TAILIEUCHUNG - A Ranking of Journals in Economics and Related Fields

Almost all businesses start small. The . Census Bureau’s Statistics of . Businesses (SUSB) shows that over the last 20 years, about 95 percent of new employer firms started with fewer than 20 employees. Along with start-ups come closures. Firms with fewer than 20 employees also account for 95 percent of closures. This illustrates that business turnover is the domain of small businesses. Establishment turnover follows similar patterns. 12 Small establishment turnover (entry and exit) is a reasonably good proxy for small firm turnover, as the bulk of establishment entry and exit (about 85. | German Economic Review 9 4 402-430 A Ranking of Journals in Economics and Related Fields Klaus Ritzberger Vienna Graduate School of Finance and Institute for Advanced Studies Abstract. This paper presents an update of the ranking of economics journals by the invariant method as introduced by Palacio-Huerta and Volij with a broader sample of journals. By comparison with the two other most prominent rankings it also proposes a list of target journals ranked according to their quality as a standard for the field of economics. JEL classification A12 A14. Keywords Journal ranking economics journals business administration journals finance journals citations. 1. INTRODUCTION The ranking of professional journals in economics has attracted growing interest during the past decade see Kalaitzidakis et al. 2003 Koczy and Strobel 2007 Kodrzycki and Yu 2006 Laband and Piette 1994 Liebowitz and Palmer 1984 Liner and Amin 2006 Palacio-Huerta and Volij 2004 . Journal rankings have been used to evaluate the research performance of economics departments . Bommer and Ursprung 1998 Combes and Linnemer 2003 Lubrano et al. 2003 and of individual economists . Coupe 2003 . They provide objective information about the quality of publications in a world where academic publications have reached an overwhelming extent and variety. While half a century ago a well-trained economist may have comprehended all key developments in economics at large today it is difficult to follow even the pace of subfields. Thus the judgment by an individual academic is accurate only in so far as it concerns her or his own field of specialization. Still hiring tenure promotion and funding decisions should ideally be based on judgments of scientific quality even when expertise about the specializations of all candidates is unavailable. For that reason economists have turned to journal rankings as a substitute for a direct judgment of scientific quality of individuals and institutions. 2008 The Author Journal

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