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Models for ranking European Institutions of higher learning with an application to data from Greece


  • Georgios Bitros

    (Athens University of Economics & Business)


Monitoring the success of colleges and universities can be useful to many interested parties and for many purposes. For example, it can assist administrations to identify the strengths and weaknesses of their institutions and take corrective actions. It can enlighten the decisions of funding authorities, as transparency and accountability in public life are becoming subjects of wide social concern. And of course it can provide prospective university students and their parents with the data they need to make informed educational decisions. In this paper we propose a flexible analytical framework for ranking institutions of higher learning and apply it to date from 19 Department of Economics, Business Administration, and European International and Economic Studies that operated in Greece in 1998. Our results suggest that the proposed model is robust with respect to several criteria. In particular, the rankings in each category remain unchanged for a wide range of the weights employed to sum the contributions of research, teaching and other activities of the faculties. The top departments retain their relative positions in their categories irrespective of whether the rating criterion is research or teaching, thus ascertaining the finding that good teaching goes hand in hand with good research. And last, but not least, it is found that market ratings of the various departments, as represented by the evaluations of graduates their employers, and other interested parties, are consistent with the rankings based on academic criteria.

Suggested Citation

  • Georgios Bitros, 2005. "Models for ranking European Institutions of higher learning with an application to data from Greece," General Economics and Teaching 0503010, EconWPA.
  • Handle: RePEc:wpa:wuwpgt:0503010
    Note: Type of Document - pdf; pages: 33

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    References listed on IDEAS

    1. Joao Ricardo Faria, 2000. "The Research Output of Academic Economists in Brazil," Working Paper Series 100, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    2. Kalaitzidakis, P. & Mamuneas, T.P. & Stengos, T., 2003. "Rankings of Academic Journals and Institutions," Working Papers 2003-8, University of Guelph, Department of Economics and Finance.
    3. Pantelis Kalaitzidakis & Theofanis P. Mamuneas & Thanasis Stengos, 1999. "Rankings of Economic Departments Among Greek-Speaking Institutions," Ekonomia, Cyprus Economic Society and University of Cyprus, vol. 3(1), pages 70-75, summer.
    4. 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.
    5. 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.
    6. Juan Dolado & Antonio García-Romero & Gema Zamarro, 2003. "Publishing performance in economics: Spanish rankings (1990-1999)," Spanish Economic Review, Springer;Spanish Economic Association, vol. 5(4), pages 317-317, November.
    7. Kalaitzidakis, Pantelis & Mamuneas, Theofanis P. & Stengos, Thanasis, 1999. "European economics: An analysis based on publications in the core journals," European Economic Review, Elsevier, vol. 43(4-6), pages 1150-1168, April.
    8. Richard Pomfret & Liang Choon Wang, 2003. "Evaluating The Research Output Of Australian Universities' Economics Departments," Australian Economic Papers, Wiley Blackwell, vol. 42(4), pages 418-441, December.
    9. Joseph Macri & Dipendra Sinha, 2006. "Rankings Methodology for International Comparisons of Institutions and Individuals: an Application to Economics in Australia and New Zealand," Journal of Economic Surveys, Wiley Blackwell, vol. 20(1), pages 111-156, February.
    10. Tom Coupé & Patrick Paul Walsh, 2003. "Quality Based Rankings of Irish Economists 1990-2000," The Economic and Social Review, Economic and Social Studies, vol. 34(2), pages 145-149.
    11. Franklin Mixon & Kamal Upadhyaya, 2001. "Ranking economics departments in the US South," Applied Economics Letters, Taylor & Francis Journals, vol. 8(2), pages 115-119.
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    Cited by:

    1. Stelios Katranidis & Theodore Panagiotidis & Costas Zontanos, 2014. "An Evaluation Of The Greek Universities’ Economics Departments," Bulletin of Economic Research, Wiley Blackwell, vol. 66(2), pages 173-182, April.

    More about this item


    University rankings; models of rankings; rankings of Greek economics and business departments;

    JEL classification:

    • A29 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Other

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