The Review of Economic Studies

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The Review of Economic Studies (also known as RESTUD) is a quarterly peer-reviewed academic journal covering economics. It was established in 1933 by a group of economists based in Britain and the United States. The original editorial team consisted of Abba P. Lerner, Paul Sweezy, and Ursula Kathleen Hicks. It is published by Oxford University Press. In a 2003 survey, it ranked eighth in overall impact among economics journals.[1] The journal is widely considered one of the top-5 journals in Economics.[2] It is managed by a board of directors currently chaired by Kjetil Storesletten (University of Oslo). The current editors-in-chief are Jerome Adda (Bocconi University), Aureo de Paula (University College London), Nicola Gennaioli (Bocconi University), Gita Gopinath (Harvard University), Christian Hellwig (University of Toulouse), Botond Koszegi (Central European University), Uta Schoenberg (University College London), and Michèle Tertilt (University of Mannheim). According to the Journal Citation Reports, the journal has a 2011 impact factor of 4.038, ranking it 6th out of 333 journals in the category "Economics".[3]

The Review of Economic Studies
Rev. Econ. Stud.
Discipline Economics
Language English
Edited by Jerome Adda, Aureo de Paula, Nicola Gennaioli, Gita Gopinath, Christian Hellwig, Botond Koszegi, Uta Schoenberg, Michèle Tertilt
Publication details
Oxford University Press for The Review of Economic Studies Ltd
Publication history
Frequency Quarterly
ISSN 0034-6527 (print)
1467-937X (web)
LCCN 35031091
OCLC no. 1639811
JSTOR 00346527


The journal was founded in 1933. From the beginning, the board of editors has operated independently of any university department or learned society.[4] The founding document of the journal stated that "The object of the Review is to supplement the facilities for the publication of new work on theoretical and applied economics, particularly by young writers." and that "Any member" of the editorial board "who becomes a Reader or Professor in a British University must resign his membership."[5]

In its early years, the journal was used to log the macroeconomic debates of younger followers of Friedrich Hayek (such as Abba Lerner) and John Maynard Keynes (such as the members of the Cambridge Circus).[6]

Notable papers

Some of the most path-breaking and influential articles published in The Review of Economic Studies are:[7]

  • "The General Theory of Second Best", by R. G. Lipsey and Kelvin Lancaster; Vol. 24, No. 1 (1956), pp. 11–32. JSTOR 2296233
  • "The Economic Implications of Learning by Doing", by Kenneth J. Arrow; Vol. 29, No. 3 (1962), pp. 155–173. JSTOR 2295952
  • "Exploration in Theory of Optimum Income Taxation ", by J. A. Mirrlees; Vol. 38, No. 2 (1971), pp. 175–208.
  • "Incentives and Risk Sharing in Sharecopping ", by Joseph E. Stiglitz; Vol. 41, No. 2 (1974), pp. 219–255. JSTOR 2296714
  • "The Lagrange Multiplier Test and its Applications to Model-Specification in Econometrics", by T. S. Breusch and A. R. Pagan; Vol. 47, No. 1 (1980), pp. 239–253. JSTOR 2297111
  • "Income Distribution and Macroeconomics", by Oded Galor and Joseph Zeira; Vol. 60, No. 1 (1993), pp. 35–52.
  • "Identification of Endogenous Social Effects: The Reflection Problem", by Charles F. Manski; Vol. 60, No. 3 (1993), pp. 531–542. JSTOR 2298123
  • "Job Creation and Job Destruction in the Theory of Unemployment", by Dale T. Mortensen and Christopher A. Pissarides; Vol. 61, No. 3 (1994), pp. 397–415. JSTOR 2297896
  • "Matching as an Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme", by James J. Heckman, Hidehiko Ichimura and Petra E. Todd; Vol. 64, No. 4 (1997), pp. 605–654. JSTOR 2971733
  • "Estimating Production Functions Using Inputs to Control for Unobservables", by James Levinsohn and Amil Petrin; Vol. 70, No. 2 (2003), pp. 317–341. JSTOR 3648636
  • "Intrinsic and Extrinsic Motivation", by Roland Bénabou and Jean Tirole; Vol. 70, No. 3 (2003), pp. 489–520.


  1. ^ P. Kalaitzidakis, T. Mamuneas, and T. Stengos (2003), "Rankings of academic journals and institutions in economics". Journal of the European Economic Association 1 (6), pp. 1346-1366.
  2. ^ Card, David; DellaVigna, Stefano (2013). "Nine Facts about Top Journals in Economics". Journal of Economic Literature. 51 (1): 144–161. doi:10.1257/jel.51.1.144.
  3. ^ "Journals Ranked by Impact: Economics". 2014 Journal Citation Reports. Web of Science (Social Sciences ed.). Thomson Reuters. 2015.
  4. ^ "The Review of Economic Studies: History". The Review of Economic Studies. Retrieved 23 July 2016.
  5. ^ "Transcribed Version" (PDF). The Review of Economic Studies. Retrieved 23 July 2016.
  6. ^ "Return Fire". Keynes Hayek: The Clash That Defined Modern Economics. W. W. Norton & Company. 2012. ISBN 978-0393343632.
  7. ^ "THE HISTORY OF RESTUD". Oxford Journals. Retrieved 22 January 2017.

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