I have just finished reading a very interesting unpublished paper, 'Measuring University Quality' by Christopher Claassen of the University of Essex.
He finds that all the major international rankings tap to some extent an underlying unidimensional trait of university quality and that this is measured more accurately by the US News Best Global Universities, the Center for World University Rankings (Jeddah) and the Academic Ranking of World Universities (Shanghai).
He also finds that these rankings are not biased towards their home countries, in contrast to the Times Higher Education, QS and Webometrics rankings.
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