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New approaches to ranking economics journals

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  • Yolanda K. Kodrzycki
  • Pingkang David Yu

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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Bibliographic Info

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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References

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  1. 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.
  2. Nancy Shulock, 1999. "The paradox of policy analysis: If it is not used, why do we produce so much of it?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 18(2), pages 226-244.
  3. 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.
  4. 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.
  5. Richard Dusansky & Clayton J. Vernon, 1998. "Rankings of U.S. Economics Departments," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 157-170, Winter.
  6. Gaines H. Liner, 2002. "Core Journals in Economics," Economic Inquiry, Western Economic Association International, vol. 40(1), pages 138-145, January.
  7. 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.
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Citations

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Cited by:
  1. Yong Bao & Melody Lo & Franklin G. Mixon, 2010. "General-interest versus specialty journals: Using intellectual influence of econometrics research to rank economics journals and articles," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(2), pages 345-353.
  2. Ana Rute Cardoso & Paulo Guimar�es & Klaus F. Zimmermann, 2010. "Trends in Economic Research: An International Perspective," Kyklos, Wiley Blackwell, vol. 63(4), pages 479-494, November.
  3. 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.
  4. Ben-David, Dan, 2008. "Ranking Israel's Economists," CEPR Discussion Papers 6935, C.E.P.R. Discussion Papers.
  5. Howard J. Wall, 2009. "Journal rankings in economics: handle with care," Working Papers 2009-014, Federal Reserve Bank of St. Louis.
  6. J Taylor & I Walker, 2009. "Peer assessment of research: how many publications per staff?," Working Papers 603570, Lancaster University Management School, Economics Department.
  7. Sergio Da Silva, 2009. "Going parochial in the assessment of the Brazilian economics research output," Economics Bulletin, AccessEcon, vol. 29(4), pages 2832-2852.
  8. Peter Boone & Alex Eble & Diana Elbourne, 2013. "Risk and Evidence of Bias in Randomized Controlled Trials in Economics," CEP Discussion Papers dp1240, Centre for Economic Performance, LSE.
  9. David L. Anderson & John Tressler, 2009. "The Excellence in Research for Australia Scheme: An Evaluation of the Draft Journal Weights for Economics," Working Papers in Economics 09/07, University of Waikato, Department of Economics.

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