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Scholarly impact and the timing of major awards in economics

Author

Listed:
  • Franklin G. Mixon

    (Columbus State University)

  • Benno Torgler

    (Queensland University of Technology)

  • Kamal P. Upadhyaya

    (University of New Haven)

Abstract

The present study extends prior analysis of the link between winning the Nobel Prize in Economic Sciences and winning the John Bates Clark Medal, arguably the two most prestigious awards in the discipline, by examining the length of time between bestowal of the two awards using a right-censored tobit model. In doing so, we find that an increase of one standard deviation in the impact of a Clark Medal winner’s research portfolio is enough to reduce the time span between bestowal of these two honors by almost 10 years, an important consideration given that the more prestigious award, the Nobel Prize, is not conferred posthumously. Furthermore, our results also suggest that institutional affiliation is also important in reducing time between bestowals. In this regard, affiliation with any one of three institutions, namely Princeton, Stanford and Chicago, appears to significantly reduce this time span by 10 or more years.

Suggested Citation

  • Franklin G. Mixon & Benno Torgler & Kamal P. Upadhyaya, 2017. "Scholarly impact and the timing of major awards in economics," Scientometrics, Springer;Akadémiai Kiadó, vol. 112(3), pages 1837-1852, September.
    • Handle: RePEc:spr:scient:v:112:y:2017:i:3:d:10.1007_s11192-017-2429-4
    DOI: 10.1007/s11192-017-2429-4
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    Cited by:

    1. Ho Fai Chan & Benno Torgler, 2020. "Gender differences in performance of top cited scientists by field and country," Scientometrics, Springer;Akadémiai Kiadó, vol. 125(3), pages 2421-2447, December.
    2. Franklin G. Mixon & Benno Torgler & Kamal P. Upadhyaya, 2022. "Committees or Markets? An Exploratory Analysis of Best Paper Awards in Economics," Economies, MDPI, vol. 10(5), pages 1-15, May.
    3. Chan, Ho Fai & Bodiuzzman, Sohel Md & Torgler, Benno, 2020. "The power of social cues in the battle for attention: Evidence from an online platform for scholarly commentary," Journal of Informetrics, Elsevier, vol. 14(4).
    4. Franklin G. Mixon & Jr. & Kamal P. Upadhyaya, 2019. "Research Productivity and the Ranking of Junior Economics Faculty: An Appraisal of Alternative Metrics," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 9(2), pages 1-2.
    5. Fan Jiang & Nian Cai Liu, 2020. "New wine in old bottles? Examining institutional hierarchy in laureate mobility networks, 1900–2017," Scientometrics, Springer;Akadémiai Kiadó, vol. 125(2), pages 1291-1304, November.
    6. Ho Fai Chan & Franklin G. Mixon & Benno Torgler, 2019. "Fame in the sciences: a culturomics approach," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(2), pages 605-615, February.

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    More about this item

    Keywords

    Nobel prize in economics; John Bates Clark Medal; Economists;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics

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