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Econometrica
Econometrica
from Wikipedia
Econometrica
DisciplineEconomics
LanguageEnglish
Edited byMarina Halac
Publication details
History1933–present
Publisher
FrequencyBimonthly
5.844 (2020)
Standard abbreviations
ISO 4Econometrica
Indexing
CODENECMTA7
ISSN0012-9682 (print)
1468-0262 (web)
LCCN34016980
JSTOR00129682
OCLC no.01567366
Links

Econometrica is a peer-reviewed academic journal of economics, publishing articles in many areas of economics, especially econometrics. It is published by Wiley-Blackwell on behalf of the Econometric Society. The current editor-in-chief is Marina Halac.

History

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Econometrica was established in 1933. Its first editor was Ragnar Frisch, recipient of the first Nobel Memorial Prize in Economic Sciences in 1969, who served as an editor from 1933 to 1954. Although Econometrica is currently published entirely in English, the first few issues also contained scientific articles written in French.

Indexing and abstracting

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Econometrica is abstracted and indexed in:

According to the Journal Citation Reports, the journal has a 2020 impact factor of 5.844, ranking it 22/557 in the category "Economics".[3]

Awards issued

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The Econometric Society aims to attract high-quality applied work in economics for publication in Econometrica through the Frisch Medal. This prize is awarded every two years for an empirical or theoretical applied article published in Econometrica during the past five years.[4]

Notable papers

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Even apart from those being awarded with the Frisch medal, numerous Econometrica articles have been highly influential in economics and social sciences,[5] including:[original research?]

References

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Revisions and contributorsEdit on WikipediaRead on Wikipedia
from Grokipedia
Econometrica is a peer-reviewed academic journal dedicated to advancing economic theory in its relation to statistics and mathematics, publishing original articles in all branches of economics—both theoretical and empirical—as well as in mathematical economics and econometrics. It serves as the flagship publication of the Econometric Society, an international organization founded to promote the unification of theoretical and empirical quantitative approaches to economic problems. Established in 1933, the journal has become one of the most prestigious outlets in the field, with a 2023 Journal Impact Factor of 7.1 and an SJR ranking of 21.091 in 2024, placing it among the top economics journals globally. The journal is published bimonthly, six issues per year, by on behalf of the Econometric Society, with print ISSN 0012-9682 and online ISSN 1468-0262. Its current volume, as of 2025, is 93, reflecting nearly a century of contributions to economic . Econometrica maintains rigorous editorial standards, encouraging submissions from recent Ph.D. graduates while ensuring high-quality, innovative that bridges economic and quantitative methods. With an of 231, it boasts significant influence, evidenced by its citations per document averaging over 8 in recent years. Key features include a focus on econometric studies that innovate in methodology or application, alongside theoretical work that advances understanding of economic phenomena. The journal's , led by Editor Marina Halac, oversees a thorough peer-review process, with annual reports detailing submission volumes and turnaround times to promote transparency. Membership in the Econometric Society provides discounted access to print volumes, underscoring the journal's role in fostering a global community of economists.

Overview

Scope and Focus

Econometrica serves as the flagship journal of the Econometric Society, dedicated to publishing original research that advances economic theory in its relation to and . It emphasizes contributions in economic theory, , and quantitative approaches to economic problems, fostering the unification of theoretical and empirical analysis. The journal provides a platform for high-impact work that employs rigorous and methods to address complex economic issues. The scope encompasses all branches of , including theoretical, empirical, abstract, and applied dimensions, with a particular focus on innovative econometric techniques and quantitative modeling. Articles often explore topics such as microeconomic theory, macroeconomic dynamics, , and data-driven , prioritizing studies that demonstrate methodological advancements or substantive insights into economic behavior. This broad yet methodologically stringent coverage ensures the journal's role as a cornerstone for interdisciplinary economic . Manuscripts undergo a rigorous double-blind peer-review process, where the identities of authors and referees are anonymous to each other. The editorial team evaluates submissions based on criteria of novelty, technical rigor, and relevance to advancing economic science, typically aiming to complete reviews within four to five months. As of 2025, Halac, along with co-editors, oversees this process to maintain an interdisciplinary focus that bridges with , , and related fields. The journal primarily features full-length research papers that present comprehensive analyses, alongside occasional short communications for concise, high-impact findings. It also includes special sections on emerging topics, such as applications of in econometrics or quantitative approaches to climate economics, to highlight cutting-edge developments. These formats ensure accessibility to diverse contributions while upholding the journal's commitment to scholarly excellence.

Editorial Structure

The editorial structure of Econometrica is led by an Editor who oversees the journal's overall editorial policy and operations, supported by a team of Co-Editors, Associate Editors, a Data Editor, and additional administrative roles. As of 2025, Marina Halac () serves as Editor for a term spanning 2025–2029. The Co-Editors, numbering eight, handle the assignment and management of submissions based on their expertise in areas such as economic theory, empirics, and applied fields; current Co-Editors include Keisuke Hirano (, 2025–2029), Peter J. Klenow (, 2025–2029), Patrick Kline (, 2024–2028), Parag Pathak (, 2023–2027), Aureo de Paula (, 2025–2029), Marciano Siniscalchi (, 2025–2029), Francesco Trebbi (, 2023–2027), and Leeat Yariv (, 2023–2027). A substantial body of approximately 65 Associate Editors provides specialized and advisory input across subfields, with terms typically lasting four to five years in a staggered fashion to ensure continuity. The Data Editor, currently Joan Llull (MOVE, Universitat Autònoma de Barcelona, and Barcelona School of Economics, 2023–2027), focuses on verifying the replicability of empirical results. Administrative support includes a Director of Publications (Mary Beth Bellando-Zaniboni, ) and a (Geri Mattson, Mattson Publishing Services). The Editor holds primary responsibility for setting the journal's strategic direction, finalizing acceptance decisions, and resolving appeals, while Co-Editors manage the initial screening, referee assignment, and revision processes for submissions routed to them. Associate Editors assist by conducting detailed reviews or coordinating external referees, particularly for papers in their areas of expertise, and the Data Editor ensures that all empirical, experimental, or simulation-based submissions meet standards prior to acceptance. Editors and Co-Editors recuse themselves from handling manuscripts involving potential conflicts of interest, such as those from recent co-authors, colleagues at the same institution, or former advisees. Submissions to Econometrica follow a double-blind process, where manuscripts are evaluated anonymously by external referees, often coordinated through Associate Editors, with the goal of completing reviews within four to five months. Papers must be submitted electronically in PDF format via the journal's online system, with a maximum length of 45 pages (including references and appendices) using 12-point font and 1.5-line spacing; supplemental materials up to 25 pages may accompany the main text for online publication. At least one author must be a member of the Econometric Society, and a submission fee applies ($125 for regular members, $50 for students, with exemptions for authors from low-income countries). Rejections without full review occur within two weeks for clearly unsuitable submissions, and appeals are permitted only for cases of unambiguous factual errors in the decision process. A key component of the review process is the replication policy, which mandates that authors of empirical, experimental, or papers submit replication packages—including , , and —prior to acceptance to enable independent verification. These packages must provide non-exclusive access under a allowing download, copying, and modification with attribution, and simplified versions are encouraged for computationally intensive materials; exemptions require explicit justification and approval at submission. This policy, formalized in recent years, underscores the journal's commitment to transparency and replicability in econometric research. The Econometric Society has pursued diversity and inclusion in appointments, with representation on Econometrica's board increasing from near-zero in the mid-20th century, reflecting broader efforts to incorporate women and scholars from global institutions. This includes appointments like that of Marina Halac as the journal's first Editor in 2025, alongside Co-Editors from institutions in the United States, , and . Editorial transitions occur through staggered terms, typically four years for Co-Editors and five years for the Editor, with changes announced in advance to maintain stability; for instance, Halac transitioned from Co-Editor to Editor effective July 1, 2025, while outgoing Co-Editors like Oriana Bandiera extended briefly to facilitate handovers.

History

Founding and Early Development

The Econometric Society was established on December 29, 1930, during an organization meeting at the Statler Hotel in , , with the aim of advancing economic theory in its relation to statistics and mathematics. The society's founding was spearheaded by a group of prominent economists, including , , and Charles F. Roos, who issued invitations to the meeting; the initial 16 members also encompassed , Joseph A. Schumpeter, Henry Schultz, and others dedicated to fostering quantitative approaches in . This international organization emerged amid growing interest in applying mathematical and statistical methods to economic problems, positioning itself as a bridge between theoretical and empirical analysis. In 1933, the Econometric Society launched Econometrica as its primary publication outlet to promote rigorous quantitative research in economics. Ragnar Frisch served as the journal's first editor-in-chief from 1933 to 1954, with Harold Hotelling playing a key role in its early conceptualization and support. The inaugural issue appeared in January 1933 as a quarterly publication, accepting submissions in English, French, and German to reflect the society's international scope; it included foundational articles on topics such as the conceptual framework of econometrics by Joseph Schumpeter and early explorations of statistical methods for economic analysis. Subsequent early volumes featured works on business cycles and econometric tools, emphasizing the integration of theory, mathematics, and data. The journal's early years were marked by significant challenges, including limited circulation of around 300 copies initially, which grew modestly to under 1,000 subscribers by the late amid the economic constraints of the . Publication faced further disruptions during , with Oskar Lange serving as acting editor from 1942 to 1946. Despite these hurdles, Econometrica focused on developing foundational econometric methods, such as for economic models, providing a vital platform for scholars navigating the era's uncertainties. This period laid the groundwork for the journal's enduring role in advancing quantitative economics.

Key Milestones and Changes

The publication frequency increased to bimonthly in 1970, expanding from four to six issues per year to accommodate the rising volume of high-quality submissions in and economic theory. Electronic submissions were introduced in the late via online platforms, with full online access becoming available through Wiley Online Library by the early , including archives for issues from 1933 onward and open-access elements for supplemental materials. Editorial leadership evolved significantly, with notable transitions including Robert H. Strotz's tenure from 1955 to 1964; recent appointments, such as editor Marina Halac as of July 2025, have continued to prioritize rigorous empirical analysis. Post-2010, digital tools influenced strengthened replicability policies, requiring authors to provide data and code for empirical results to ensure transparency and verification. Circulation expanded from several thousand subscribers in the mid-20th century, driven by membership growth in the Econometric Society; assumed publishing responsibilities in , enhancing global distribution and online accessibility.

Publication and Accessibility

Format and Frequency

Econometrica is published bimonthly by Wiley on behalf of the Econometric Society, with six issues released each year in , , May, , , and . Each issue typically features 10 to 15 original articles, contributing to an annual total of approximately 70 to 90 papers. The journal maintains a print ISSN of 0012-9682 and an online ISSN of 1468-0262. It follows a hybrid model, in which articles are available behind a subscription by default, but authors may opt for immediate by paying an to Wiley. Main articles generally span 30 to 50 pages, with submission guidelines recommending a maximum of 45 pages including references and appendices to ensure conciseness. Supplemental materials, such as extended appendices, , and , are published online separately, with a limit of up to 25 pages for these additions. For production, authors are encouraged to prepare manuscripts using for final submission, providing both PDF and source files to facilitate professional . Guidelines stress precise —such as numbering equations sequentially and italicizing defined terms—and the inclusion of clear, labeled figures in formats like EPS or high-resolution for both print and online versions. Accessibility is enhanced through comprehensive online archives extending back to the journal's founding in 1933, with all content available as downloadable, mobile-friendly PDFs via the Wiley Online Library. Back issues are also integrated with , providing stable, searchable access for researchers and institutions as of 2025.

Indexing and Metrics

Econometrica is indexed in several major academic databases, enhancing its visibility and accessibility to researchers worldwide. It is covered by , which provides comprehensive citation tracking and journal metrics. The journal is also included in the , specifically through the Social Sciences Citation Index (SSCI) and Current Contents/Social and Behavioral Sciences, allowing for detailed bibliometric analysis. Additionally, Econometrica is abstracted and indexed in EconLit, the American Economic Association's database for economic , for archival access to past issues, and for broad scholarly search capabilities. The journal's citation metrics underscore its high impact in the field of economics and econometrics. Its 2023 Impact Factor, as reported by Clarivate Analytics, stands at 7.1, reflecting the average number of citations received per article published in 2021 and 2022. The h-index exceeds 200, with Scimago reporting an h-index of 231 based on Scopus data, indicating that 231 articles have been cited at least 231 times each. These metrics position Econometrica in the top 1% of economics journals, consistently ranking among the most influential outlets. In terms of altmetrics and usage statistics, Econometrica demonstrates strong engagement beyond traditional citations. On platforms like RePEc (Research Papers in Economics), articles from the journal receive millions of annual views and downloads, highlighting its role as a key resource for global economic research. For instance, RePEc tracks extensive access statistics for Econometrica papers, with top-cited items garnering thousands of downloads in the past year alone. Compared to peer journals, Econometrica maintains a position in the top 5 economics publications according to multiple ranking systems. Per (SJR), it holds a 2024 SJR of 21.091, placing it alongside leading titles such as the (AER) and Quarterly Journal of Economics (QJE) in the Q1 quartile for and . Similarly, RePEc rankings list it third overall by simple at 131.601, affirming its elite status among journals. Recent developments have further bolstered the journal's metrics, particularly through the Econometric Society's data and code availability policy implemented to promote . This policy requires authors to share data and code upon publication, contributing to improved citation rates as evidenced by broader studies on practices. As of 2025 rankings, Econometrica shows increased citations in emerging areas like AI-economics intersections, with empirical analyses indicating that data-sharing mandates can boost citations by up to 9% or more in journals.

Awards and Honors

Frisch Medal

The Frisch Medal is a prestigious presented by the Econometric Society to recognize outstanding contributions to through published in Econometrica. Established in 1978 and named in honor of , the founder of econometrics and co-recipient of the first in in 1969, the medal aims to encourage the submission and publication of high-quality empirical and applied work in the journal. It is awarded biennially for the best applied paper—whether empirical or theoretical—published in Econometrica during any of the four preceding calendar years. The selection criteria emphasize empirical innovation, methodological advancement, and policy relevance in , highlighting papers that demonstrate significant originality and potential influence on economic understanding or practice. For instance, awarded papers often feature rigorous empirical strategies, such as structural models or natural experiments, that advance or reveal general equilibrium effects in real-world settings. This focus aligns with the medal's purpose of promoting impactful applied research that bridges and evidence. The selection process is managed by a of typically six members, appointed by the Society's President in consultation with the Econometrica editor, with members serving across two award cycles for continuity. The receives input from the journal's editor and co-editors and solicits nominations from the Society's membership via . Conflicts of interest are strictly prohibited, requiring recusal, and current Econometrica editors and Society officers are ineligible to ensure impartiality. The evaluates nominated papers based on their contributions to , ultimately selecting a single winning paper. Since its inception, the Frisch Medal has been awarded 24 times through 2024, recognizing seminal works across diverse subfields. Notable examples from the 1990s include the 1992 award to John Rust for his 1987 paper on optimal bus engine replacement, which pioneered structural estimation methods in dynamic models, and the 1996 award to Steven T. Berry for his 1992 paper on airline market entry, influential in and applications. In the , recipients included the 2014 award to Flavio Cunha, James J. Heckman, and Susanne M. Schennach for their 2010 paper on skill formation technology, advancing in research, and the 2018 award to Gabriel Ahlfeldt et al. for their 2015 study on urban density using the as a . The most recent award in 2024 went to Dennis Egger, Johannes Haushofer, Edward Miguel, Paul Niehaus, and Michael Walker for their paper on general equilibrium effects of cash transfers in , underscoring experimental approaches to development policy. A complete list of winners is maintained by the Econometric Society. The significantly enhances the visibility of applied economic research, with winning papers often garnering high citation counts and influencing discussions, such as evaluations of welfare programs or trade interventions. For example, the 2024 winner has been referenced in debates on and poverty alleviation strategies. By spotlighting such contributions, the award reinforces Econometrica's role in advancing policy-relevant .

Haavelmo Prize

The Haavelmo Prize, established by the Econometric Society in 2024, is named in honor of Trygve Haavelmo, the 1989 Nobel laureate in Economic Sciences recognized for his pioneering probability approach to econometrics. Awarded biennially, it recognizes the best paper in econometrics published in Econometrica during any of the preceding four calendar years, with the inaugural award covering papers from 2020 to 2023. The prize emphasizes theoretical innovation in econometric methods, including advancements in identification strategies, techniques, and procedures that address challenges in set-identified models. Its purpose is to encourage the submission of high-quality work in to Econometrica, promoting foundational research amid the field's increasing emphasis on empirical applications. Selection is conducted by an appointed by the Society's President, comprising distinguished econometricians who evaluate eligible papers based on their methodological contributions; committee members recuse themselves in cases of , and Econometrica's editors and Society officers are ineligible. The 2024 committee, chaired by Manuel Arellano and including Jaap Abbring, Xiaohong Chen, Sergio Firpo, Hidehiko Ichimura, and Rosa L. Matzkin, awarded the prize to Raffaella Giacomini and Toru Kitagawa for their 2021 paper "Robust for Set-Identified Models." This work develops a framework for robust Bayesian analysis in models where parameters are partially identified, integrating worst-case scenario considerations to bridge Bayesian and frequentist perspectives on uncertainty, thereby enhancing reliable inference in structural econometric applications. As of November 2025, the 2026 award, covering papers from 2022 to 2025, remains pending.

Notable Contributions

Influential Articles

One of the most seminal contributions to published in Econometrica is John Nash's 1950 paper, "The Bargaining Problem." In this work, Nash introduces an axiomatic approach to solving two-person situations under symmetric information, defining the problem as maximizing the product of utilities above disagreement points. He proposes four key axioms—invariance under positive affine transformations, symmetry, , and Pareto optimality—which uniquely determine the solution as the outcome that equalizes the relative gains from . This framework has become foundational for and influenced subsequent developments in and . Another landmark article is Kenneth J. Arrow and Gérard Debreu's 1954 paper, "Existence of an Equilibrium for a Competitive ." The authors prove the existence of a competitive equilibrium in a general Walrasian economy with production, using an abstract commodity space and fixed-point theorems, specifically Brouwer's theorem, to establish that excess demand functions are continuous and satisfy boundary conditions. Their model incorporates uncertainty through contingent commodities and demonstrates equilibrium under convexity assumptions on preferences and production sets, resolving a central question in . This proof solidified the theoretical underpinnings of and earned both authors Nobel recognition. In more recent decades, Daron Acemoglu and Pascual Restrepo's 2022 paper, "Tasks, Automation, and the Rise in U.S. Wage Inequality," examines how automation displaces labor in routine tasks, contributing to wage polarization. Using a task-based framework, they quantify that 50-70% of U.S. wage structure changes from 1980-2016 stem from relative declines in middle-skill wages due to automation-biased technical change, with general equilibrium effects amplifying inequality through shifts in labor demand. Their empirical decomposition, drawing on occupational data, underscores automation's role in exacerbating between-group wage disparities without fully offsetting through new task creation. These articles were selected for their exceptional impact, evidenced by exceptionally high citation counts on major indices, such as approximately 12,000 for Nash's paper and over 9,300 for Arrow and Debreu's (as of 2024), direct ties to Nobel Prize contributions, and paradigm-shifting innovations in economic theory.

Broader Impact on Economics

Econometrica has played a pivotal role in shaping econometrics as a distinct subfield of economics by serving as the primary outlet for integrating economic theory with statistical and mathematical methods since its inception in 1933. The journal's early volumes, under the editorship of Ragnar Frisch, promoted the development and standardization of key techniques, including extensions to ordinary least squares (OLS) regression and instrumental variable (IV) estimation, which addressed endogeneity and causal inference challenges central to empirical economic analysis. These methods, disseminated through seminal publications, became foundational tools for econometric research, enabling rigorous testing of economic hypotheses and influencing subsequent advancements in quantitative economics. The journal's influence extends to both academic discourse and economic policy, with numerous papers informing models at institutions such as central banks and the World Bank. For instance, econometric frameworks developed in Econometrica have been adapted for macroeconomic simulations and policy evaluation, enhancing the precision of and growth projections. Nearly 90% of laureates in Economic Sciences since 1969 are Fellows of the Econometric Society, many of whom published their prize-winning or key preparatory work in the journal, underscoring its role in advancing ideas that shape global economic understanding and receive the highest academic recognition. Econometrica's contributions reach beyond core economics into interdisciplinary domains, including , , and . In , the journal has hosted influential work on models, such as extensions of equilibrium theories that incorporate behavioral factors and market frictions, providing tools for in volatile markets. Political science benefits from its publications on voting theory, exemplified by analyses of linear voting rules and equitable mechanisms that model strategic behavior in elections and collective decision-making. In environmental economics, recent articles explore trade policies' role in mitigating , offering econometric evidence on pathways that balance with ecological constraints. The journal's global impact has grown since 2000, with a notable increase in submissions and publications from non-Western authors, reflecting broader participation from regions like and and fostering diverse perspectives on economic challenges. This shift aligns with trends in top journals, where developing-country authorship has risen, albeit modestly at the highest tiers, promoting inclusive research on issues like inequality and development. As of 2025, Econometrica continues to lead discourse on emerging topics, including the integration of in economic modeling for and high-altmetrics papers addressing and social issues, such as gender dynamics in labor markets.

References

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