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Ranking the ‘Diamond Core’ economic journals: A note

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  • Halkos, George
  • Tzeremes, Nickolaos

Abstract

By estimating the production frontier with the application of Data Envelopment Analysis (DEA) we rank the ‘Diamond Core’ economic journals as has been presented by Diamond (1989). By using one composite input and one composite output the paper ranks 27 core economics journals. For the first time a study attempts to rank the 27 journals by using data from SCOPUS database for the time period of 1996-2010. In addition for the first time three different quality ranking reports are incorporated in the DEA modelling problem in order to classify the journals into four categories (‘A’ to ‘D’). The results reveal that from the 27 ‘core’ economics journals the five journals with the highest rankings are Journal of Political Economy, Quarterly Journal of Economics, Journal of Economic Literature, Review of Economic Studies and American Economic Review. In addition it appears that the journals’ impact factor derived from SSCI database reflects their ranking position.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 36589.

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Date of creation: Feb 2012
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Handle: RePEc:pra:mprapa:36589

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Keywords: Rankings; Economics Journals; Diamond’s core Journals; Data Envelopment Analysis;

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References

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  1. Martha A. Starr, 2010. "Increasing the Impact of Heterodox Work: Insights from "RoSE"," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(5), pages 1453-1474, November.
  2. Pantelis Kalaitzidakis & Theofanis P. Mamuneas & Thanasis Stengos, 2010. "An Updated Ranking of Academic Journals in Economics," Working Papers 1009, University of Guelph, Department of Economics and Finance.
  3. George Emm. Halkos & Nickolaos G. Tzeremes, 2011. "Measuring Economic Journals' Citation Efficiency: A Data Envelopment Analysis Approach," EERI Research Paper Series EERI_RP_2011_13, Economics and Econometrics Research Institute (EERI), Brussels.
  4. Klaus Ritzberger, 2008. "A Ranking of Journals in Economics and Related Fields," German Economic Review, Verein für Socialpolitik, vol. 9, pages 402-430, November.
  5. Burton, M P & Phimister, Euan, 1995. "Core Journals: A Reappraisal of the Diamond List," Economic Journal, Royal Economic Society, vol. 105(429), pages 361-73, March.
  6. Halkos, George & Tzeremes, Nickolaos, 2012. "Ranking accounting, banking and finance journals: A note," MPRA Paper 36166, University Library of Munich, Germany.
  7. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
  8. Francesc Pujol, 2008. "Ranking Journals Following a Matching Model Approach: An Application to Public Economics Journals," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(1), pages 55-76, 02.
  9. Hyndman, R.J. & Yao, Q., 1998. "Nonparametric Estimation and Symmetry Tests for Conditional Density Functions," Monash Econometrics and Business Statistics Working Papers 17/98, Monash University, Department of Econometrics and Business Statistics.
  10. 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.
  11. Marcella Corsi & Carlo D'Ippoliti & Federico Lucidi, 2010. "Pluralism at Risk?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(5), pages 1495-1529, November.
  12. Finn Førsund & Nikias Sarafoglou, 2002. "On the Origins of Data Envelopment Analysis," Journal of Productivity Analysis, Springer, vol. 17(1), pages 23-40, January.
  13. 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.
  14. Førsund , Finn R. & Kittelsen , Sverre A. & Krivonozhko , Vladimir E., 2007. "Farrell Revisited: Visualising the DEA Production Frontier," Memorandum 15/2007, Oslo University, Department of Economics.
  15. Bashtannyk, D.M. & Hyndman, R.J., 1998. "Bandwidth Selection for Kernel Conditional Density Estimation," Monash Econometrics and Business Statistics Working Papers 16/98, Monash University, Department of Econometrics and Business Statistics.
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Cited by:
  1. Halkos, George & Tzeremes, Nickolaos, 2012. "Ranking policy and political economic journals," MPRA Paper 36951, University Library of Munich, Germany.

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