Measuring Economic Journals' Citation Efficiency: A Data Envelopment Analysis Approach

This paper by using Data Envelopment Analysis (DEA) and statistical inference evaluates the citation performance of 229 economic journals. The paper categorizes the journals into four main categories (A to D) based on their efficiency levels. The results are then compared to the 27 “core economic journals” as introduced by Dimond (1989). The results reveal that after more than twenty years Diamonds’ list of “core economic journals” is still valid. Finally, for the first time the paper uses data from four well-known databases (SSCI, Scopus, RePEc, Econlit) and two quality ranking reports (Kiel Institute internals ranking and ABS quality ranking report) in a DEA setting and in order to derive the ranking of 229 economic journals. The ten economic journals with the highest citation performance are Journal of Political Economy, Econometrica, Quarterly Journal of Economics, Journal of Financial Economics, Journal of Economic Literature, American Economic Review, Review of Economic Studies, Journal of Econometrics, Journal of Finance, Brookings Papers on Economic Activity.Ranking journals; Data Envelopment Analysis; Indexing techniques; Nonparametric analysis.

Electricity Generation and Economic Efficiency: Panel Data Evidence from World and East Asian Countries

This paper investigates the effect of electricity generation on countries' economic efficiency. By using a sample of 42 World and East Asian countries for the time period 1996-2006 the paper employs Data Envelopment Analysis (DEA) window analysis and econometric panel techniques. The results reveal that there is an inverted U-shape relationship between electricity generation and countries' economic efficiency. Finally, the turning point for the European countries is much smaller compared to the one of East Asian countries indicating that the European countries shift in energy use from electricity to other sources of energy. In addition the electricity generation-economic efficiency relationship depends also on the structure of the economy.Electricity generation, economic growth, generalized least squares, DEA window analysis,

Behavioural and fundamental explanations of discounts on closed end funds: an empirical analysis

This study extracts two factors related to the variability of Premium/Discount: a behavioural and a fundamental. Evidence is provided to show that by using both factors one can achieve a better understanding of discounts as theories and the Closed End Funds Puzzle support it.

International Competitiveness in the ICT Industry: Evaluating the Performance of the Top 50 Companies

Given the importance of global competition in the information and communication technology (ICT) industry and its contribution to national economies, this paper examines the competitive structure of the global ICT market. By examining the effect of global strategies of the top 50 ICT multinationals, benchmarks, performances and key characteristics of multinational strategic behaviour in the ICT industry is established. The results indicate that there is higher rivalry among the competitors in communication and electronics/equipment segments. Additionally, the most efficient global strategies are adopted from the US and Japanese multinationals imposing a “policy gap” on corporate governance between US, Japan and the European countries.International competitiveness, ICT, market structure, multinational corporations, DEA,

Exploring the existence of Kuznets curve in countries' environmental efficiency using DEA window analysis

This paper, using data envelopment (DEA) window analysis and generalized method of moments (GMM) estimators, examines the existence of a Kuznets type relationship between countries' environmental efficiency and national income. Specifically, it measures the environmental efficiency of 17 OECD countries by constructing environmental efficiency ratios for the time period 1980-2002. The analysis with the application of dynamic panel data reveals that there isn't a Kuznets type relationship between environmental efficiency and income. Allowing for dynamic effects we find that the adjustment to the target ratio is instantaneous. We also find that increased economic activity does not always ensure environmental protection and thus the path of growth is important in addition to the growth itself.Environmental efficiency ratios DEA window analysis EKC Panel data

Modelling Regional Welfare Efficiency Applying Conditional Full Frontiers

This paper demonstrates an evaluation of welfare policies and regional allocation of public investment using the recent developments in efficiency analysis and statistical inference. Specifically, the efficiency of the welfare policies oldie Greek prefectures for the census years of 1980, 1990 and 2000 are compared and analyzed. The paper, using bootstrap techniques on unconditional and conditional full frontier applications, indicates that there are major welfare inefficiencies among the prefectures over the three census years. The analysis reveals that the increase of population density over the years has a negative impact on the welfare efficiency levels of the Greek prefectures

Measuring economic journals' citation efficiency: a data envelopment analysis approach

This paper by using data envelopment analysis (DEA) and statistical inference evaluates the citation performance of 229 economic journals. The paper categorizes the journals into four main categories (A-D) based on their efficiency levels. The results are then compared to the 27 "core economic journals'' as introduced by Diamond (Curr Contents 21(1):4-11, 1989). The results reveal that after more than 20 years Diamonds' list of "core economic journals'' is still valid. Finally, for the first time the paper uses data from four well-known databases (SSCI, Scopus, RePEc, Econlit) and two quality ranking reports (Kiel Institute internals ranking and ABS quality ranking report) in a DEA setting and in order to derive the ranking of 229 economic journals. The ten economic journals with the highest citation performance are Journal of Political Economy, Econometrica, Quarterly Journal of Economics, Journal of Financial Economics, Journal of Economic Literature, American Economic Review, Review of Economic Studies, Journal of Econometrics, Journal of Finance, Brookings Papers on Economic Activity