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 the editorial board currently chaired by Nicola Fuchs-Schündeln (Goethe University Frankfurt). The current joint managing editors are Thomas Chaney (Sciences Po), Andrea Galeotti (London Business School), Nicola Gennaioli (Bocconi University), Veronica Guerrieri (University of Chicago), Kurt Mitman (Institute for International Economic Studies, Stockholm University), Francesca Molinari (Cornell University), Uta Schöenberg (University College London), and Adam Szeidl (Central European University). According to the Journal Citation Reports, the journal has a 2018 impact factor of 4.767.

The Review of Economic Studies  
Edited byThomas Chaney, Andrea Galeotti, Nicola Gennaioli, Veronica Guerrieri, Kurt Mitman, Francesca Molinari, Uta Schöenberg, Adam Szeidl
Publication details
4.767 (2018)
Standard abbreviations
ISO 4Rev. Econ. Stud.
ISSN0034-6527 (print)
1467-937X (web)
OCLC no.1639811


The journal was founded in 1933. From the beginning, the board of editors has operated independently of any university department or learned society.[3] 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."[4]

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).[5]

Notable papersEdit

Some of the most path-breaking and influential articles published in The Review of Economic Studies are:[6]

  • Lipsey, R. G.; Lancaster, Kelvin (1956). "The General Theory of Second Best". The Review of Economic Studies. 24 (1): 11–32. doi:10.2307/2296233. JSTOR 2296233.
  • Arrow, Kenneth J. (1962). "The Economic Implications of Learning by Doing". The Review of Economic Studies. 29 (3): 155–173. doi:10.2307/2295952. JSTOR 2295952. S2CID 155029478.
  • Mirrlees, J. A. (1971). "An Exploration in the Theory of Optimum Income Taxation". The Review of Economic Studies. 38 (2): 175–208. doi:10.2307/2296779. JSTOR 2296779. S2CID 15311903.
  • Stiglitz, Joseph E. (1974). "Incentives and Risk Sharing in Sharecropping" (PDF). The Review of Economic Studies. 41 (2): 219–255. doi:10.2307/2296714. JSTOR 2296714.
  • Breusch, T. S.; Pagan, A. R. (1980). "The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics". The Review of Economic Studies. 47 (1): 239–253. doi:10.2307/2297111. JSTOR 2297111.
  • Galor, Oded; Zeira, Joseph (1993). "Income Distribution and Macroeconomics". The Review of Economic Studies. 60 (1): 35–52. doi:10.2307/2297811. JSTOR 2297811. S2CID 141057231.
  • Manski, Charles F. (1993). "Identification of Endogenous Social Effects: The Reflection Problem" (PDF). The Review of Economic Studies. 60 (3): 531–542. doi:10.2307/2298123. JSTOR 2298123.
  • Mortensen, Dale T.; Pissarides, Christopher A. (1994). "Job Creation and Job Destruction in the Theory of Unemployment". The Review of Economic Studies. 61 (3): 397–415. doi:10.2307/2297896. JSTOR 2297896.
  • Heckman, James J.; Ichimura, Hidehiko; Todd, Petra E. (1997). "Matching as an Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme". The Review of Economic Studies. 64 (4): 605–654. doi:10.2307/2971733. JSTOR 2971733.
  • Levinsohn, James; Petrin, Amil (2003). "Estimating Production Functions Using Inputs to Control for Unobservables". The Review of Economic Studies. 70 (2): 317–341. doi:10.1111/1467-937X.00246. JSTOR 3648636.
  • Bénabou, Roland; Tirole, Jean (2003). "Intrinsic and Extrinsic Motivation". The Review of Economic Studies. 70 (3): 489–520. doi:10.1111/1467-937X.00253. JSTOR 3648598.


  1. ^ Kalaitzidakis, Pantelis; Stengos, Thanasis; Mamuneas, Theofanis P. (2003). "Rankings of Academic Journals and Institutions in Economics". Journal of the European Economic Association. 1 (6): 1346–1366. doi:10.1162/154247603322752566. JSTOR 40004862.
  2. ^ Card, David; DellaVigna, Stefano (2013). "Nine Facts about Top Journals in Economics". Journal of Economic Literature. 51 (1): 144–161. CiteSeerX doi:10.1257/jel.51.1.144.
  3. ^ "The Review of Economic Studies: History". The Review of Economic Studies. Retrieved 23 July 2016.
  4. ^ "Transcribed Version" (PDF). The Review of Economic Studies. Retrieved 23 July 2016.
  5. ^ "Return Fire". Keynes Hayek: The Clash That Defined Modern Economics. W. W. Norton & Company. 2012. ISBN 978-0393343632.
  6. ^ "THE HISTORY OF RESTUD". Oxford Journals. Archived from the original on 1 July 2013. Retrieved 22 January 2017.

External linksEdit