NATIONAL BUREAU OF ECONOMIC RESEARCH AND UNIVERSITY OF CHICAGO TOP RANKINGS IN ECONOMICS AND BUSINESS
Harvard researcher tops most-cited individual rankingsPhiladelphia, PA, USA - London, UK - November 3, 2005 — With more than 30,000 citations between 1995 and April 2005, the National Bureau of Economic Research (NBER) in Cambridge, Massachusetts, is the most cited institution in the field of economics and business, while the University of Chicago has garnered the highest “impact” (highest number of citations per paper). This, according to the November/December issue of Science Watch—the bimonthly newsletter published by Thomson Scientific, a business of The Thomson Corporation.
Using data from Essential Science IndicatorsSM, the Science Watch study evaluated institutions based on papers published and cited in nearly 200 of economics, business, and accounting and management journals indexed by Thomson Scientific.
“Different citation measurements produce different results,” said Christopher King, editor of Science Watch. “Total-citation rankings are most often dominated by institutions that publish a high volume of papers. Examining the university’s ‘impact,’ or its average citations per paper, removes this advantage by highlighting the significance of each individual work. By topping both rankings, several prominent institutions solidified their stances as research powerhouses—achieving high output with significantly influential work.”
Seven institutions ranked in the top 10 in both citations and citation impact: National Bureau of Economic Research, Harvard University, University of Pennsylvania, University of Chicago, MIT, Stanford University and Northwestern University.
Economics and Business Institutions Ranked by Total Citations (1995-2005)
| Rank | Institution | Total Citations (1995-2005) |
| 1 |
National Bureau of Economic Research |
30,598 |
| 2 |
Harvard University |
27,369 |
| 3 |
University of Pennsylvania |
18,656 |
| 4 |
University of Chicago |
16,693 |
| 5 |
MIT |
16,065 |
| 6 |
Stanford University |
14,947 |
| 7 |
University of California, Berkeley |
12,409 |
| 8 |
Northwestern University |
11,958 |
| 9 |
Columbia University |
11,694 |
| 10 |
University of Michigan |
11,548 |
Economics and Business Institutions Ranked by Citation Impact (1995-2005)
| Rank | Institution | Impact (1995-2005) |
| 1 | University of Chicago | 13.98 |
| 2 | Harvard University | 12.22 |
| 3 | National Bureau of Economic Research | 12.10 |
| 4 | MIT | 11.43 |
| 5 | University of California, San Diego | 11.33 |
| 6 | University of Pennsylvania | 11.25 |
| 7 | Carnegie Mellon University | 11.15 |
| 8 | Stanford University | 10.85 |
| 9 | Princeton University | 10.79 |
| 10 | Northwestern University | 10.30 |
The Science Watch rankings also name the top individual researchers, ranked by their number of citations, 1995-2005. Andrei Shleifer of Harvard University tops the rankings with nearly 3,000 citations, while Robert Vishny at the University of Chicago ranks second with just over 2,000.
Most Cited Authors in Economics & Business, 1995-2005
| Rank | Author | Institution | Citations | Papers |
| 1 |
Andrei Shleifer |
Harvard University |
2,802 |
52 |
| 2 |
Robert W. Vishny |
University of Chicago |
2,057 |
18 |
| 3 |
Rafael LaPorta |
Dartmouth College |
1,492 |
21 |
| 4 |
Florencio Lopez-de-Silanes |
Ecole Normale Superieur (France) |
1,452 |
23 |
| 5 |
Ranjay Gulati |
Northwestern University |
1,155 |
17 |
The top four authors named above, Shleifer, Vishny, LaPorta, and Lopez-de-Silanes, all collaborated on two highly cited papers—“Law and finance,” by R. LaPorta, et al., and “Legal determinants of external financing,” by R. LaPorta, et al.—which were cited a combined 740 times.
For more information about these rankings, including the full “top 25” rankings in each category, read the November/December issue of Science Watch, or contact Rodney Yancey at 215-386-6362 or rodney.yancey@thomson.com.
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