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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. Ignacio Palacios-Huerta & Oscar Volij, 2004. "The Measurement of Intellectual Influence," Econometrica, Econometric Society, vol. 72(3), pages 963-977, 05.
  2. Glenn Ellison, 2000. "The Slowdown of the Economics Publishing Process," NBER Working Papers 7804, National Bureau of Economic Research, Inc.
  3. Pantelis Kalaitzidakis & Theofanis P. Mamuneas & Thanasis Stengos, 2003. "Rankings of Academic Journals and Institutions in Economics," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1346-1366, December.
  4. 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).
  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. 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.
  7. 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).
  8. 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.
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Citations

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. David W. Johnston & Marco Piatti & Benno Torgler, 2012. "Citation Success Over Time: Theory or Empirics?," Working Papers 2012.55, Fondazione Eni Enrico Mattei.
  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," Discussion Papers of DIW Berlin 850, DIW Berlin, German Institute for Economic Research.
  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. Benno Torgler & Marco Piatti, 2011. "A Century of American Economic Review," School of Economics and Finance Discussion Papers and Working Papers Series 266, School of Economics and Finance, Queensland University of Technology.
  5. 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.
  6. Borghans Lex & Cörvers Frank, 2009. "The Americanization of European Higher Education and Research," ROA Research Memorandum 010, Maastricht University, Research Centre for Education and the Labour Market (ROA).
  7. Lex Borghans & Frank Cörvers, 2010. "The Americanization of European Higher Education and Research," NBER Chapters, in: American Universities in a Global Market, pages 231-267 National Bureau of Economic Research, Inc.
  8. John Gibson & David L. Anderson & John Tressler, 2012. "Which Journal Rankings Best Explain Academic Salaries? Evidence from the University of California," Working Papers in Economics 12/10, University of Waikato, Department of Economics.
  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.
  10. 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).

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  1. Economic Logic blog

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