About Tinbergen Institute
Ranking of Tinbergen Institute
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Review 2005: Review committee members (from left to right) Torsten Persson, Dale Jorgenson, Robert Merton,
David Hendry, together with TI students. |
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Combining the best in economics and finance of three Dutch leading Universities (Erasmus University Rotterdam, University of Amsterdam and VU University Amsterdam), Tinbergen Institute is usually not ranked separately from the three universities participating in it. However, if it would be ranked based on the publications of its fellows (professors), it would invariably end up near the very top of Europe and in the top-20 worldwide.
The reason that Tinbergen Institute is not ranked has to do with the fact that it does not employ its own fellows; the three economics departments employ the professors, and TI selects fellows from the professors based on their research output. However, the institute's ranking based on the output of its fellows is highly relevant to prospective students. TI's fellows organize and govern the graduate program, they teach the MPhil program's many courses, they organize and participate in the institute's research seminars and conferences, and they are all available as potential MPhil and PhD thesis advisors. Thus, the fellows form the single-most relevant academic community for TI's graduate students.
In 2003, Kalaitzidakis, Mamuneas and Stengos present a ranking of the
top 200 economics departments worldwide (
Kalaitzidakis et al.
).
This ranking is based on published research in a list of 30 top
research journals in economics. Because nearly all of the active
researchers in economics at the three universities are fellows of
TI, it is reasonable to take the published research output of the
three departments together as the TI score. It would take TI to the
first place in Europe and to rank 15 worldwide - just behind UCLA
and well ahead of Wisconsin and Brown.