The Evaluation of Citation Distributions from an Economic Perspective
AbstractThe main aim of this paper is to demonstrate that a blend of welfare economics and statistical analysis is useful in the evaluation of the distribution of the citations received by scientific papers in the periodical literature. The paper begins by reviewing the connection between basic scientific quality and citation impact. Next, a summary of results about the citation distributions’ basic features is offered. These results indicate that citation distributions share the same shape, are highly skewed, are often crowned by a power law, and are at a certain bounded distance from each other. In light of this evidence, two normative issues are addressed. Firstly, a novel methodology for the evaluation of research units is illustrated by comparing the citation impact achieved by the U.S., the European Union, and the rest of the world in 22 scientific fields. Secondly, some preliminary thoughts about how to allocate a budget among a set of research fields with the purpose of promoting scientific excellence are included.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 8166.
Date of creation: Dec 2010
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Find related papers by JEL classification:
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- D60 - Microeconomics - - Welfare Economics - - - General
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
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