Six Dimensions of Concentration in Economics: Evidence from a Large-Scale Data Set

Florentin Glötzl, Ernest Aigner

Publication: Scientific journalJournal articlepeer-review

Abstract

This paper argues that the economics discipline is highly concentrated, which may inhibit scientific innovation and change in the future. The argument is based on an empirical investigation of six dimensions of concentration in economics between 1956 and 2016 using a large-scale data set. The results show that North America accounts for nearly half of all articles and three quarters of all citations. Twenty institutions reap a share of 42 percent of citations, five journals a share of 28.5 percent, and 100 authors a share of 15.5 percent. A total of 2.8 percent of citations may be attributed to heterodox schools of thought. Also top articles are concentrated along these dimensions. Overall, concentration has strongly increased over the last six decades.
Original languageEnglish
Pages (from-to)381 - 410
JournalScience in Context
Volume32
Issue number4
DOIs
Publication statusPublished - 2019

Austrian Classification of Fields of Science and Technology (ÖFOS)

  • 502027 Political economy
  • 502046 Economic policy
  • 502047 Economic theory
  • 502018 Macroeconomics
  • 603124 Theory of science

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