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Worldwide Econometrics Rankings: 1989-2005

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Worldwide Econometrics Rankings: 1989-2005 Syracuse University SURFACE Maxwell School of Citizenship and Public Center for Policy Research Affairs 2007 Worldwide Econometrics Rankings: 1989-2005 Badi H. Baltagi Syracuse University. Center for Policy Research, [email protected] Follow this and additional works at: https://surface.syr.edu/cpr Part of the Econometrics Commons Recommended Citation Baltagi, Badi H., "Worldwide Econometrics Rankings: 1989-2005" (2007). Center for Policy Research. 71. https://surface.syr.edu/cpr/71 This Working Paper is brought to you for free and open access by the Maxwell School of Citizenship and Public Affairs at SURFACE. It has been accepted for inclusion in Center for Policy Research by an authorized administrator of SURFACE. For more information, please contact [email protected]. ISSN: 1525-3066 Center for Policy Research Working Paper No. 94 WORLDWIDE ECONOMETRICS RANKINGS: 1989-2005 Badi H. Baltagi Center for Policy Research Maxwell School of Citizenship and Public Affairs Syracuse University 426 Eggers Hall Syracuse, New York 13244-1020 (315) 443-3114 | Fax (315) 443-1081 e-mail: [email protected] May 2007 $5.00 Up-to-date information about CPR’s research projects and other activities is available from our World Wide Web site at www-cpr.maxwell.syr.edu. All recent working papers and Policy Briefs can be read and/or printed from there as well. CENTER FOR POLICY RESEARCH – Spring 2007 Timothy Smeeding, Director Professor of Economics & Public Administration __________ Associate Directors Margaret Austin Associate Director Budget and Administration Douglas Wolf John Yinger Professor of Public Administration Professor of Economics and Public Administration Associate Director, Aging Studies Program Associate Director, Metropolitan Studies Program SENIOR RESEARCH ASSOCIATES Badi Baltagi............................................ Economics Len Lopoo ..............................Public Administration Pablo Beramendi............................Political Science Jerry Miner .............................................Economics Dan Black............................................... Economics Jan Ondrich............................................Economics William Duncombe ................. Public Administration John Palmer ...........................Public Administration Gary Engelhardt ....................................Economics Lori Ploutz-Snyder........................Exercise Science Deborah Freund ....................Public Administration David Popp.............................Public Administration Madonna Harrington Meyer .....................Sociology Grant Reeher ................................ Political Science Christine Himes........................................Sociology Christopher Rohlfs .................................Economics William C. Horrace .................................Economics Stuart Rosenthal ....................................Economics Duke Kao ...............................................Economics Ross Rubenstein....................Public Administration Eric Kingson ........................................ Social Work Margaret Usdansky ..................................Sociology Thomas Kniesner ..................................Economics Michael Wasylenko ................................Economics Jeffrey Kubik ..........................................Economics Janet Wilmoth ..........................................Sociology Andrew London........................................Sociology GRADUATE ASSOCIATES Javier Baez ............................................Economics Sung Hyo Hong....................................... Economics Sonali Ballal ...........................Public Administration Joseph Marchand.................................... Economics Jesse Bricker .........................................Economics Neelakshi Medhi ............................... Social Science Maria Brown.....................................Social Science Larry Miller .............................. Public Administration Mike Eriksen ..........................................Economics Wendy Parker ........................................... Sociology Qu Feng .................................................Economics Emily Pas ................................................ Economics Katie Fitzpatrick......................................Economics Shawn Rohlin.......................................... Economics Alexandre Genest ..................Public Administration Cynthia Searcy........................ Public Administration Julie Anna Golebiewski...........................Economics Jeff Thompson ........................................ Economics Nadia Greenhalgh-Stanley ....................Economics Coady Wing ............................ Public Administration Tamara Hafner.......................Public Administration Daniel Yanulavich ................... Public Administration Yue Hu ...................................................Economics Ryan Yeung ............................ Public Administration STAFF Kelly Bogart ......................Administrative Secretary Candi Patterson.......................Computer Consultant Martha Bonney.. ...Publications/Events Coordinator Mary Santy……...….………Administrative Secretary Karen Cimilluca.…………..Administrative Secretary Tammy Tanner…………Librarian/Office Coordinator Kitty Nasto.........................Administrative Secretary Abstract* This paper updates Baltagi’s (2003, Econometric Theory 19, 165-224) rankings of academic institutions by publication activity in econometrics from 1989-1999 to 1989-2005. This ranking is based on 16 leading international journals that publish econometrics articles. It is compared with the prior rankings by Hall (1980, 1987) for the period 1980-1988. In addition, a list of the top 150 individual producers of econometrics in these 16 journals over this 17-year period is provided. This is done for theoretical econometrics as well as all contributions in econometrics. Sensitivity analysis is provided using (i) alternative weighting factors given to the 16 journals taking into account impact citations, excluding self-citations, size and age of the journal, (ii) alternative time intervals, namely, (2000-2005), (1995-2005), and (1989-2005), (iii) alternative ranking using the number of articles published in these journals, (iii) separate rankings for both institutions and individuals by journal, (iv) rankings for institutions and individuals based on publications in three core econometrics journals. *Forthcoming in Econometric Theory Contact author: Badi H. Baltagi, Department of Economics and Center for Policy Research, Syracuse, New York, 13244-1020, USA JEL classification: C01 Key Words: Econometrics Rankings, Econometrics Journals, Econometric Theory, Applied Econometrics “What is certain is that econometrics now occupies a position in teaching programs that puts it on an equal footing with microeconomic and macroeconomic theory; and in research there seems to be no area of economics untouched by econometric method. To keep abreast of these changes, we intend to provide regular updates of the rankings of research activity presented in this issue of Econometric Theory.” Peter C.B. Phillips (1987, Econometric Theory 3,169) 1. INTRODUCTION In 1985, Peter C.B. Phillips, the editor of ET, commissioned a worldwide ranking of research activity in econometrics which was the first of its kind, see Hall (1987). More than 21 years later, we have witnessed four updates (counting this study) of the original Hall ranking paper published in ET. These updates are given in Hall (1990) and Baltagi (1998, 2003). These econometrics rankings have attracted a lot of attention, praise, criticism and controversy. They have been posted on the ET website, http://korora.econ.yale.edu/et/ and used by departments and deans to evaluate faculty and econometrics programs. Ranking studies in the field of economics have been a thriving industry and include classic articles like Graves, Marchand and Thompson (1982), Hirsch, Austin, Brooks and Moore (1984); Conroy, Dusansky, Drukker and Kildegaard (1995); Scott and Mitias (1996); and Dusansky and Vernon (1998) to mention a few. More recently, a special issue of the Journal of the European Economic Association published six papers based on a symposium of EEA-funded studies to evaluate economic research in Europe, see Neary, Mirlees and Tirole (2003, p.1240). “The Council of the EEA took the view that it was very desirable to encourage more studies of this kind, given the poor governance structures and inappropriate incentives that still characterize so many European universities. The results should help all those attempting to evaluate and develop research capacity, including officials in charge of overseeing and funding universities, and university officers trying to assess the quality of their economics department.” Economics rankings have also been done by region and country, see Lucas (1995) for Canada, Smyth and Smyth (2001) for the U.K., Dolado, et al. (2003) for Spain, Combes and Linnemer (2001) for France, Bairam (1996) and King (2001) for New Zealand, Harris (1990) and Sinha and Macri (2002) for Australia and Jin and Yau (1999) for East Asia, to mention a few. As important as economics rankings are, they obscure the quality and productivity of econometricians in these departments. Our rankings help strip away the protection of the larger economic department in order to judge the productivity of econometricians within these departments. We followed the initial study by Hall (1987) in the choice of journals
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