Ranking economics departments worldwide on the basis of PhD placement

Rabah Amir () and Malgorzata Knauff

No 2005051, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

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.

Keywords: economics PhD education; scientific evaluation methods; economics department ranking (search for similar items in EconPapers)
JEL-codes: A14 L11 R32 (search for similar items in EconPapers)
Date: 2005-08
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Ranking Economics Departments Worldwide on the Basis of PhD Placement (2008)
Working Paper: Ranking economics departments worldwide on the basis of PhD placement (2005)
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