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Rankings of Academic Journals and Institutions
in Economics∗
Pantelis Kalaitzidakis
University of Crete and University of Cyprus
Theofanis P. Mamuneas
University of Leicester and University of Cyprus
Thanasis Stengos
University of Guelph
October 2001
∗We like to thank D. Laband who provided us with his index of characters per page and
Elena Ketteni for excellent research assistance. Financial support from European Economic
Association is gratefully acknowledged.
1 Introduction
There has been a lot of recent research literature on rankings of economics
departments throughout the world. They serve as signals tools for attracting
new faculty and retaining older in highly ranked institutions and also help at-
tract the best graduate students who have academic aspirations. Many times
these rankings are used by university administrators to allocate scarce educa-
tion funds to different departments according to their success in these rankings.
There has been a long standing tradition for US economic departments to be
ranked (see Scott and Mitias (1996) and Dusansky and Vernon (1998) for recent
such rankings). Recent European studies of this kind include Kirman and Dahl
(1994) and Kalaitzidakis, Mamuneas and Stengos (1999). There have been also
rankings of departments in Asia (see Jin and Yau (1999)), Canada (see Lucas
(1995)), as well as Australia (see Harris (1990)). Rankings are also constructed
in other related disciplines such as finance for the same reasons outlined above,
(see Chung and Cox, (1990)).
Coupé (2000) provides a comprehensive ranking of economic departments
world-wide. His ranking methodology is based on empl
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