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on Sociology of Economics |
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Issue of 2006‒10‒28
four papers chosen by Jonas Holmstrom Swedish School of Economics and Business Administration |
| By: | Lasser, Dennis; Rydqvist, Kristian |
| Abstract: | This paper presents a new metric for journal ranking that has the advantage of ranking more journals with a longer time-series at a low cost relative to impact factors and survey-based methods. We simultaneously rank journals and institutions by the degree of concentration of top journal publications among top rated institutions. The resulting rank of journals by concentration is similar to the rank by impact factors, but the concentration rank includes several journals which are not in the Social Science Citation Index. We also examine the index with thirty-five years of finance research, document a strong secular decline for most journals, a widening gap between higher and lower tier journals, and study the impact on journal competition from the Review of Financial Studies. |
| Keywords: | concentration index; financial economics; impact factor; institution ranking; journal ranking |
| JEL: | A11 G00 I23 |
| Date: | 2006–06 |
| URL: | http://d.repec.org/n?u=RePEc:cpr:ceprdp:5731&r=sog |
| By: | Han Kim, E; Morse, Adair; Zingales, Luigi |
| Abstract: | We study the location-specific component in research productivity of economics and finance faculty who have ever been affiliated with the top 25 universities in the last three decades. We find that there was a positive effect of being affiliated with an elite university in the 1970s; this effect weakened in the 1980s and disappeared in the 1990s. We decompose this university fixed effect and find that its decline is due to the reduced importance of physical access to productive research colleagues. We also find that salaries increased the most where the estimated externality dropped the most, consistent with the hypothesis that the de-localization of this externality makes it more difficult for universities to appropriate any rent. Our results shed some light on the potential effects of the internet revolution on knowledge-based industries. |
| Keywords: | faculty productivity; firm boundaries; knowledge-based industries; theory of the firm |
| JEL: | D85 I23 J24 J31 J62 L23 L31 O33 |
| Date: | 2006–05 |
| URL: | http://d.repec.org/n?u=RePEc:cpr:ceprdp:5700&r=sog |
| By: | Edward L. Glaeser |
| Abstract: | Economists are quick to assume opportunistic behavior in almost every walk of life other than our own. Our empirical methods are based on assumptions of human behavior that would not pass muster in any of our models. The solution to this problem is not to expect a mass renunciation of data mining, selective data cleaning or opportunistic methodology selection, but rather to follow Leamer's lead in designing and using techniques that anticipate the behavior of optimizing researchers. In this essay, I make ten points about a more economic approach to empirical methods and suggest paths for methodological progress. |
| JEL: | A11 B4 |
| Date: | 2006–10 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberte:0329&r=sog |
| By: | José M. Menudo (Department of Economics, Universidad Pablo de Olavide); José Mª O’kean (Department of Economics, Universidad Pablo de Olavide) |
| Abstract: | This paper deals with the French economic thought throughout the eighteenth and nineteenth centuries. A series of distinctive concepts were developed to come to a clear understanding of the economic problems which the French authors were interested in. J.A. Schumpeter called these economists 'the French tradition'. The arguments presented in this paper aim at illustrating the process of construction of this framework of theoretical concepts which can be regarded as an unsuccessful alternative to the British classical economics. However, this fruitful view of the economy has left a legacy of important contributions to economic theory.. |
| Keywords: | Classical and Preclassical, Economic Methodology, Entrepreneurship, Production and Organisations. |
| JEL: | B1 B41 M13 D2 |
| Date: | 2006–10 |
| URL: | http://d.repec.org/n?u=RePEc:pab:wpaper:06.24&r=sog |