A Bibliometric Research of Economic Study in World and Malaysia Perspective based on Web of Science Core Collection

Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

J. Environ. Treat. Tech.

ISSN: 2309-1185

Journal web link: http://www.jett.dormaj.com

A Bibliometric Research of Economic Study in

World and Malaysia Perspective based on Web of

Science Core Collection

*

Mohammad Farajnezhad , Suresh A/L Ramakrishnan

1

Azman Hashim International Business school (AHIBS), University Teknologi Malaysia, Kuala Lumpur, Malaysia

Received: 16/08/2019

Accepted: 17/01/2020

Published: 20/02/2020

Abstract

Bibliometric is a method that includes statistical analysis of published articles and citations. This paper presents an outline of the highly

significant detect in the Web of Science under the Economics filed. This article investigates 50 top and most cited articles in the background

and ranks the 50 top universities by the total of papers published. This research examines highly relevance journals, the provisional extension

and the countries with the highest publications. It similarly expands this analysis to the Malaysia situation investigating the top and most

cited articles, the top universities and the temporary expansion. This investigation is established only findings found on the Web of Science

with a goal of introducing a summary of the study of Economics. Some exceptions and features might be found in the results. The finding

allows for an overall image of the more important studies in economics. This data is extremely appropriate in demand to detect the top

tendencies in economic field. This study expects further expansion to this method by examining another specific case in the Economics field.

Furthermore, this study will also remark other countries such as developed and developing economics and journals in the study and expand

this method to other scientific classifications.

Keywords: Bibliometrics, Economics articles, Web of Science, Journals, Universities

1

Introduction

1

easily visible, for example, citation allocations whose factors are

the count of citations obtained with science articles published in

the circle literature. In this study, we utilize bibliometric statistics

from Web of Science databases.

The bibliometrics study has been concisely explained as ‘a

science of science’ (4) or ‘research on research’ (5), more

commonly the use of statistical techniques to documents and other

broadcasting of communication’ (6). This study is an exploration

scope that evaluates publications, citations and their resources of

statistics (7). Regularly, the bibliometric analysis are utilized to

find summarizes a study area via evaluation the top scholars (8)

or one of a journal to prepare the wide view of the outstanding in

that journal.

The study of bibliometrics has concentrated on the

quantitative evaluation of citations and citation number, which is

a complicated process. Essential for these studies is the scientific

interaction among scientists across journal publications. The main

ideas in bibliometrics are production and effect, as computed via

publications and citations. The main goal in bibliometrics is

researchers remarks, in the citations in their publications, which

represents a level of impact of others on their individual study.

For significant size quantification, citations show impact or global

perspective of researcher, which would not be explicated in other

ways such as a substitute for value. It is very helpful for the

building of a broad image in a scientific area (1).

The economic area, has attracted interest in a large variety of

areas involving (9) on zonal science ; (10) on history of economic

and (11) on gender geography. More scientists consider

geographic field of economic research, with: (12) on the

economy of Mexican; (13) on the economy of Italian; (14) Global

Economics; and on the impact of economic move on study,

economics (8, 15) econometrics (16).

Additional recently published articles such as conducted an

interaction between 277 economics journals through dissimilarity

databases. The result approved the realized top five journals in the

The bibliometric analysis has become a favourite among

researchers and is extensively utilized by vital implications for

searching. Journal rankings have attracted increased attention,

perspective, and importance lately. The publications by

researchers in top-ranked journal have a top possibility of

obtaining occupancy, study grant (2).The total of journal levels

has risen in current years, because of accessibility to information,

extended contest in the knowledge society as well as the

requirement for permanent examination assessment (3).This

article is aimed at various phases of research efficiency that are

Corresponding author: Mohammad Farajnezhad, Azman Hashim International Business school (AHIBS), University Teknologi Malaysia,

Kuala Lumpur, Malaysia. E-mail: taban1010@gmail.com; fmohammad5@live.utm.my.

5

21

Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

economics subject and the meta– positioning is powerful

2018, the number of cited references exceeded 1311842856. For

example, as of July 2018, more than 11358 universities have been

registered and unified in the Web of Science Core Collection.

The aim of this study is to prepare an outline the top

significant assessments in economics. This record allows to

distinguish the investigations that have been more important

internationally according to citation count. This study provides an

overall overview of the significant investigation completed in

Economics by examining the 50 top cited articles record of the

Web of Science, the 50 top cited universities, the 50 top countries

cited, and the 50 top cited journals. Also, in this study expand an

equivalent analysis for the Malaysia country by evaluating the top

cited articles and the top cited universities. In this study will

realize that highly of the findings are those that we can directly

visualize as they showed usually identified as the extremely

related ones. But it will be extremely helpful for providing this

study a whole view of the main study completed in this field.

There are some reasons counting the attendance of additional

investigators in a part than would be gives extra articles and

citations not involved in the record. The literature on examination

assessment and scholarly classification has increased recently.

The information that is commonly utilized depends on the total of

articles published in global refereed journals and their consistent

citations and has become known as the key of systematic study in

economics (33).

concerning the involved rankings. Another article is

a

bibliometric investigation on ability subject in the economics,

business, and management from 1991 to 2015 by (17), with the

findings indicating a descriptive increase in the total of

publications on active abilities.

A research by (18) indicated that the agricultural economics

study in China has increased growth and cooperation among

Chinese researchers and other regions. Another study (19) found

that the most productive economists have a Ph.D. in the USA.

The relationship in terms of the countries is related to an increase

in Belgium and Denmark and declines in the Greece and Portugal.

The result of study by (20)has indicated evolutionary economics’

has from the increase of business colleges. According to, the

journal is a reference to globalization and perspective in

economics, assumed the robust attendance of foreign

publications. The study by (21) indicated that

global

competitiveness has significance and is common in economics. A

study conducted by (22) indicated that 77 percentage of the

alumnus researchers at top courses announced that greatest

theoretical social sciences is economics. However, no research

has investigated the exact area of economics (international and

specifically in the local area such as Malaysia) with updated new

vision.

Bibliometric statistics have been utilized in economics, and

basically for descriptive data by appraising aims, for example,

rankings of journals and sum of cited authors (15, 23-27). While

some papers apply bibliometric information from economics, it is

not clear in the valuation of aims, and composition of researchers

and techniques applied in papers are found in only a little total of

highest journals. For instance, (28), on categorizing the features

of the top cited papers (29) or on verifying the evaluation of sum

of articles in a particular study field (e.g., (30, 31).

This study will expand the immense literature that examined

the scientist output of economists and citations. Remarkable study

has shown different features in publications with a concentration

on the large journal literature of economics. Also, this study

follows the (32) paper with new vision and updated data to 2019.

However, while propagation of papers shows examinations of

different parts of the economics literature, there is not an accurate

study especially concentrated on quickly increasing economics

area, a gap which this study aims to fill. This research is aimed

describe which is the most systematic review method.

Therefore, this research utilizes the Web of Science Core

Collection as the database for finding data. Web of Science Core

Collection is the most reliable citation index for knowledge and

scholarly study. The Web of Science is a record and owned by

Clarivate Analytics. In July 2018, there were 20,396 journals fully

indexed in the Web of Science Core Collection, covering 252

subject categories that span the social sciences, health sciences,

life sciences, physical sciences, arts, and humanities. In June

2

Top articles in the Web of Science into Economics

field

Therefore, another investigation that examines these finding from

all fields of the economic area will be useful. The motivation of

this study is that show an overall individualistically upon the

detailed subject that it achieves from. Currently. As 25-01-2019,

this study found 274095 articles in the categories of economics

on the Web of Science. It is significant that of the 274095 articles,

2

00096 articles emphasized papers whereas the book reviews

(21810), proceedings paper (35951), book chapter (18070). As

shown in In Table 1, this study indicates the top 50 articles

published with the top count of citations in economics field in the

web of science.

According to table 1, the traditional citation of (34) was

published in 1976 and the article is most cited article (16333) with

impact factor 5.162 in economics. Seconds article is (35) with

6

283 cited with impact factor 7.863 and the third article is (36)

with 6204 cited articles with impact factor 5.162. Others

significant researchers shown in the table won the Nobel Prize

including Akerlof, Lucas Holmstrom, and Fama. Clearly, the

remaining top 50 articles are traditional famous articles with the

scientific community. It is significant that Quarterly journal of

economics is the journal by the largest count of articles in this list.

5

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Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

Table 1: Top 50 articles with highest number of citations in the Web of Science in Economics

R

1

2

3

4

5

Authors

Jensen and Meckling (34)

Akerlof (37)

Fama and French (36)

Lucas Jr (38)

Journal

JFE

QJE

JFE

JME

JLE

IF

IF-5

7.513

12.18

7.513

3.139

1.774

TC

16333

6283

6204

5794

5101

Title

QC

Q1

Q3

5.162

7.863

5.162

2.157

1.032

Theory of firm managerial behaviour, agency costs and ownership structure

Market for lemon-quality uncertainty and market mechanism

Common risk-factors in the returns on shock and bonds

On the mechanics of economic development

Separation of ownership and control

Fama and Jensen (39)

Corporate financing and investment decision when firm have information that

investors do not have

Maximum-likelihood-estimation and inference on cointegration with

application to demand for money

6

7

Myers and Majluf (40)

JFE

5.162

1.512

7.513

2

4520

4140

Q1

Q2

Johansen and Juselius (41)

OBEAS

8

9

Merton (42)

Fehr and Schmidt (43)

Barro (44)

Spence (45)

Stigler (46)

Mankiw, Romer (47)

Myers (48)

Williamson (49)

Fischbacher (50)

BJE

QJE

BJEAMS

QJE

JFE

JLE

EXE

n/a

3589

3441

3369

3354

3347

3308

3236

2943

2928

Theory of rational option pricing

n/a

Q1

n/a

Q1

Q3

Q1

7.863

n/a

7.863

5.162

1.032

2.267

12.18

n/a

12.18

7.513

1.774

2.413

A theory of fairness, competition, and cooperation

Economic growth in a cross-section of countries

Job market signalling

Theory of economics regulation

A contribution to the empirics of economic growth

Determinants of corporate borrowing

Transaction-cost economic- governance of contractual relations

Z-Tree: Zurich toolbox for ready-made economic experiments

Geographic localization of knowledge spill overs as evidenced by patent

citations

1

0

1

2

3

4

5

6

1

7

Jaffe, Trajtenberg (51)

QJE

7.863

12.18

2696

Q1

1

2

8

9

0

1

2

3

Holmstrom (52)

Bertrand, Duflo (53)

Mauro (54)

Hall and Jones (55)

David (56)

BJE

QJE

AER

JFE

n/a

2678

2568

2357

2343

2317

2276

Moral hazard and observability

How much should we trust differences-in-differences estimates?

Corruptions and growth

Why do some countries produce so much more output per worker that others?

Clio and the economics of qwerty

Management ownership and market valuation-an empirical analysis

Vertical integration, appropriable rents, and the competitive contracting

process

n/a

Q1

7.863

4.528

5.162

12.18

6.498

7.513

Morck, Shleifer (57)

2

4

Klein, Crawford (58)

JLE

1.032

1.774

2273

Q2

2

3

5

6

7

8

9

0

Calvo (59)

JME

QJE

JHE

2.157

7.683

3.25

3.139

12.18

3.842

2

2228

2192

2110

2092

2059

2050

Staggered prices in a utility-maximizing framework

Corporate governance and equity prices

Q1

Q2

Gompers, Ishii (60)

Knack and Keefer (61)

Tversky and Kahneman (62)

DiMasi, Hansen (63)

Maddala and Wu (64)

Does social capital have an economic payoff? A cross-country investigation

Loss aversion in riskless choice-a references dependent model

The price of innovation: new estimates of drug development costs

A comparative study of unit root tests with panel data and a new simple test

Trends and random-walks in macroeconomic time series-some evidence and

implications

Update on the environmental and economic costs associated with alien-

invasive species in US

A theory of fads, fashion, custom, and cultural-change as informational

cascades

OBEAS

1.512

3

1

2

3

Nelson and Plosser (65)

Pimentel, Zuniga (66)

JME

ECE

JPE

2.157

3.895

5.247

3.139

4.803

6.209

2049

2043

2014

Q1

Bikhchandani, Hirshleifer (67)

3

4

5

6

7

8

9

0

1

2

3

4

5

6

La Porta, Lopez-de-Silanes (68)

Ai and Norton (69)

Peltzman (70)

Cox, Ross (71)

Vasicek (72)

Yermack (73)

Brown and Warner (74)

Merton (75)

JLEO

EL

0.948

0.581

1.032

5.162

4.528

7.683

2.157

2.532

3.147

2.118

0.902

1.774

7.513

7.153

6.498

12.18

3.139

3.25

1988

1970

1922

1916

1872

1858

1839

1813

1811

1810

1802

The quality of government

Interaction terms in logit and probit models

Toward a more general theory of regulation

Option pricing-simplified approach

Equilibrium characterization of term structure

Higher market valuation of companies with a small board of directors

Using daily stock returns-the case of event studies

Option pricing when underlying stock returns are discontinuous

Incorporating fairness into game theory and economics

Finance and growth-Schumpeter might be right

The equity premium- a Puzzle

Q3

Q4

Q3

Q1

JFE

AER

QJE

JME

RIPE

RS

Rabin (76)

King and Levine (77)

Mehra and Prescott (78)

Gereffi, Humphrey (79)

Boschma (80)

The governance of global value chains

3.504

Proximity and innovation: A critical assessment

Multtask principle agent analysis-incentive contracts, assets ownership, and

job design

4

7

Holmstrom and Milgrom (81)

JLEO

0.948

2.118

1790

Q1

4

5

8

9

0

Fama and French (82)

Banerjee (83)

Becker (84)

QJE

5.162

7.683

7.513

12.18

1766

1752

1733

Industry costs of equity

A simple model of herd behaviour

A Theory of competition among pressure group for political influence

Q1

Abbreviations: R= Rank; J= Journal P=Year Published; IF= Impact Factor 2017; IF 5= Impact Factor 5 year; TC= Times Cited; Eco= Econometrica ;QC =Quartile in Category; JFE

Journal of Financial Economics; QJE Quarterly Journal of Economics; JME= Journal of Monetary Economics; JLE=Journal of Law and Economics OBEAS=Oxford Bulletin of

=

Economics and Statistic; BJE= Bell Journal of Economics; BJEAMS= Bell Journal of Economics and Management Science; EXE= Experimental Economics; JHE= Journal Health

Economics; ECE= Ecological Economics; JPE= Journal of Political Economy; JLEO=Journal of Law Economics & Organization ; EL= Economics Letter; AE American Economic Review;

RIPE= Review of International Political Economy; RS= Regional Studies

5

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Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

Regarding impact factor, the first and highest impact factor

journal is Quarterly Journal of Economics with impact factor

Journal of Economics and Journal of Political economy.

The journal of American economics review has published the

highest total citations with 48091 articles and with impact factor

4.528 and article influence score 8.728. However, based on

impact factor, the highest journal is Quarterly Journal of

Economics is ranked highest with 7.863. Also, according to of

influence score, the Quarterly Journal of economics with 20.155.

The paper impact score describes the average effect of a journal's

papers upon the first of five years after issue. The remining of

economic journals are significant and have great ranking, for

example Journal of political Economy, The Journal of

Econometric, Review of Economics and Statistic, Ecological

Economics, Energy Economics, Economics Journal, the Journal

of Monetary Economics, Journal Of economics Theory, The

purpose of this ranking is to prepare an overall view concentrating

on highest citation articles.

(

7.863) and second is Journal of Political Economy with impact

factor (5.247) and third is Journal of Financial Economics with

5.162). It should be noted that there are many other significant

(

articles that are not involved in this table. Because this study only

presents the top 50 articles which are the highest citation

according to Web of Science database. Another issue that is

exciting to investigate is the increase in the total of articles have

been issued annually in the Web of Science database. The finding

showed in Figure 1.

1

4000

2000

0000

According to Eigen Factor Score; the highest ranked journal

is American Economics with 0.137 and the other tops 3 are

Energy Policy (0.047), Econometrica (0.052), and Quarterly

Journal of Economics (0.056). The Eigen factor score, and paper

impact score use citation data to calculate and way the impact of

a journal relation to other journals. According to publication

frequency is the Journal of Applied Economics with 36 issue per

year is the highest ranked publisher. A significant matter is the

impact factor. Recently, the technique has been used for

computing a journal rate. It explains the total number of citations

achieved in the last binary years split with the total sum of issues

of the present year. The alternative technique is a 5-year impact

factor that indicates the total number of citations of the last 5-year.

This is because of the decrease in the effect of citation utilization

and self-citations. According to table 2, the first and highest rank

in 5-year impact factor is the Quarterly Journal of Economics with

12.18. The second position of the table is the Journal of

Economics Perspectives with 9.027 and third rank is Journal of

Economics Literature with 8.991.

8

6

4

2

000

0

Year

Figure 1: Total of papers by year

Figure 1 indicates the total of articles issued yearly in the Web

of Science database from 1970 to 2019. According to Figure 1, a

growing tendency that has been demonstrated arising over the last

0 years. The reason has some issue for this relating the growth

in the number of journals, universities, and scientists.

5

3

Top journals in international perspective in

economics area

4

Ranking of the 50 top significant universities in

In this section, the bibliometric study has been developed in

the journals commonly considered to be the top journals in the

economics area on a worldwide basis. Note that this study has

made a subjective selections impact metric such as a total of

citations, publication frequency, impact factor, and 5 impact

factors. Next, another issue is based on the influence metric such

as Eigen factor score, and article influence score. However, it is

significant considering that there is an additional list of journals

based on the total citation. The objective of this investigation is to

prepares an overview of total citations and top 50 journals in

economics area. The finding has been shown in table 2. On 25

January 2019, data was collected from Incite journal citation

report of the Web of Science. This study focused on browse by

category (economics). In the economic category 353 journals

were listed on the Web of Science. Also, the total cites are

world

Another exciting subject while creating a bibliometric study

is to examine top universities in a particular area of study. So, this

study examines the 50 top international universities with total

publication in the Web of Science. This study attention the

articles issued on the Web of Science from 1970 to the 2019 then

the overall H-index of the universities. There are some variables

are contained such as the Sum of Time Cited; Without Self

Citations; Total Articles; H index; and Average Citations Per

Item. The total number of publications in economics on the Web

of Science 199883 since 1970 to 2019. The finding has been

shown in Table 3.

Table 3 has shown the top 50 universities in economics

research from 1970 to 2019 based on Web of Science. AS shown,

first and the highest institute is from the USA. Obviously, most

universities are from USA with exception of nine universities

counting University of London, London School Economic

Political Science, Centre National de la Recherche Scientifique

cnre, Lza Institute Labor economics, Centre for economic Policy

research, University of Rotterdam, University of Cambridge,

University of national Australian and university of Toronto.

9

05730, median impact factor 1.112 and aggregate impact

factor1.766.

Table 2 is shown the ranking of the 50 top journals in

Economics including publication frequency, total cites, impact

factor,5 impact factor, Eigen factor score, articles influence score,

cites half-life and citing half-life. Regarding table 2, the finding

is clear existence that the top 5 journals are the American

Economics Review, Energy policy, Econometrica, Quarterly

5

24

Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

Table 2: Top 50 Journals in Economics

R

1

2

3

4

5

6

7

8

9

Journal

American economic review

Energy policy

Country

USA

UK

PF

12

6

12

4

TC

IF

5 IF

6.495

5.038

5.742

7.513

12.184

6.209

4.803

2.179

3.94

5.125

4.963

3.937

5.992

9.027

5.109

2.713

8.991

3.809

0.902

5.635

3431

EFS

0.137

0.047

0.052

0.058

0.056

0.026

0.018

0.027

0.021

0.03

0.021

0.035

0.022

0.014

0.02

0.015

0.012

0.017

0.018

0.021

0.02

0.019

0.006

0.017

0.014

0.007

0.013

0.007

0.01

AIS

8.728

0.994

11.44

6.758

20.155

11.699

1.144

2.601

1.379

5.269

1.172

3.776

9.851

7.197

1.359

2.791

9.373

1.063

0.511

1.934

2.668

4.65

CHL

16.1

6.7

29.8

13.5

17.9

27.3

9

15.9

10.7

14.7

5.9

15.8

20.6

12.9

7.8

12.6

14.4

7.6

11.1

5.9

10.7

14.4

18

CiHL

8.6

5.6

10.6

9.6

8.4

13.8

8.2

12

8.7

10.3

7.2

10.7

11.6

6.3

8

9.3

11.2

8

9.8

6.4

9.9

48091

41513

32128

28511

24898

23281

21723

15790

15693

14391

13099

12221

11981

11300

10547

9896

8586

8121

7786

7497

7441

7416

7399

7166

7088

6665

6509

6277

6184

5979

5681

5672

5359

5056

5016

4943

4936

4.828

4640

4630

4567

4379

4354

4337

3958

3544

3435

3433

3426

3193

4.528

4.039

3.75

5.162

7.863

5.247

3.895

1.632

3.166

3.51

Econometrica

UK

Journal of financial economics

Quarterly journal of economics

Journal of political economy

Ecological economics

Journal of econometrics

World development

Review of economics and statistics

Energy economics

Economic journal

Review of economic studies

Ournal of economic perspectives

Transportation research part b-methodological

Journal of public economics

Journal of economic literature

Transportation research part a-policy and practice

Economics letters

SWISS

USA

NET

UK

USA

NET

UK

USA

UK

Net

USA

UK

SWISS

USA

NET

USA

NET

USA

NET

UK

NET

UK

USA

UK

NET

USA

UK

USA

NET

USA

NET

USA

UK

6

12

5

6

8

1

0

1

2

3

4

5

6

7

8

9

0

1

2

3

4

5

6

7

8

9

0

1

2

3

4

5

6

7

8

9

0

1

2

3

4

5

6

7

8

9

0

1

2

3

4

5

3.91

2.946

4455

5.607

4.081

1.905

3.653

3.026

0.581

5.494

2.205

2.157

1.204

1.296

2.457

2.168

3.25

4

12

4

12

6

8

6

12

5

6

10

8

36

8

12

4

6

8

6

7

4

12

6

4

12

6

4

6

Value in health

Journal of development economics

Journal of monetary economics

Journal of economic theory

Journal of economic behavior & organization

American journal of agricultural economics

Journal of international economics

Journal of health economics

Regional studies

European economic review

Applied economics

Journal of transport geography

Health economics

3.139

1.541

2.14

7.3

2388

1.254

0.97

13.4

10.3

9.4

9

7.4

10.1

9.9

11.9

7.9

9.3

7

9.4

2.437

3.326

3.842

3.504

2.053

0.906

4.051

2.573

4.093

2.31

4.091

1.844

3.141

3.023

4.921

1.691

3.04

1.988

2.308

1.449

4.358

4.554

1.844

1.732

4.596

2.61

14.4

11.3

9.8

9.2

15

9.8

4.9

9.6

6.2

17.6

6.5

4.5

12.1

12.6

13.4

10.2

6.6

19.2

9.4

11.5

14.1

8.3

2.739

2.349

0.952

1.643

0.265

0.997

1.274

1.109

3.277

1.07

0.408

2.169

2.786

54.564

1.133

0.795

2.192

0.845

1.688

5.913

5.087

0.741

0.717

1.648

1.04

3.147

1.54

0.75

2.699

2.319

3.289

1.573

3.111

1.696

2.292

2.336

6.531

1.579

2.512

1.735

1.961

0.878

3.607

2.975

1.526

1.265

3.453

1.5

0.01

Transportation research partelogistics and transpotation review

Rand journal of economics

Food policy

0.009

0.008

0.011

0.007

0.012

0.01

0.011

0.007

0.008

0.005

0.014

0.013

0.017

0.005

0.006

0.005

0.003

11.7

7.6

9.3

Economic modelling

Journal of urban economics

Journal of applied econometrics

Journal of human resources

Journal of economic dynamics & control

Transport policy

International economic review

Environmental & resource economics

Games and economic behavior

Journal of labor economics

Journal of the european economic association

Journal of development studies

Insurance mathematics & economics

Journal of economic geography

Land economics

10

10.6

10.1

9.1

7.7

12.5

10.2

12.7

10.2

9.9

UK

NET

UK

12

6

9.2

8.6

8.7

15.7

10

10.4

9.2

USA

4

Abbreviations: R= Rank; C=Country; PF= Publication Frequency; TC= Total Cites; IF= Impact factor; 5 YIF=5 Year Impact factor; EFS = Eigen Factor

Score; AIS= Article Influence Score; CHL= Cited Half-life; Ci HL= Citing Half-Life.

5

25

Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

Table 3: Top 50 universities in economics research

R

1

2

3

4

5

6

7

8

9

University

University of California

National bureau of economics research

University of London

University Harvard

Federal university serves

University California-Berkeley

The world bank

University of Florida

University of Wisconsin

University of North Carolina

London school economics political science

University of Chicago

Centre national de la recher che scientifique cnre

University of Stanford

University of Georgia

University of illinols

Massachusetts institute of technology

University of Pennsylvania

Pennsylvania common wealth of higher education pcshe

University of Maryland

C

STC

271989

313353

99704

227635

85878

120363

82146

42233

52329

48726

55433

180350

24885

109149

34168

40481

146493

100727

37495

57067

66625

46388

39864

18593

61368

31998

45692

50755

37521

63161

27972

61758

61649

35952

35951

44375

26320

27227

20234

39939

15852

19720

24323

20222

17307

26080

41739

45893

69125

58913

WSC

264631

302069

97426

224008

83440

118581

80328

41234

51075

47546

54267

178289

24235

108035

33398

39491

144957

99582

36897

56184

65772

45435

39292

17736

60606

31417

44863

50014

36316

65529

27355

61181

60935

35474

35473

43765

25524

26627

19487

39130

15597

19257

23810

19736

17096

25607

41164

45299

68643

58447

TA

H

213

250

131

232

132

155

126

92

103

98

103

194

66

155

80

92

179

149

88

109

119

93

ACPI

39.51

59.93

23.79

73.12

34.85

50.72

35.86

19.81

24.95

23.97

27.28

90.13

13.03

57.45

18.1

21.82

80.27

56.88

21.36

32.54

39.78

28.49

24.92

12.02

41.72

21.26

31.89

35.64

26.88

45.44

20.92

46.82

46.99

28.24

28.26

34.97

20.79

21.63

16.37

32.66

13.42

16.91

20.9

USA

UK

6884

5229

4191

3113

2464

2373

2291

2132

2097

2033

2032

2001

1910

1900

1888

1855

1825

1771

1755

1754

1675

1628

1600

1547

1507

1505

1433

1424

1396

1390

1337

1319

1312

1273

1272

1269

1266

1259

1236

1223

1181

1166

1164

1154

1140

1125

1113

1091

1077

USA

UK

USA

FRA

USA

UK

GER

USA

UK

1

2

3

4

5

0

1

2

3

4

5

6

7

8

9

0

1

2

3

4

5

6

7

8

9

0

1

2

3

4

5

6

7

8

9

0

1

2

3

4

5

6

7

8

9

0

University of Columbia

University of Cornell

University of Oxford

96

59

Iza institute labor economics

UNIVERSITY OF MICHIGAN

University of Texas

University of Wisconsin Madison

University of Maryland college park

University of California Davis

University of Yale

University of Illinois Urbana Champaign

University of New York

University of North-western

University of Minnesota

123

84

100

106

87

119

78

119

115

88

98

74

75

66

95

57

63

74

66

61

80

97

135

115

University of Minnesota twin cities

Centre for economics policy research

University of Rotterdam

NET

UK

University of Cambridge

United states department of agriculture USDA

University of British Columbia

University of California state

University of national Australian

University of Michigan state

University of Texas A M

University of New York state Suny

University of Toronto

University of Ohio state

USA

AUS

USA

CAN

USA

17.52

15.18

22.88

37.1

41.23

63.36

54.7

University of Duke

university of Princeton

University of California Los Angeles

Abbreviations: R= Rank; C= County; STC= Sum of Time Cited; WSC= Without Self Citations; TA= Total Articles; H= H index; ACPI= Average Citations

Per Item

Majority of the journals in Web of Science are issued in

English because most are from English-speaking universities

which indicates a weakness of those universities which do not

feature spoken English. Still, it is important that there is a policy

in recent years for those nations that non- speak English. The

policy obviously increases their learning in English and makes a

robust investment in study.

and non-English speaking institutes in the economics whilst the

heterogeneity is existence decreased completed the year the web

of Science database has improved by a novel local approach. It

will be containing an extensive range those countries do not speak

English in the Web of Science. So, it is significant that other

global languages likely have a few journals indexed in the list of

Web of Science. Based on total publication, the University of

California is ranked first and is the most effective university in

Even Though, there is a massive dissimilarity among English

5

26

Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

field of economics in Web of Science.

Table 5: Top 50 significant countries in economics

Rank

Country

USA

UK

Germany

Canada

Australia

France

Italy

China

Netherlands

Spain

Japan

Sweden

Switzerland

Belgium

Norway

India

Taiwan

Israel

South Korea

Denmark

Scotland

Austria

TP

STC

WSC

n/a**

100399

100778

76195

67192

120868

74831

32738

70021

60359

51249

39137

22164

20285

57696

24842

36381

32301

26538

15630

8960

5584

16559

1956

19130

15246

987

12374

6999

17484

4458

5260

16450

16289

8031

H

ACPI

1

2

3

4

5

6

7

8

9

84932

19941

13454

11685

8781

8357

7412

6891

6763

6529

5063

4138

3465

3205

2876

2737

2587

2439

2378

2268

2163

2066

1954

1840

1682

1666

1614

1460

1440

1361

1357

1325

1244

1090

1038

1009

825

5580252*

825359*

171049*

501494*

107223

106304

80829

73447

125934

79188

35688

73043

62230

53190

42161

22899

21494

58963

25617

37452

33256

27492

16318

9867

577*

234*

122*

221*

113

115

102

105

132

94

69

109

98

94

79

52

58

99

64

74

77

73

57

37

32

56

61

64

54

14

49

37

64

28

33

59

42

41

25

n/a**

12.21

12.72

10.91

10.66

18.62

12.13

7.05

17.65

17.96

16.6

14.66

8.37

1

2

3

4

5

0

1

2

3

4

5

6

7

8

9

0

1

2

3

4

5

6

7

8

9

0

1

2

3

4

5

6

7

8

9

0

1

2

3

4

5

6

7

8

9

0

8.31

24.18

10.77

16.51

15.37

13.31

8.35

Turkey

South Africa

Poland

5.36

3.67

6169

Greece

17241

20788

19742

15883

1055

12889

7771

18049

4772

10.35

12.88

13.52

11.03

0.78

9.5

5.86

14.51

4.38

6.83

16.69

20.13

11.27

5.03

11.88

2.52

8.16

8.45

0.33

4.4

Finland

New Zealand

Portugal

Ukraine

Brazil

Czech Republic

Singapore

Russia

Lithuania

Ireland

Chile

7089

16844

16606

8180

3573

7993

1528

4858

4476

157

2000

4802

4159

3171

1790

2126

Wales

726

711

673

606

595

530

470

455

437

409

395

393

Malaysia

Mexico

Romania

Fed Rep Ger

Hungary

Ussr

Slovakia

Argentina

Colombia

Thailand

Pakistan

Slovenia

3408

7860

1426

4777

4349

156

1805

4681

4052

3115

1748

2006

41

18

29

27

6

20

33

32

10.99

10.17

8.03

4.55

5.49

26

20

21

387

Note:

*

according to data reported by (32)

*there is not available from a search containing more than 10,000 records

Abbreviations: TP= Total Publications; STC= Sum of Times Cited; WSC= Without self-citations; H-Index; ACPI= Average Citation Per Item

The California University with 6884 total publications is the

highest ranking with the sum of citations (271989) and H-index

of 213. The National Bureau of Economics Research ranked

second to total publication (5229) but based on the sum of citation

(250). According to the table, the University of Chicago is ranked

first in average citation per item with 90.13 with second and third

places university being Massachusetts Institute of Technology

and Harvard University with average citation per item of 80.27

and 73.12 respectively.

(313353) is the ranked first in the list and, with highest H index

5

27

Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

In the next ranking other very important universities from the

USA including, Pennsylvania University, University of North

western, University of Berkeley, Florida University, University

of Sandford and university of Columbia. It is very important that

the first, seconds and third universities outside of the USA is

There are few a small country with positive finding including

Australia, Netherlands, Sweden, and Belgium ranked fifth, ninth,

twelfth and fourteenth, respectively.

6

Bibliometric Analysis in Malaysia Universities

This section considers Malaysian records found on Web of

nd

London School of economics in the 2 rank London school

economics political science and 3rd position center national de la

recherche scientifique CNRS just four universities with this

specification obtained in the 50-top list. The twenty-four ranking

on the list of top 50 university IZA institute labor economics from

Germany with 1547 publication. The thirty-eight place to the

University of Rotterdam with 1266 publication. the forty-three

place is Australian national university with total publication 1166.

And, the forty-seven place is the University of Toronto.

According to this finding, it is obvious that the USA

universities have the highest influence in the economics area. The

highest ranked and the top 50 universities are from the USA.

Which have published the most dominant journal and significant

articles in the field of economics of all time. The UK, Canadian,

France, Germany, Nederland, and Australia universities are

similarly affected while far away from the USA. It is important

that the data displayed in this study involved documents from all

time periods. However, based on this study, during last decade the

USA universities are still ranked first with still the highest impact.

This is consistent with the paper of (32).

Science based on economics area. Notice that with Malaysian

universities, it is important to note that any article with a

minimum one Malaysian author was associated with Malaysian

universities. This is significant because the serval of the good

Malaysia authors has studied in the USA, UK, and other

countries. So, publications are denoted to Malaysian universities

if it had been written with a Malaysian author. Considering this

limitation, we are going to show the top articles in economics

where minimum one university contributed. The finding has been

shown in table 6. According to table 6, the study of (85) is the first

and highest cited article (Cited 235) from Health Economics

journal with impact factor 2.319 and quartile in the category (Q1).

The second-place article is cited by (86) 175 cited with 2.205

impact factor, from the Journal of Development Economics with

quartile in the category (Q1). The third position of highest cited

is (87) with maximum cited (170) from the Journal of Accounting

and Economics with impact factor 3.282 and with quartile in the

category (Q1).

According to table 6, the highest ranked journal is Applied

Economics with eight articles and the Journal of Economics

letters five articles, the Energy Policy, and Energy Economics

three articles. Also, regarding of quartile in the category of

Malaysian authors 35% papers are Q1 from 40 authors. Also,

15%, 30% and 17.5% are Q2, Q3, and Q4 respectively.

5

Country analysis

In recent years, the Web of Science has viewed a lot of

extraordinary research from around the world. With an effort to

become a more important global research group, the Web of

Science has reached out to distributors located in North America

and Western Europe, setting up an expansive global research

network. There is a large increase of emerging research content

from distributors around the world which is currently open to

supporters of the Web of Science.

The major weakness in Malaysia is that, there are no journals

published in this field. The main reason is the number of

researchers in other countries is higher than in Malaysia. In

addition, in Malaysia does not have a local extension of the non-

English language journals into database of Web of Science that

have permitted the chance for numerous Malaysians to remain

involved in the structure. Next, in this study with considering to

analysis, the progress in the yearly total of articles issued by the

Malaysian universities will be analysed. According to Figure 2,

before 2007 Asian financial crisis, the number of yearly

publications in field of economics in the Web of Science was less

than 15. But after the financial crisis, Malaysia has been

experiencing a robust rise in study in all subjects. Since the end

of 2011, the highest number of publications per year was 31

articles rising to 46 articles in 2013. The total of issued annual is

even rising at a very high rate and, reached 116 articles per year

in 2017.

It is a significant subject to analyse that when Web of Science

defines a country, it is displaying the quantity of total publications

from with universities from the nation. But, scientists from other

nations can issue below the same nation when researchers do in

any of its universities. Table 5 indicated the 50 top countries of

productive. In this situation, the situation identified with the total

publications instead of total citations to contemplate extra

quantitative topics since the size of publications for a nation

evaluation is peak and it is hard to controller qualitative subjects.

Regarding total publication, the USA is obviously the highest

ranking of the productive and important countries in the globe

with total publication of 84932 and H index (577). The seconds,

third and four positions are held by UK, Germany, and Canada

with total 19941,13454 and 11685 publication respectively.

According to table 5, regarding total publications, the USA has

four times more than the UK, six time more than Germany and

seven-times more than Canada. Also, based has citations the USA

has seven times more than UK, thirty-two times more than

Germany and eleven times more than Canada.

7

The list of top universities in Malaysia

The list of top universities in Malaysia can be seen in Table

7

. As can be seen the University of Malaya is the best Malaysian

university based on our criteria.

Furthermore, the most highly cited articles are from the USA,

the UK, Germany, and Canada and the finding are important

though with the exception of Canada, they are from the USA.

5

28

Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

Table 6: Top 40 articles published by a Malaysian university in economics

IF IF-5 TC Title

Van Doorslaer, O'donnell (85) HE 2.319 2.573 235 Catastrophic payments for health care in Asia

R

1

2

Author

J

QC

Q1

Baltagi, Demetriades (86)

Gul, Srinidhi (87)

JDE 2.205 3.431 178 Financial development and openness: Evidence from panel data

JAE 3.282 6.108 170 Does board gender diversity improve the informativeness of stock prices?

3

A re-examination of the relationship between electricity consumption and economic growth in

4

5

6

7

8

9

Tang (88)

EP 4.039 5.038 92

Malaysia

Q1

Q4

Q2

Liew, Baharumshah (89)

Solarin and Shahbaz (90)

Fraser, Zhang (91)

Rasiah (92)

EL 0.581 0.902 67 Are Asian real exchange rates stationary?

Trivariate causality between economic growth, urbanisation and electricity in Angola:

Cointegration and causality analysis

JBF 1.931 2.848 63 Capital structure and political patronage: The case of Malaysia

Flexible production system and local machine tool subcontracting electronic components

transitions in Malaysia1989

EL 0.587 0.902 54 FDI and economics growth: New evidence on the role of financial markets

EP 4.039 5.038 64

CJE 2.07

2.221 56

Azman-Saini, Law (93)

Environmental value and resources management options: a choice modelling experience in

1

0 Othman, Bennett (94)

EDE 1.264 1.888 54

Malaysia

1

1 Shah Alam, Ali (95)

2 Apergis and Tang (96)

3 Azlina, Law (97)

JBEM 1.503 1.265 48 An empirical study of factors affecting electronic commerce adoption among SMEs in Malaysia Q2

EE 3.91 4.963 43 Is the energy-led growth hypothesis valid? New evidence from a sample of countries Q1

EP 4.039 5.038 39 Dynamic linkages among transport energy consumption, income and CO2 emission in Malaysia Q1

The inadequacy of linear autoregressive model for real exchange rate: empirical evidence from

1

4 Liew, Chong (98)

AE

0.75

0.906 39

Q3

Asian economics

1

5 Lean, McAleer (99)

EE

3.91

4.963 38 Market efficiency of oil spot and future: A mean-variance and stochastic dominance approach

Q1

6 Tang and Nair (100)

7 Narayan, Sharma (101)

8 Azman-Saini, Azali (102)

AE 0.504 0.568 38 A cointegration analysis of Malaysia import demand function reassessment from the bounds test Q4

EE

AE

3.91

0.75

4.693 34 Do oil prices predict economics growth? New global evidence

0.906 29 Financial integration and the ASEAN-5 equity market

Q1

Q3

(

0

2006)

.571

1

9 Rasiah and Shari (103)

CJE

n/a

29 Market, government and Malaysia new economics policy

Q3

Do certified tropical logs fetch a market premium? A comparative price analysis from Sabah,

2

0 Kollert and Lagan (104)

1 Chong, Hinich (105)

2 Dey, Garcia (106)

FPE 2.496 2.695 28

Q1

Q4

Q2

Q3

Malaysia

EL 0.581 0.902 27 Time series test of nonlinear convergence and transitional dynamic

AJAR

1.486 1.685 27 Demand for fish in Asia: a cross-country analysis

E

3 Dey, Paraguas (107)

4 Samudram, Nair (108)

AE 1.732 2.562 26 The impact of integrated aquaculture-agriculture on small-scale farm in Southern Malawi

Keynes and Wager on government expenditures and economic development: the case of a

EmE 0.974 1.086 25

developing countries

Excess capacity and asymmetric information in developing country fisheries: the Malaysia

purse seine fishery

2

5 Kirkley, Squires (109)

AJAE 2.457 2.437 25

Q1

2

6 Yong and Isa (110)

7 Hoffmann, Ging (111)

8 Azhar and Elliott (112)

AE

0.75

0.906 25 Initial performance of new issues of shares in Malaysia

Q3

Q4

Q3

AEL 0.504 0.568 25 Public policy and Olympic success

RWE 1.1

1.733 24 On the measurement of product quality in intra-industry trade

Determinants of bank profitability in a developing economy: Empirical evidence from

Bangladesh

Are Malaysia`s tourism market converging? Evidence from univariate and panel unit root tests

with structural breaks

Demand for M3 and expenditure component in Malaysia: assessment from bounds testing

approach

2

3

9 Sufian and Habibullah (113)

0 Lean and Smyth (114)

1 Tang (115)

JBEM 1.503 1.265 22

Q2

Q3

Q4

TE 0.942 1.239 22

AEL 0.504 0.568 22

3

2 Lim, Luo (116)

3 Wong (117)

4 Tang and Lean (118)

5 Lau and Baharumshah (119)

AE

0.75

0.906 21 Are US stock index return predictable? Evidence from autocorrelation-based tests

0.906 20 Term of trade and economic growth in Japan and Korea: an empirical analysis

Q3

Q4

EL 0.581 0.902 20 New evidence from the misery index in the crim function

EL 0.581 0.902 20 Mean-reverting behaviour of current account in s Asian countries

Exploring and analysing sources of technical efficiency in water supply services: Some

3

6 See (120)

WRE 0.96

n/a

19

n/a

evidence from Southeast Asian public water utilities

3

4

7 Law and Azman-Saini (121)

8 Tang and Chua (122)

9 Lee (123)

EG 0.938 0.949 19 Institutional quality, governance, and financial development

Q3

Q2

AE

0.75

0.906 19 The saving-growth nexus for the Malaysian economy: a view through rolling sub-sample

0.906 19 Foreign direct investment, pollution and economic growth: evidence from Malaysia

0 Ooi, Lin (124)

JBEM 1.503 1.265 18 Dose TQM support innovation performance manufacturing industry?

Abbreviations: R= Rank; Y P=Year Published; IF= Impact Factor 2017; IF 5= Impact Factor 5 year; TC= Times Cited; QC =Quartile in Category; HE= Health economics;

JDE= Journal of Development Economics; JAE= Journal of accounting& Economics; EP= Energy Policy; EL Economics Letters; JBF= Journal of Banking and Finance;

CJE= Cambridge Journal of Economics; EDE= Environment and Development economics; JBEM= Journal of Business Economics and Management; EE= Energy

Economics; AE= Applied Economics; FPE= Forest policy and Economics; AJARE=Australian Journal of Agricultural and Economics; AE= Agricultural and Economics;

EME= Empirical Economics; AJAE= American Journal of Agricultural ; Economics; AEL; Applied Economics Letters; EWE= Review of World Economics; TE= tourism

Economics; WRE= Water Resources and Economics; EG= Economics of Governance.

5

29

Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

Table 7: Top Malaysia universities in Economic

R

1

2

3

4

5

6

7

8

9

University

University Malaya

University Putra Malaysia

University Sains Malaysia

TP

145

117

65

54

53

26

24

22

19

16

11

10

7

STC

681

914

274

329

58

207

91

198

79

54

59

49

15

1

59

19

34

3

1

13

5

WSC

666

885

264

323

56

203

87

194

77

52

56

49

15

1

59

19

33

3

1

13

5

Period

H

10

15

9

5

6

7

5

4

2

1

3

2

4

ACPI

4.7

1999-2018

2000-2019

1999-2018

2000-2018

2000-2019

1999-2018

2000-2019

1999-2018

1997-2016

1999-2018

1997-2016

1999-2018

2000-2019

1999-2018

7.81

4.22

6.09

1.09

3.91

3.5

8.25

3.59

2.45

3.11

3.06

1.36

0.1

5.9

2.71

6.8

0.6

0.2

2.6

1.25

3

University Kebangsaan Malaysia

International Islamic university Malaysia

University Utara Malaysia

University of Malaysia Sarawak

University Malaysia Sabah

Multimedia university

University Tekonologi Malaysia

University of Tunku Abdul Rahman

University Teknologi Mara

Universiti Sain Isalm Malaysia

International Centre for Education in Islamic Finance (INCEIF)

Universiti Malaysia Terengganu

University of Tenaga national

Institute Penyelidikan perhutanan Malaysia

University Sunway

1

2

0

1

2

3

4

5

6

7

8

9

0

1

2

5

4

3

1

3

1

Universiti Malaysia Kelantan

Universiti Teknologi Petronas

Bank Negara Malaysia

University Taylor

9

1

Abbreviations: R= rank; TP: Total publication; STC= Sum of Time Cited; WSC= Without Self citation; H= H-index; ACPI= Average Citation Per ItemAs

shown in the table 7, this research is aimed to investigate the Malaysian universities according on the number papers in the of Web of Science database. The

st

result showed in table 7. The typically considered such as the top universities in economics are in the 1 rank. Relate to the number of papers, the University

of Malaya with a total of 145 publication ranked first with when the University Putra Malaysia ranked first in number of citations and H-index.

significant finding and rank in third position in terms of effective.

Publication Years in Malaysia

And, one university from Germany is in the top 50. Canadian

1

40

20

00

universities ranked fourth. In the following top ranking from

European countries, France, Italy, Sweden, Belgium,

Switzerland, Denmark, Norway, Finland, and Austria have

published a lot of articles in the economics with the high citation.

However, the European countries achieve significant in the

economics area and European countries have published

frequently in top-ranking journals. Their output is comparable

with the UK and Canada.

Most Asian universities are different from standard

universities in developed countries while China. Japan, Taiwan,

and South Korea have risen significantly in recent years. In the

Asia area, China is the most encouraging country and it appears

that the total of number total publication in economics journals

will rise. However, those countries require numerous

developments such as more than few years of stabilization in

instruction to publish more top citation articles and involving a

few of its universities in the highest ranking.

This paper also developed a parallel investigation for

Malaysia. This article studied the highest citation articles, the

progress with years and the main universities. The finding has

shown that some Malaysian authors study in overseas universities

and they are involved in the Web of Science such as an overseas

researcher. According to evaluation by yearly, the total number of

annual publications has risen and looks to continue to do so in the

future. Regarding universities, the findings shown that those

universities typically known as the top universities in Malaysia

have been found in the first ranking such as the University of

Malaysia with rank 87.

Record Count

% of 714

80

60

40

20

0

Year

Figure 2: Amount number of articles by Malaysia universities

9

Conclusions

This research represents an overview bibliometric analysis of

the highly effective study in economics internationally and locally

in the case of Malaysia. The most significant finding is match with

public general knowledge and from 1970 to 2019 which include

some Nobel prize winners in economics. The finding has shown

that, the total number of papers issued risen considerably due to a

rise in the total of journals and citations.

Next, the study of top related universities and the result has

been shown that top significant while with the number of articles.

This data is very valuable in developing an image of the research

in economic and could be utilized for an extensive area of

determinations counting research policies and scholars’

strategies. The German universities has shown similarly

Finally, it is significant that this bibliometric analysis to gain

an overall portrait of the economics research from 1970 to 2019

based on the study found in the Web of Science. This

5

30

Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

investigation might have a few restrictions because of the

characteristics found while grouping research. For instance, a

large percentage of the journals incorporated into the Web of

Science is in English. Consequently, some excellent papers in

various journals are not typically evaluated so it is very simple to

miss significant data. Furthermore, some scholars will issue their

study in books instead of papers and this topic is hard to reflect

here. This information will be beneficial for academician goals

and industrial who worked with journals.

In future research, we expect further improvements to this

method by examining other specific issues in the Economics

zone. Furthermore, it will also attend other countries such as

advanced and emerging countries and journals in the evaluation

and develop this method to other systematic classes.

9. Kau JB, Johnson LL. Regional science programs: A ranking based on

publication performance. Journal of Regional Science.

1

983;23(2):177-86.

1

0. Niemi AW. Journal Publication Performance During 1970-1974: The

Relative Output of Southern Economics Departments. Southern

Economic Journal. 1975:97-106.

1. Garcia‐Ramon MD, Caballe A. Situating gender geographies: a

bibliometric analysis. Tijdschrift voor economische en sociale

geografie. 1998;89(2):210-6.

12. Davis JC, González JG. Artículos acerca de la economía mexicana

publicados en revistas especializadas (1978-1995). El Trimestre

Economico. 1998:315-26.

1

3. Colombatto E, Davis JC, Gay DE. Journal Articles about the Italian

Economy, 1980-1996. Economia Internazionale/International

Economics. 1999;52(3):317-26.

1

4. Bornmann L, Butz A, Wohlrabe K. Ein Meta-Ranking

volkswirtschaftlicher

017;70(16):40-2.

5. Stern DI. High-ranked social science journal articles can be identified

from early citation information. PloS one. 2014;9(11):e112520.

6. Baltagi B. Econometric analysis of panel data: John Wiley & Sons;

Fachzeitschriften.

ifo

Schnelldienst.

2

Aknowledgment

1

Journal editorial board thanks following reviewers to review

this article. The authors are grateful to Universiti Teknologi

Malaysia (UTM) for providing sufficient support to conduct this

research. Also, support from Dr. Hesam Kamyab is gratefully

acknowledged.

2

008.

17. Albort-Morant G, Leal-Rodríguez AL, Fernández-Rodríguez V,

Ariza-Montes A. Assessing the origins, evolution and prospects of

the literature on dynamic capabilities: A bibliometric analysis.

European Research on Management and Business Economics.

Ethical issue

Authors are aware of, and comply with, best practice in

publication ethics specifically with regard to authorship

2

018;24(1):42-52.

1

8. Chen Q, Geng N, Zhu K. Review and bibliometric analysis of

Chinese agricultural economics research: 2006-2015. China

Agricultural Economic Review. 2018;10(1):152-72.

(avoidance of guest authorship), dual submission, manipulation

of figures, competing interests and compliance with policies on

research ethics. Authors adhere to publication requirements that

submitted work is original and has not been published elsewhere

in any language.

19. Katranidis S, Panagiotidis T, Zontanos C. AN EVALUATION OF

THE GREEK UNIVERSITIES’ECONOMICS DEPARTMENTS.

Bulletin of Economic Research. 2014;66(2):173-82.

2

0. Hodgson GM, Lamberg J-A. The past and future of evolutionary

economics: some reflections based on new bibliometric evidence.

Evolutionary and Institutional Economics Review. 2018;15(1):167-

Competing interests

The authors declare that there is no conflict of interest that

would prejudice the impartiality of this scientific work.

8

7.

21. Madrueño R, Tezanos S. The contemporary development discourse:

Analysing the influence of development studies’ journals. World

Development. 2018;109:334-45.

2

2. Colander D. The making of an economist redux. Journal of Economic

Perspectives. 2005;19(1):175-98.

3. Kalaitzidakis P, Mamuneas TP, Stengos T. Rankings of academic

journals and institutions in economics. Journal of the european

economic association. 2003;1(6):1346-66.

Authors’ contribution

All authors of this study have a complete contribution for data

collection, data analyses and manuscript writing.

2

4. Kodrzycki YK, Yu P. New approaches to ranking economics

journals. The BE Journal of Economic Analysis & Policy. 2006;5(1).

5. Ritzberger K. A ranking of journals in economics and related fields.

German Economic Review. 2008;9(4):402-30.

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Journal of Environmental Treatment Techniques

2020, Volume 8, Issue 1, Pages: 521-534

Author Profile

Mohammad Farajnezhad is

pursuing

Ph.D

from

AzmanHashim

Business

International

School

UniversitiTeknologi Malaysia,

Kuala Lumper, Malaysia. He

has completed his master in

Economics from University

Malaya (UM) Kuala Lumper,

Malaysia. His has eight years of

work experience. His area of

research is Macroeconomics,

Monetary policy, trade and

growth

and

Econometric

modelling.

Suresh A/L Ramakrishnanis

Associate Professor in Azman

Hashim International Business

School,UniversitiTeknologi

Malaysia,

Kuala

Lumper,

Malaysia.He has received his

Doctoral degree from Deakin

UniversityVictoria, Australia.

His research interests including

Finance,

Financial

Risk

Management, Banking,Capital

Structure.

5

34