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New approaches to ranking economics journals

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Author Info
Yolanda K. Kodrzycki
Pingkang David Yu

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Abstract

This study develops a flexible, citations-adjusted ranking technique that allows a specified set of journals to be evaluated using a wide range of alternative criteria. As a result, the set of evaluated journals is not constrained to be identical to the set of evaluating journals. We also draw a critical distinction between the influence of a journal and the influence of a journal article, with the latter concept arguably being more relevant for potential contributors and those who evaluate research productivity. The list of top economics journals changes noticeably when one examines citations in the social science and policy literatures, and when one measures citations, either within or outside economics, on a per-article basis rather than in total. The changes in rankings are due to the relatively broad interest in applied microeconomics and economic development, to differences in the relative importance that different literatures assign to theoretical and empirical contributions, and to the lack of a systematic effect of journal size on average influence per article. As a related observation on interdisciplinary communications, we confirm other researchers’ conclusions that economics is more self-contained than almost any other social science discipline, while finding, nevertheless, that economics draws knowledge from a range of other disciplines.

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Paper provided by Federal Reserve Bank of Boston in its series Working Papers with number 05-12.

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Date of creation: 2005
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Handle: RePEc:fip:fedbwp:05-12

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Keywords: Economics literature;

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This paper has been announced in the following NEP Reports: This item is featured on the following reading lists:
  1. Rankings of Economists, Economics Departments and Economics Journals
References listed on IDEAS
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.:
  1. Rik Pieters & Hans Baumgartner, 2002. "Who Talks to Whom? Intra- and Interdisciplinary Communication of Economics Journals," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 483-509, June.
  2. Gaines Liner & Minesh Amin, 2004. "Methods of ranking economics journals," Atlantic Economic Journal, International Atlantic Economic Society, vol. 32(2), pages 140-149, June. [Downloadable!] (restricted)
  3. Gaines H. Liner, 2002. "Core Journals in Economics," Economic Inquiry, Oxford University Press, vol. 40(1), pages 138-145, January.
  4. Summers, Lawrence H, 1985. " On Economics and Finance," Journal of Finance, American Finance Association, vol. 40(3), pages 633-35, July. [Downloadable!] (restricted)
  5. Oltheten, Elisabeth & Theoharakis, Vasilis & Travlos, Nickolaos G., 2005. "Faculty Perceptions and Readership Patterns of Finance Journals: A Global View," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 40(01), pages 223-239, March. [Downloadable!]
  6. Duncan MacRae & Irwin Feller, 1998. "The Structure of and Prospects for Policy Research as Suggested by Journal Citation Analysis," Review of Policy Research, Policy Studies Organization, vol. 15(1), pages 115-135, 03. [Downloadable!] (restricted)
  7. Dusansky, Richard & Vernon, Clayton J, 1998. "Rankings of U.S. Economics Departments," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 157-70, Winter. [Downloadable!] (restricted)
  8. Pantelis Kalaitzidakis & Theofanis P. Mamuneas & Thanasis Stengos, 2003. "Rankings of Academic Journals and Institutions in Economics," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1346-1366, December. [Downloadable!] (restricted)
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  9. Liebowitz, S J & Palmer, J P, 1984. "Assessing the Relative Impacts of Economic Journals," Journal of Economic Literature, American Economic Association, vol. 22(1), pages 77-88, March. [Downloadable!] (restricted)
  10. Ignacio Palacios-Huerta & Oscar Volij, 2004. "The Measurement of Intellectual Influence," Econometrica, Econometric Society, vol. 72(3), pages 963-977, 05. [Downloadable!] (restricted)
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Full references

Cited by:
(explanations, 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.)

  1. Frances P. Ruane & Richard S.J. Tol, 2007. "Centres of Research Excellence in Economics in the Republic of Ireland," The Economic and Social Review, Economic and Social Studies, vol. 38(3), pages 289–322. [Downloadable!]
    Other versions:
  2. Rousseau Sandra, 2007. "Journal Evaluation by Environmental and Resource Economists: A Survey," Energy, Transport and Environment Working Papers Series ete0705, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment. [Downloadable!]
  3. Caruso, Raul & Campiglio, Luigi, 2007. "Where Economics Has Been Headed? Multiple Identities And Diversity In Economic Literature Evidence From Top Journals Over The Period 2000-2006 A First Note," MPRA Paper 6797, University Library of Munich, Germany, revised Jan 2008. [Downloadable!]
    Other versions:
  4. David L. Anderson & John Tressler, 2009. "Ranking Economics Departments in Terms of Residual Productivity: New Zealand Economics Departments, 2000-2006," Working Papers in Economics 09/03, University of Waikato, Department of Economics. [Downloadable!]
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