nep-sog New Economics Papers
on Sociology of Economics
Issue of 2019‒05‒06
two papers chosen by
Jonas Holmström
Axventure AB

  1. Convergence or divergence in finance journal ranking? By Eleftheriou, Konstantinos; Polemis, Michael
  2. Divided we stand? Professional consensus and political conflict in academic economics By Karl Beyer; Stephan Puehringer

  1. By: Eleftheriou, Konstantinos; Polemis, Michael
    Abstract: In this paper, we apply the Phillips and Sul (2007; 2009) methodology to investigate the convergence pattern of finance journals across thirteen established academic journal lists. The results reveal that the majority of sample journals do converge across the academic lists. The estimated transition paths confirm the empirical analysis, revealing a “focal” point for the research institutions to minimize the discrepancies appeared by the journal lists proliferation.
    Keywords: Convergence; Finance journals; Club clustering; Transition paths
    JEL: A11 A2 C23 I22
    Date: 2019–04–26
  2. By: Karl Beyer (Institute for Comprehensive Analysis of the Economy, Johannes Kepler University Linz, Austria); Stephan Puehringer (Institute for Comprehensive Analysis of the Economy, Johannes Kepler University Linz, Austria)
    Abstract: In this paper we address the issue of the role of ideology and political preferences of publically engaged economists and contribute to the debate on consensus in economics. To do so, we conduct a social network analysis on the signatories of economist petitions, which we identify as one channel for economists to exert public influence. We base our analysis on a sample of 77 public policy petitions and presidential anti-/endorsement letters from 2008-2017 in the United States with more than 6,400 signatories and check the robustness of our results with six sub-networks. Our contribution is twofold: On the one hand we provide an extended empirical basis for the debate on consensus in economics and the role of politics and ideology in economics. On the other hand we provide a viable tool to trace the ideological leaning of (prospective) economist petitions and economists based on the social structure of petition networks.
    Date: 2019–04

This nep-sog issue is ©2019 by Jonas Holmström. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.