The Editors and Authors of Economics Journals: a Case of Institutional Oligopoly?

This paper examines data on the institutional backgrounds of editors and authors of the top 30 economics journals, identified by their 1995 citation impact. It is revealed, for example, that 70.8% of the journal editors were located in the United States, and twelve U.S. universities accounted for the location of more than 38.9%. Concerning journal article authors, 65.7% were located in U.S. institutions and twelve U.S. universities accounted for 21.8%. Arguably, the degree of institutional and geographical concentration of editors and authors may be unhealthy for innovative research in economics.     

Representation and Educational Background of European Economists in Top Journals of Economics

We assess the contribution of European authors to 10 topjournals of economics from 1980 to 1998. Despite efforts on the European Union and national levels topromote academic excellence, European authors still play a minor role in top journals. Examining the development overtime we find little evidence for an increasing share of European contributions. Particular attention has been paidto the educational background of European authors. There is still a segmentation of academic education alonglanguage barriers in continental Europe. However, a considerable proportion of European authors has received a PhD from the US.     

The Geography and Concentration of Authorship in the Top Five: Implications For European Economics

We study to what degree authors who publish in the five most prestigious journals in economics have previously published there and in which world region they are based. Although still high, the concentration of United States‐based and previously published top‐five authors has decreased. This trend is driven by increased co‐authorship between USA and non‐USA scholars and between scholars with and without previous top‐five articles. Only around 5% of all articles each year are written solely by first‐time authors from outside the United States, and this share has not increased since the mid‐1990s. Against this background, we argue that European institutions should be wary of putting too much emphasis on publishing in these five journals. Both the advancement and diversity of the economics discipline may otherwise suffer.     

Rankings of Economics Faculties and Representation on Editorial Boards of Top Journals

Two lists of economics departments are developed on the basis of editorial board representation on economics journals. Editorial board representation is shown to have a positive correlation with other previously published rankings of economics departments.     

近二十年我国上市公司并购特征研究

利用马尔科夫区制转移模型,采用1995~2015年我国资本市场并购活动交易数量的月度数据,检验上市公司过去约20年间总体并购状态存在浪潮的假设。实证结果证明,并购状态可划分为并购活动低区制与并购活动高区制,而且并购活动在不同区制状态下均能体现出显著的持续性特征。说明我国上市公司存在并购浪潮,其浪潮始于2001年9月,并一直延续至2015年12月。进一步分析发现,并购活动低区制与并购活动高区制之间的并购特征存在差异。     

The Institutional Economics of Karl Polanyi

Economists tend to see the market as a default option for social order and a role for government only when markets fail. Developing a convincing analysis of the role of government in economic processes, however, needs to start by considering government failure in its own terms. Drawing on insights from institutional economics, law and economics and the philosophy of law, emphasizing the necessity of rules for the economy, this paper develops the concept of government failure. The paper identifies and develops four different types of government failure. Government can set rules for economic processes and actors that are (1) too specific, (2) too broad, (3) that are arbitrary, or (4) that conflict with other rules it has set out to address other, related issues (possibly primarily non-economic). Government failure is illustrated in the context of Intellectual Property Right (IPR) law as it relates to Anti-Trust law.     

Economic Power and the Firm in New Institutional Economics: Two Conflicting Problems

The objective of this study has been to undertake an analysis of the economic and institutional determining factors of fiscal pressure in a group of European countries with different levels of economic development, recent history, or level of cooperation and integration among them. We have used a panel of data from 40 countries and a time period of eleven years. Apart from the variables generally used, we have introduced additional ones such as governing party ideology, rate of economic freedom of Euro-area countries, together with another set of institutional variables. Results obtained show that the purely economic model improves when institutional and geopolitical variables are included and, in this way, it is possible to see which countries governed by the left, belonging to the Euro-area or having been members of the Soviet block, and with economic freedom, are more liable to increase fiscal pressure.     

两种制度经济学范式中的意识形态理论:分歧与根源

作为制度经济学的两种范式,新制度经济学和马克思经济学的意识形态理论在意识形态的本质和功能、意识形态的根源与变迁、意识形态与制度变迁的关系等方面存在着明显的分歧.整体来看,马克思的分析框架迄今仍是最有说服力的.这些分歧的根源是方法论:新制度经济学的方法论是制度个体主义和建构理性主义,马克思的制度经济学的方法论是制度整体主义与制度个体主义的统一、演进理性主义与建构理性主义的统一.     

Australian Art Market Prices During the Global Financial Crisis and Two Earlier Decades

This study constructs a quarterly hedonic price index using 64,203 artworks, by seventy‐one well‐known modern and contemporary Australian artists, sold at auction houses over the period 1986–2009. The hedonic regression model includes characteristics such as name and living status of the artist, the size and medium of the painting, and the auction house, quarter and year in which the painting was sold. The resulting index indicates that returns on Australian fine‐art averaged one per cent in nominal terms over the period from quarter 1 1986 to quarter 4 2009 with a standard deviation of seventeen per cent. During the global financial crisis spanning quarter 1 2008 and quarter 4 2009, the average art returns declined in nominal terms by close to six per cent with a standard deviation of twenty‐one per cent. This study also shows that over the entire period the art market only marginally underperformed the stock and housing markets. The low correlations between these markets suggest the benefits of portfolio diversification.     

新制度主义经济学与城市经营

近年来“经营城市”运作模式在我国取得一定成效的同时,也出现了一些偏差或负面效应。本文以新制度主义经济学为出发点,分析城市的本质是一种制度,因此,提出用“经营-管治”一体化制度安排来确保“经营城市”的健康发展。     

The Nature of China's Economic Growth in the Past Two Decades

The Chinese economy has grown at record rates since the start of the market-oriented reforms in 1978. Motivated by the Asian productivity debate, this article provides an assessment of the role of total factor productivity in China's economic growth in the past two decades. We identify four main factors in the productivity growth: efficiency gain at the micro level; improvement in resource allocation; diffusion of technology through foreign direct investment; and improvement in infrastructure. We also argue that further state-owned enterprise and banking reforms, an emerging entrepreneurial class and greater research and development efforts are additional driving forces for the medium to long-term total factor productivity growth in China.     

制度变迁理论的比较与综合--新制度经济学与马克思主义经济学的视角

从经济人和社会人的基本假设、方法论和制度变迁动力与方式异同的角度,对新制度经济学和马克思主义经济学的制度变迁理论进行比较分析和综合,得出以下结论:可以坚持经济人基本假设,将经济理性看作是个人学习与外部环境的互动来考察,将文化、伦理、社会性等作为结构和环境等制约因素,引入到对经济人的分析中;诺斯和马克思理论中的制度变迁动力说,都表达了对学习和知识存量的重视;两种制度变迁动力说,各有其适应的层次和范围;自然禀赋等非制度因素对制度变迁的影响不可忽视。     

The Methodological Basis of Institutional Economics: Comment

This article highlights Simon Patten's contributions to the institutionalist method and view of abundance. It illustrates Patten's role in the cross-fertilization between early institutionalists and the German Historicists. Patten's views on the societal transition to abundance, the method of social inquiry, and the role of social scientists are re-examined in light of the current exigencies of a climate-constrained, post-industrial economy. The policy implications that emerge from Patten's rejection of the presumption of scarcity are examined in a contemporary context. The article suggests that the historical and evolutionary approach that Patten fostered among institutionalists is essential to the identification and implementation of the socio-economic reform requisite of an age of abundance.     

新制度经济学的现状及其发展趋势

新制度经济学由旧制度经济学发展而来,早期旧制度经济学就是经济历史,忽视了产权和交易费用.新制度经济学主要新在产权和交易费用上,科斯、阿尔钦、德姆塞茨、施蒂格勒和张五常对其有重要贡献.中国的经济改革符合新制度经济学规律,中国应该感谢这些人.但是由<交易费用、风险规避与合约安排的选择>一文提出的风险和懈责问题及其而诱致的风险度量、投机及博弈理论等则对新制度经济学的发展产生了一些不良影响.坚持观察与验证假设是张五常和目前的新制度经济学分歧之所在,新制度经济学应该朝着合约的方向发展,这一点也为科斯所认可.     

新时代中国高质量发展的制度创新研究——第一届中国制度经济学论坛综述

<正>经过长期努力,中国特色社会主义进入新时代,经济由高速增长阶段转向高质量发展阶段。在新形势下,如何推动中国经济体制改革进一步深入?如何推动制度的有效供给与创新?如何将国内外最新研究成果应用于中国改革开放实践中?这些问题对制度经济学相关研究领域的学者们提出了新的要求。基于这一背景,山东大学经济研究院、北京大学国家发展研究院、浙江大学经济学院与《经济研究》编辑部共同发起了"中国制度经济学论坛",并于2018年11月10—11日在山东大学召开了