How to Write In-Text Citations for Economics

Yomu Team
By Yomu Team ·

In economics, citations serve as the empirical and theoretical foundation for your arguments, linking your analysis to established models and data sets. Precision is vital because economics relies heavily on attributing specific mathematical derivations and longitudinal data to their original authors to maintain academic integrity.

What Is an In-Text Citations in Economics?

In economics, an in-text citation is a brief reference within your prose that directs readers to the full source in your bibliography. Unlike humanities, economics citations often prioritize the author-date system to highlight the chronological evolution of economic thought, particularly when discussing shifts from classical to neoclassical or behavioral theories.

Before You Start

  • Identify whether your target journal or professor requires American Economic Association (AEA) style or APA style.
  • Verify the specific data set versions used, such as the World Bank's World Development Indicators or FRED data.
  • Distinguish between primary sources of economic theory and secondary empirical applications of those theories.
  • Gather the page numbers for direct quotes from seminal texts like Smith's Wealth of Nations or Keynes's General Theory.
  • Ensure you have the correct spelling of international authors common in global economic literature.

Use the Author-Date Format for General Themes

When referencing a broad economic concept or a general finding from a paper, place the author's last name and the publication year in parentheses.

Example: Market failures often arise in the presence of asymmetric information (Akerlof).

Tip: If the author's name is part of your sentence, only the date needs to be in parentheses.

Attribute Specific Econometric Models

When discussing a specific methodology like Difference-in-Differences or Instrumental Variables, cite the paper that popularized the specific application you are replicating.

Example: The causal effect of education on earnings is estimated using the proximity to colleges as an instrument (Card).

Tip: Always cite the original methodological paper even if you are using a textbook to learn the formula.

Cite Institutional Data Correcty

Economics relies on large-scale data. When referencing statistics, cite the organization as the author.

Example: The global extreme poverty rate has declined significantly since the late twentieth century (World Bank).

Tip: Use the full name of the organization in the first citation and an abbreviation in subsequent citations if it is well-known.

Handle Multiple Authors According to Style

Economics papers often have three or more authors. Use 'et al.' for three or more authors in most economics-specific styles.

Example: The relationship between institutional quality and economic growth is well-documented (Acemoglu et al.).

Tip: In the references list, you must list all authors, but in-text 'et al.' keeps the prose readable.

Reference Specific Pages for Mathematical Proofs

If you are citing a specific theorem or a mathematical derivation, include the page number to help the reader locate the proof.

Example: The conditions for general equilibrium are rigorously defined (Arrow and Debreu, p. 265).

Tip: This is especially important when referencing long monographs or foundational textbooks.

Cite Working Papers and NBER Series

Much of the latest economic research is found in working papers. Cite these as you would a journal article but ensure the date is the most recent version.

Example: Recent evidence suggests that carbon taxes have minimal negative impact on GDP growth (Metcalf and Stock).

Tip: Check if the working paper has been formally published in a journal before finalizing your citations.

Use Signal Phrases for Literature Reviews

In your literature review, integrate citations into the flow of your sentences to show the progression of the field.

Example: While Solow emphasized capital accumulation, Romer argued that endogenous technological change is the primary driver of long-run growth.

Tip: Vary your verbs: use 'posits,' 'demonstrates,' 'contends,' or 'finds' to describe economic research.

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Common Mistakes to Avoid

  • Citing a textbook for a concept originally developed in a seminal paper (e.g., citing a Macroeconomics 101 book for the IS-LM model instead of Hicks).
  • Forgetting to cite the source of a specific data table or figure used in your empirical analysis section.
  • Misplacing the citation in the sentence, which can lead to ambiguity about which claim is being supported.
  • Over-citing general knowledge that is foundational to the field, such as basic supply and demand laws.
  • Using 'et al.' incorrectly for a paper that only has two authors.

Pro Tips

  • Keep a BibTeX file of frequently cited economics journals like the American Economic Review (AER) or the Quarterly Journal of Economics (QJE).
  • When citing multiple sources for one point, list them alphabetically to mirror the standard practice in top-tier economics journals.
  • Distinguish between 'c.f.' (compare) and 'see' when directing readers to contrasting economic theories.
  • If you are citing a classic work that has many editions, use the date of the edition you are actually reading.
  • Always check the 'Suggested Citation' provided by data repositories like ICPSR or IPUMS.

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Frequently Asked Questions

How do I cite a paper with more than three authors in AEA style?

For three or more authors, use the first author's last name followed by 'et al.' in all in-text mentions. This keeps the technical discussion focused on the findings rather than a long list of names.

Do I need to cite the software I used for my econometric analysis?

Yes, it is standard practice in economics to cite software like Stata, R, or Python libraries (e.g., pandas or statsmodels) in your methodology section to ensure replicability.

Should I cite a Nobel Prize lecture?

Yes, Nobel lectures published in the American Economic Review are considered primary sources and should be cited using the author-date format.

How do I cite a graph I created using someone else's data?

The citation should read 'Author's calculations based on...' followed by the citation for the original data source (e.g., Bureau of Labor Statistics).

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