:
  1. > Economics Profession > Ranking in Economics > Ranking Journals
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Cited by:
  1. Torgler, Benno & Piatti, Marco, 2011. "A Century of American Economic Review," Berkeley Olin Program in Law & Economics, Working Paper Series qt6h59v4m6, Berkeley Olin Program in Law & Economics.
  2. Ana Rute Cardoso & Paulo Guimarães & Klaus F. Zimmermann, 2008. "Comparing the Early Research Performance of PhD Graduates in Labor Economics in Europe and the USA," UFAE and IAE Working Papers 760.08, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  3. Sina Önder, Ali & Terviö, Marko, 2013. "Is Economics a House Divided? Analysis of Citation Networks," Working Paper Series 2013:5, Uppsala University, Department of Economics.
  4. David W. Johnston & Marco Piatti & Benno Torgler, 2012. "Citation Success Over Time: Theory or Empirics?," CREMA Working Paper Series 2012-05, Center for Research in Economics, Management and the Arts (CREMA).
  5. Borghans, Lex & Cörvers, Frank, 2009. "The Americanization of European Higher Education and Research," IZA Discussion Papers 4445, Institute for the Study of Labor (IZA).
  6. John Gibson & David L. Anderson & John Tressler, 2014. "Which Journal Rankings Best Explain Academic Salaries? Evidence From The University Of California," Economic Inquiry, Western Economic Association International, vol. 52(4), pages 1322-1340, October.
  7. Sina Önder, Ali & Terviö, Marko, 2013. "Is Economics a House Divided? Analysis of Citation Networks," Working Paper Series, Center for Fiscal Studies 2013:3, Uppsala University, Department of Economics.
  8. Winkler, Anne E. & Levin, Sharon & Stephan, Paula & Glänzel, Wolfgang, 2011. "Publishing Trends in Economics across Colleges and Universities, 1991-2007," IZA Discussion Papers 6082, Institute for the Study of Labor (IZA).
  9. Franklin G. Mixon & Kamal P. Updahyaya, 2011. "From London to the Continent: Ranking European Economics Departments on the Basis of Prestigious Medals and Awards," Ekonomia, Cyprus Economic Society and University of Cyprus, vol. 14(2), pages 119-126, Winter.

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