What Makes a Great Journal Great in Economics? The Singer Not the Song
AbstractThe paper is concerned with analysing what makes a great journal great in economics, based on quantifiable measures. Alternative Research Assessment Measures (RAM) are discussed, with an emphasis on the Thomson Reuters ISI Web of Science database (hereafter ISI). The various ISI RAM that are calculated annually or updated daily are defined and analysed, including the classic 2-year impact factor (2YIF), 5-year impact factor (5YIF), Immediacy (or zero-year impact factor (0YIF)), Eigenfactor score, Article Influence, C3PO (Citation Performance Per Paper Online), h-index, Zinfluence, PI-BETA (Papers Ignored - By Even The Authors), and two new RAM measure, the Self-citation Threshold Approval Rating (STAR) score and the Impact Factor Inflation (IFI) score. The ISI RAM data are analysed for the most highly cited journals in the ISI categories of Economics, Management, Business, and Business - Finance. The journals are chosen on the basis of 2YIF (including self citations by both author and journal). The application to these four ISI categories could be used as a template for other ISI categories in both the Social Sciences and the Sciences, and as a benchmark for newer journals in a range of ISI disciplines. In addition to evaluating high quality research in the most highly cited Economics journals, the paper also compares the most highly cited journals in Management, Business, and Business - Finance, alternative RAM, highlights the similarities and differences in alternative RAM criteria, finds that several ISI RAM capture similar performance characteristics for the most highly cited Economics, Management, Business and Business - Finance journals, determines that the Immediacy and PI-BETA scores are not highly correlated with the other ISI RAM, and hence conveys additional information regarding ISI RAM criteria. Harmonic mean rankings of the 12 RAM criteria for the most highly cited journals in the four categories are also presented. It was shown that emphasizing THE impact factor, specifically the 2-year impact factor, of a journal to the exclusion of other useful and illuminating RAM criteria, can lead to a distorted evaluation of journal performance and influence on the profession.
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Bibliographic InfoPaper provided by University of Canterbury, Department of Economics and Finance in its series Working Papers in Economics with number 10/43.
Length: 37 pages
Date of creation: 01 Jul 2010
Date of revision:
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Research assessment measures; impact factors; Immediacy; Eigenfactor; Article Influence; h-index; C3PO; Zinfluence; PI-BETA; STAR; IFI;
Other versions of this item:
- Chiaâ€Lin Chang & Michael McAleer & Les Oxley, 2011. "What Makes A Great Journal Great In Economics? The Singer Not The Song," Journal of Economic Surveys, Wiley Blackwell, Wiley Blackwell, vol. 25(2), pages 326-361, 04.
- Chang, C-L. & McAleer, M.J. & Oxley, L., 2010. "What Makes a Great Journal Great in Economics? The Singer Not the Song," Econometric Institute Research Papers EI 2010-45, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
- Chia-Lin Chang & Michael McAleer & Les Oxley, 2010. "What Makes a Great Journal Great in Economics? The Singer Not the Song," KIER Working Papers 706, Kyoto University, Institute of Economic Research.
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
- Z0 - Other Special Topics - - General
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Chia-Lin Chang & Michael McAleer & Les Oxley, 2011.
"Great Expectatrics: Great Papers, Great Journals, Great Econometrics,"
Econometric Reviews, Taylor & Francis Journals,
Taylor & Francis Journals, vol. 30(6), pages 583-619.
- Chia-Lin Chang & Michael McAleer & Les Oxley, 2010. "Great Expectatrics: Great Papers, Great Journals, Great Econometrics," Working Papers in Economics, University of Canterbury, Department of Economics and Finance 10/36, University of Canterbury, Department of Economics and Finance.
- Chia-Lin Chang & Michael McAleer & Les Oxley, 2010. "Great Expectatrics: Great Papers, Great Journals, Great Econometrics," KIER Working Papers 714, Kyoto University, Institute of Economic Research.
- Chia-Lin Chang & Michael McAleer & Les Oxley, 2011. "Great Expectatrics: Great Papers, Great Journals, Great Econometrics," Documentos de Trabajo del ICAE 2011-14, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- What makes a great journal in Economics?
by Economic Logician in Economic Logic on 2010-08-13 14:12:00
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