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Territorial Review Copenhagen - Region Hovedstaden

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107<br />

ranking rates 200 universities worldwide. Indicators that are weighted<br />

relatively heavily in this index are the academic reputation, as reviewed<br />

by 1 000 academic peer reviewers, and proxies for scientific output<br />

(citations) and quality of education (ratio of students to staff). The<br />

Professional Ranking of World Universities by the École Nationale<br />

Supérieure des Mines de Paris intends to measure the performance of<br />

each university by looking at the labour market perspectives of its alumni.<br />

Its main criterion is the number of CEOs of Fortune Global 500 firms<br />

who studied in each university. The Performance Ranking of Scientific<br />

Papers for World Universities by the Higher Education Evaluation and<br />

Accreditation Council of Taiwan reviews production of scientific papers.<br />

It uses three criteria: research productivity, research impact and research<br />

excellence, using bibliometric methods, to analyse and rank the<br />

production of scientific papers of the top 500 universities in the world.<br />

The Research Centre for Chinese Science Evaluation of the Wuhan<br />

University ranks universities based on essential science indicators. It takes<br />

into account number of publications and frequency of citations in more<br />

than 11 000 journals around the world, in 22 fields of research.<br />

26 It does not figure in the Wall Street Journal ranking of 25 best non-US<br />

business schools, nor in the UTD Top 100 Worldwide Business Schools,<br />

which is based on research contributions. In other rankings, the<br />

<strong>Copenhagen</strong> Business School occupies a rather modest position. It scores<br />

41 st in the Global Business School 2007-2008 ranking of the Aspen<br />

Institute (and sixth in Europe), and 37 th in the Financial Times Top 60 of<br />

graduate business schools in Europe. The Financial Times also publishes<br />

rankings of the different programs of the business schools, in which the<br />

<strong>Copenhagen</strong> Business School ranks 21 st for its Master in Management and<br />

62 nd for its Executive MBA programme. European cities that score<br />

considerably better in business education are Paris, London, Madrid,<br />

Randstad (Rotterdam), Brussels (Leuven), Milan, Zurich (St. Gallen) and<br />

Stockholm. <strong>Copenhagen</strong> Business School does not figure in the<br />

international top 100 of MBAs of the Economist Intelligence Unit, since it<br />

does not offer a full-time MBA.<br />

27 Calculations by the Danish Enterprise and Construction Authority, based<br />

on data from Statistics Denmark.<br />

28 Among EU countries, Denmark has some of the highest housing prices:<br />

28.6% of a typical household‘s consumption was spent on housing in<br />

2003. Only Spain and Sweden spent more of their income on housing<br />

(Boverket, 2005). A wide number of economic factors may have<br />

increased the price of housing and constrained the supply for the lowincome<br />

market, including households‘ ability to borrow, conditions<br />

affecting the supply of new or refurbished housing, choices concerning<br />

how much to spend on housing relative to other goods, and the

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