Rankings of Economics Journals and Departments in India

This paper is the first attempt to rank economics departments of Indian Institutions based on their research output. Two rankings, one based on publications in international journals, and the other based on publications in domestic journals are derived. The rankings based on publications in international journals are obtained using the impact values of 159 journals found in Kalaitzidakis et al. (2003). Rankings based on publications in domestic journals are based on impact values of 20 journals. Since there are no published studies on ranking of domestic journals, we derived the rankings of domestic journals by using the iterative method suggested in Kalaitzidakis et al. (2003). The department rankings are constructed using two approaches namely, the ‘flow approach ’ and the ‘stock approach’. Under the ‘flow approach ’ the rankings are based on the total output produced by a particular department over a period of time while under the ‘stock approach ’ the rankings are based on the publication history of existing faculty members in an institution. From these rankings the trend of research work and the growth of the department of a university are studied. Keywords