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Ranking economics departments worldwide on the basis of PhD placement

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  • Rabah, AMIR
  • Malgorzata, KNAUFF

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

Suggested Citation

  • Rabah, AMIR & Malgorzata, KNAUFF, 2005. "Ranking economics departments worldwide on the basis of PhD placement," Discussion Papers (ECON - Département des Sciences Economiques) 2005041, Université catholique de Louvain, Département des Sciences Economiques.
  • Handle: RePEc:ctl:louvec:2005041
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    File URL: http://sites.uclouvain.be/econ/DP/IRES/2005-41.pdf
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    References listed on IDEAS

    as
    1. Michel Lubrano & Luc Bauwens & Alan Kirman & Camelia Protopopescu, 2003. "Ranking Economics Departments in Europe: A Statistical Approach," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1367-1401, December.
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    4. 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.
    5. 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.
    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. Ignacio Palacios-Huerta & Oscar Volij, 2004. "The Measurement of Intellectual Influence," Econometrica, Econometric Society, vol. 72(3), pages 963-977, May.
    8. 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.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Does faculty quality matter for PhDs?
      by Economic Logician in Economic Logic on 2010-08-06 19:23:00
    2. Małgorzata Knauff
      by Metablog Obserwatora Finansowego in Obserwator Finansowy on 2009-12-10 17:59:58

    Citations

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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, 2010. "Comparing the early research performance of PhD graduates in labor economics in Europe and the USA," Scientometrics, Springer;Akadémiai Kiadó, vol. 84(3), pages 621-637, September.
    3. repec:spr:scient:v:104:y:2015:i:1:d:10.1007_s11192-015-1581-y is not listed on IDEAS
    4. Ali Sina Önder & Marko Terviö, 2015. "Is Economics A House Divided? Analysis Of Citation Networks," Economic Inquiry, Western Economic Association International, vol. 53(3), pages 1491-1505, July.
    5. Leks Borgans & Frank Corvers (Transl. by: E. Pokatovich ), 2010. "The americanization of European higher education and research," Educational Studies, Higher School of Economics, issue 2, pages 5-43.
    6. David W. Johnston & Marco Piatti & Benno Torgler, 2013. "Citation success over time: theory or empirics?," Scientometrics, Springer;Akadémiai Kiadó, vol. 95(3), pages 1023-1029, June.
    7. Anne E Winkler & Sharon G Levin & Paula E Stephan & Wolfgang Gl&aauml;nzel, 2014. "Publishing Trends in Economics across Colleges and Universities, 1991–2007," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 40(4), pages 560-582, September.
    8. Sari Pekkala Kerr & William Kerr & Çağlar Özden & Christopher Parsons, 2016. "Global Talent Flows," Journal of Economic Perspectives, American Economic Association, vol. 30(4), pages 83-106, Fall.
    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. Frances P. Ruane & Richard S. J. Tol, 2009. "A Hirsch measure for the quality of research supervision, and an illustration with trade economists," Scientometrics, Springer;Akadémiai Kiadó, vol. 80(3), pages 613-624, September.
    11. repec:eee:infome:v:11:y:2017:i:2:p:641-654 is not listed on IDEAS
    12. 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.
    13. repec:aea:jeclit:v:56:y:2018:i:1:p:115-56 is not listed on IDEAS
    14. Konstantinos Chatzimichael & Pantelis Kalaitzidakis & Vangelis Tzouvelekas, 2017. "Measuring the publishing productivity of economics departments in Europe," Scientometrics, Springer;Akadémiai Kiadó, vol. 113(2), pages 889-908, November.
    15. João R. Faria & Franklin G. Mixon & Kamal P. Upadhyaya, 2016. "Human capital, collegiality, and stardom in economics: empirical analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 106(3), pages 917-943, March.
    16. Godechot, Olivier, 2011. "How Did the Neoclassical Paradigm Conquer a Multi-disciplinary Research Institution?," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 10.
    17. Derek Yu & Atoko Kasongo & Mariana Moses, 2017. "Examining the Performance of the South African Economics Departments, 2005-2014," South African Journal of Economics, Economic Society of South Africa, vol. 85(1), pages 138-158, March.
    18. 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.
    19. repec:spr:scient:v:117:y:2018:i:1:d:10.1007_s11192-018-2850-3 is not listed on IDEAS
    20. Daniel S. Hamermesh, 2018. "Citations in Economics: Measurement, Uses, and Impacts," Journal of Economic Literature, American Economic Association, vol. 56(1), pages 115-156, March.
    21. Pedro Albarrán & Raquel Carrasco & Javier Ruiz-Castillo, 2017. "Geographic mobility and research productivity in a selection of top world economics departments," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(1), pages 241-265, April.
    22. Yongjun Zhu & Erjia Yan & Min Song, 2016. "Understanding the evolving academic landscape of library and information science through faculty hiring data," Scientometrics, Springer;Akadémiai Kiadó, vol. 108(3), pages 1461-1478, September.

    More about this item

    Keywords

    Economics PhD education; scientific evaluation methods; economic department ranking;

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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