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Topic · Economics and Econometrics

Economic theories and models

Economic theories and models is a research topic within Economics and Econometrics. Science Explorer counts 54k research works in it since 1950. 10.0% of them reached the world's top 10% most cited for their field and year.

This cluster of papers explores the existence, dynamics, and implications of monetary equilibrium models, including topics such as asset pricing, liquidity, competitive economy, bubbles, search equilibrium, indeterminacy, credit constraints, and their impact on financial stability and economic growth.

  • Monetary Equilibrium
  • Asset Pricing
  • Liquidity
  • Competitive Economy
  • Bubbles
  • Search Equilibrium
  • Indeterminacy
  • Credit Constraints
  • Financial Stability
  • Economic Growth
Research works
54k
fractional, since 1950
In the world top 10%
5.4k
per year above
Top-10% rate
10.0%
share of its works in the world top 10%
Growth, 2018-21 → 2022-25
-19%
the tick is no change
Largest producer
United States
35% of the 10 largest, 2022-now
Economic theories and models

Which countries lead Economic theories and models research?

By volume, the United States and China publish the most (1.2k and 531 works in 2022-now).

By volume, 2022-now

  1. 1 United States 1.2k works
  2. 2 China 531 works
  3. 3 United Kingdom 332 works
  4. 4 Italy 293 works
  5. 5 Germany 249 works
  6. 6 France 234 works
  7. 7 Japan 188 works
  8. 8 Russia 147 works
  9. 9 Canada 144 works
  10. 10 India 135 works

How concentrated that is

The same countries as shares of everything the list above accounts for. A node where two countries do two thirds of the work and one spread evenly across twelve read alike as a ranking and not at all alike here.

United States: 35.2%China: 15.3%United Kingdom: 9.5%Italy: 8.4%6 others listed: 31.6%35%largest
United States1,224 · 35.2%China531 · 15.3%United Kingdom332 · 9.5%Italy293 · 8.4%6 others listed1,097 · 31.6%

Shares of the rows listed above, not of the whole node.

Which institutions lead Economic theories and models research?

By volume in 2022-now, Centre National de la Recherche Scientifique publishes the most Economic theories and models research, followed by Russian Academy of Sciences and New York University.

By volume, 2022-now

  1. 1 Centre National de la Recherche ScientifiqueFrance 74 works
  2. 2 Russian Academy of SciencesRussia 36 works
  3. 3 New York UniversityUnited States 31 works
  4. 4 National Bureau of Economic ResearchUnited States 30 works
  5. 5 Columbia UniversityUnited States 27 works
  6. 6 Sapienza University of RomeItaly 27 works
  7. 7 University of ChicagoUnited States 26 works
  8. 8 London School of Economics and Political ScienceUnited Kingdom 24 works
  9. 9 Federal Reserve Board of GovernorsUnited States 23 works
  10. 10 Stanford UniversityUnited States 22 works

Who are the leading researchers in Economic theories and models?

The most-cited researchers publishing on Economic theories and models include Daniel J. Kahneman, Amos Tversky and Gordon Brent Mills.

  1. 1 Daniel J. Kahneman United States 395k citations
  2. 2 Amos Tversky United States 327k citations
  3. 3 Gordon Brent Mills United States 265k citations
  4. 4 Eugene F. Fama United States 262k citations
  5. 5 Andrei Shleifer United States 234k citations
  6. 6 Michael C. Jensen United States 203k citations
  7. 7 Harry Eugene Stanley United States 198k citations
  8. 8 Bruce Leonard Miller United States 196k citations
  9. 9 R. W. L. Jones United Kingdom 189k citations
  10. 10 Michael I. Jordan United States 182k citations

Ranked by citations received across their whole record, among researchers with at least three works on this topic.

What are the most cited papers in Economic theories and models?

The most cited paper in Economic theories and models is "Theory of the firm: Managerial behavior, agency costs and ownership structure" (Michael C. Jensen, William H. Meckling, 1976), with 72,158 citations. Next come "An Evolutionary Theory of Economic Change." (21,667) and "Bounds testing approaches to the analysis of level relationships" (20,229).

Most cited papers
#PaperReleasedCitations
1 Theory of the firm: Managerial behavior, agency costs and ownership structure Michael C. Jensen, William H. Meckling · Journal of Financial Economics Oct 1976 72,158
2 An Evolutionary Theory of Economic Change. Brian J. Loasby, Richard R. Nelson, Sidney G. Winter · The Economic Journal Sep 1983 21,667
3 Bounds testing approaches to the analysis of level relationships M. Hashem Pesaran, Yongcheol Shin, Richard J. Smith · Journal of Applied Econometrics May 2001 20,229
4 CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* William F. Sharpe · The Journal of Finance Sep 1964 17,476
5 Job Market Signaling Michael J. Spence · The Quarterly Journal of Economics Aug 1973 16,197
All 98 most cited papers, with filters and sorting

Where is Economic theories and models research done?

The largest centres of Economic theories and models research in 2022-now are London (United Kingdom), Beijing (China), Washington D.C. (United States) and New York (United States). Among places with at least 20 works in it, it is an unusually large share of all research in Frankfurt am Main.

Largest cities, 2022-now

  1. 1 LondonUnited Kingdom 125 works
  2. 2 BeijingChina 107 works
  3. 3 Washington D.C.United States 97 works
  4. 4 New YorkUnited States 97 works
  5. 5 ParisFrance 94 works
  6. 6 MoscowRussia 82 works
  7. 7 TokyoJapan 76 works
  8. 8 RomeItaly 71 works
  9. 9 ShanghaiChina 57 works
  10. 10 CambridgeUnited States 48 works

Where it is the local speciality

  1. Frankfurt am MainDE · 34.8 works8.7×
← less than its size predicts1×more →

Location quotient: how much more of its research is in Economic theories and models than the world average.

See Economic theories and models on the map

Where is the best place to study Economic theories and models?

Among universities, judged by research, University of Chicago, Columbia University and London School of Economics and Political Science score highest, combining excellence, specialisation, size, growth and international reach. Research strength is one signal when choosing where to study; it does not measure teaching.

0%20%40%mean 21.77%fractional works in this field (log) →share of work in the world top 10% →Columbia UniversityUniversity of ChicagoStanford UniversityLondon School of Eco…
above the meannear itbelow it

One dot per university in the first ten of the table below, at the default weights. The upper left is the interesting corner: small places doing unusually strong work.

Excellenceshare of its work in the world top 10%, 2022-now and all time averaged
40%
Specialisationhow much of its work is in this field, counted up to 10× the world share
10%
Sizeits output in this field, on a log scale
30%
Growthoutput growth, counted from -20% to +20%
10%
Internationalshare of its work with a co-author abroad
10%
Each slider sets a weight; the share it gets of the score is beside it.
#UniversityScoreTop 10%SpecialisationWorksGrowth
1University of ChicagoUnited States 72.224.4%7.2×26 -21.7%
2Columbia UniversityUnited States 71.027.7%5.8×27 -20.3%
3London School of Economics and Political ScienceUnited Kingdom 65.017.4%23.5×24 -14.0%
4Stanford UniversityUnited States 64.822.5%3.4×22 -13.8%
5New York UniversityUnited States 64.112.1%6.4×31 -20.3%
6Yale UniversityUnited States 62.918.6%4.2×20 +27.9%
7Princeton UniversityUnited States 61.726.4%7.0×13 -29.0%
8University of California, BerkeleyUnited States 59.625.2%4.4×18 -31.9%
9Roma Tre UniversityItaly 58.635.6%12.6×9 -7.8%
10Sapienza University of RomeItaly 56.17.8%5.3×27 +82.8%

Universities only. The score blends excellence (40%), size (30%), specialisation (10%), growth (10%), international reach (10%), 2022-now; growth compares 2018-21 with 2022-25 and counts up to +20%, since a jump from a small base is mostly noise.

Every institution in Economic theories and models, country by country

Is Economic theories and models research growing?

Output in 2022-2025 was 19% lower than in 2018-2021, peaking in 2011.

still counting19801990200020102020
grewheldshrank

The same series as a ribbon: one cell per year, darker for more. The line above answers how much; this answers when.

Its share of all research

Growing output can still be a shrinking share: all of science grows. This is Economic theories and models as a percentage of every work published that year, 0.021% in 2024.

still counting0.050%0.10%0.15%Economic theories and models0.016% in 202519801990200020102020

Fractional works of Economic theories and models over all fractional works that year. How the balance of science has shifted.

How much of it reaches the world top 10%

Year by year.

still counting5%10%15%Economic theories and models11.0% in 2025200020102020

Of each year's works in it, the share that reached the world's 10% most cited for their field and year. A field is the world for its own topics, so there is no other line to hold it against.

Which topics inside it are moving

Growth and decline on one axis around a shared zero. Two lists side by side hide the thing that matters: whether the growth dwarfs the decline, or the other way round.

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