Growth of Econ Research in China
The Tilburg University Economics Ranking Sandbox
For anyone that doesn’t know it, the Tilburg University Economics Ranking, which ranks economics departments based on contributions to articles published in any one of 62 (mostly English-language) economics-related journals, is well worth a look.
US Institutions still Dominant
As well as the headline ranking, anyone interested can use the sandbox ranking to define which years, countries or journals should be taken into account. Sorting the data by country and year, and based on contributions to all of the 62 journals sampled, the unsurprising dominance of US scholars in the field is confirmed pretty quickly.
US Overtaken in Economics Research Output!
More interesting is the convergence in the published contributions between scholars in the US and their counterparts elsewhere. In 2005 economists at US institutions accounted for 51.9% of contributions. By 2008 this had dropped to 47.9%, before recovering slightly to around 48.4% in 2010 and 2011.
In dropping below the 50% mark, the rest of the world can be said, with but a tip of the tongue in one’s cheek, to have caught up in terms of annual contribution to the academic literature in economics. The increased output from scholars based in Europe, whose contributions accounted for almost 36% in 2011, up from less than 33% in 2004, accounts for much of this shift.
Looking just at the BRIC countries, still minnows when placed in the context of the USA and Europe, the gradual advance in the share of contributions made to international journals, especially of China and Brazil, can be seen more clearly. Academics at Russian and Indian institutions on the other hand, seem to be struggling either to produce quality research, or at least to get published. Tempting job offers at American and European universities for top graduates from these countries might be a factor in this.
Rise of China
The academic rise of China is much discussed, with the PhD output across all subjects now surpassing the USA in terms of number of graduates (see this article in Nature from April 2011 for a nice overview).
In terms of contribution to international economics literature, Chinese institutions are still some way behind their American and European counterparts. Quite interesting, however, is the growth of output since 2004. Taking 2004 as a baseline, the output of academics at Chinese institutions, with 81 published contributions, represents over a 100% increase compared to the 37 contributions in 2004. The disparity between the US, Europe and the rest remains huge, however the numbers are interpreted. The insights offered by the Tilburg rankings, though, are worth a look, and in the coming years may start to show clearer trends if and when Chinese institutions, in particular, manage to increase their global reputation in the academic field of economics.
All data aggregated from the Tilburg University Research Rankings, based on authorship of articles and proceedings in 62 economics-relevant journals, according to the ISI Web of Knowledge v4.6.
PhD Graduates: Disciplines and Numbers
Source: National Science Foundation, NSF/NIH/USED/USDA/NEH/NASA, Survey of Earned Doctorates After our recent blog-post comparing the number of PhD graduates in the US and China we decided to have a closer look at the number of graduates in specific disciplines in the US, focusing on the change in the numbers of PhD graduates between 2001 and 2011 and see where Economics stands in comparison.
Demand for Econ PhDs, the Nobel Prize, Rankings, Economics Apps, Salaries and Other Top Blog Posts 2012
As we reached the end of the year 2012, we decided to compile a list of the top INOMICS blog posts, those that received a record number of visitors throughout the year. Enjoy your reading and Happy New Year to everyone! 1. Supply and Demand for New Ph.D’s in Economics Based on the Survey of the labor market for new Ph.D hires in economics 2011-2012
How Economists [in Academia] Use Facebook
We asked 340 economists [in academia] which social networks they prefer to use and how. Based on our observations and years of experience with social media, we outline how institutions can use social networks for better communication.