Ranking economics departments worldwide on the basis of PhD placement

Rabah Amir () and Malgorzata Knauff

No 2005041, Discussion Papers (ECON - Département des Sciences Economiques) from Université catholique de Louvain, Département des Sciences Economiques

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; economic department ranking (search for similar items in EconPapers)
JEL-codes: A14 L11 R32 (search for similar items in EconPapers)
Pages: 23
Date: 2005-07-01
New Economics Papers: this item is included in nep-edu, nep-hpe, nep-hrm and nep-sog
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Citations: View citations in EconPapers (2)

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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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