The Focus of Academic Economics: Before and after the Crisis
33 Pages Posted: 9 Aug 2018
Date Written: May 22, 2018
Has the global financial crisis of 2007ff had a visible impact on the economics profession? To answer this question we employ a bibliometric approach and compare the content and orientation of economic literature before and after the crisis with reference to two different samples: A large-scale sample consisting of more than 440,000 articles published between 1956 and 2016 and a smaller sample of 400 top-cited papers before and after the crisis. Our results suggest that – unlike the Great Depression of the 1930s – the current financial crisis did not lead to any major theoretical or methodological changes in contemporary economics, although the topic of financial instability received increased attention after the crisis.
Keywords: crisis, economics profession, economic journals, keyword analysis, paradigmatic development
JEL Classification: A14, B20, B26, G01, N00, N01
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