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The Journal of Real Estate Finance and Economics

Erschienen in:

01.02.2011

World Ranking of Real Estate Research: Recent Changes in School Competitiveness and Research Institutions

verfasst von: Jang C. Jin, Eden S. H. Yu

Erschienen in: The Journal of Real Estate Finance and Economics | Ausgabe 2/2011

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Abstract

Real estate programs are ranked based upon page counts of articles published in three major real estate journals. The page counts are employed to capture many variations in the length of articles. For each author, his/her most recent affiliation is used to evaluate the school competitiveness of current faculty members rather than a perceived school reputation of the past. In this study, we find that top-tier schools in real estate research are not necessarily the most famous schools in economics and finance; progressive universities specializing in real estate research hold the top ranks. Furthermore, school competitiveness has changed substantially in the United States. The changes are mainly because of a mobility of faculty members. The results also show that U.S. institutions dominate research in real estate.

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Chan et al. (2008, Exhibit 5) attempted to identify the current affiliations of individual authors, but it was not directly used to construct school rankings.

Of course, a recent development of the Internet facilitates the search of individual faculty members without much difficulty, but the relative research productivity of current faculties is not available in public. This paper thus attempts to conduct the first systematic comparison of research-active scholars worldwide in the field of real estate.

One might object to this type of school ranking because all journals were equally weighted in quality. Quality-adjusted rankings in the literature employed ‘impact factors’ for top-tier economics journals (e.g. Conroy et al. 1995); different groups of quality journals were also used for a broad number of journals (e.g. Scott and Mitias 1996). But for the three specialty journals used here, their impact factors fluctuate year by year and, on balance, their impact factors may turn out to be nearly identical. Grouping quality journals is also subjective.

The results are available upon request. Jin (2009) shows a similar finding. Other examples are Mantegna and Stanley (1995) on the S&P index, and Ulubasoglu and Hazari (2004) on tourism.

For Asian rankings of the economics profession, see, for example, Jin and Hong (2008) and Jin and Yao (1999).

It is also noted that the research emphasis seemed to be reduced noticeably at the University of New South Wales in Australia. Even worse was the University of Technology Sydney in Australia. Further rankings below 20th are available upon request.

Most ranking papers in the real estate literature counted a single journal. See a brief review of the literature in “Introduction” for relevant discussion.

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Titel: World Ranking of Real Estate Research: Recent Changes in School Competitiveness and Research Institutions
verfasst von: Jang C. Jin
Eden S. H. Yu
Publikationsdatum: 01.02.2011
Verlag: Springer US
Erschienen in: The Journal of Real Estate Finance and Economics / Ausgabe 2/2011
Print ISSN: 0895-5638
Elektronische ISSN: 1573-045X
DOI: https://doi.org/10.1007/s11146-010-9256-1

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