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The Intellectual Influence of Economic Journals: Quality versus Quantity

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  • Laszlo A. Koczy

    ()
    (Institute of Economics Research Centre for Economic and Regional Studies Hungarian Academy of Sciences)

  • Alexandru Nichifor

    ()
    (School of Economics and Finance, Castlecliffe, The Scores, University of St Andrews, UK)

Abstract

The evaluation of scientific output has a key role in the allocation of research funds and academic positions. Decisions are often based on quality indicators for academic journals and over the years a handful of scoring methods have been proposed for this purpose. Discussing the most prominent methods (de facto standards) we show that they do not distinguish quality from quantity at article level. The systematic bias we find is analytically tractable and implies that the methods are manipulable. We introduce modified methods that correct for this bias, and use them to provide rankings of economic journals. Our methodology is transparent; our results are replicable.

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Bibliographic Info

Paper provided by Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences in its series IEHAS Discussion Papers with number 1215.

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Length: 29 pages
Date of creation: Mar 2012
Date of revision:
Handle: RePEc:has:discpr:1215

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Related research

Keywords: Modified invariant method; Invariance to article-splitting; Influence of economic journals; Impact factor; LP method; Invariant method;

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References

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  1. Pantelis Kalaitzidakis & Theofanis P Mamuneas & Thanasis Stengos, 2001. "Rankings of Academic Journals and Institutions in Economics," Discussion Papers in Economics 01/8, Department of Economics, University of Leicester.
  2. Christian Zimmermann, 2013. "Academic Rankings with RePEc," Econometrics, MDPI, Open Access Journal, vol. 1(3), pages 249-280, December.
  3. Ignacio Palacios-Huerta & Oscar Volij, 2002. "The Measurement of Intellectual Influence," Economic theory and game theory 015, Oscar Volij.
  4. Sobel, Joel, 2000. "Economists' Models of Learning," Journal of Economic Theory, Elsevier, vol. 94(2), pages 241-261, October.
  5. Kalaitzidakis, P. & Mamuneas, T.P. & Stengos, T., 2003. "Rankings of Academic Journals and Institutions," Working Papers 2003-8, University of Guelph, Department of Economics and Finance.
  6. Donald Campbell & Jerry Kelly, 2009. "Gains from manipulating social choice rules," Economic Theory, Springer, vol. 40(3), pages 349-371, September.
  7. 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.
  8. Pierre-Philippe Combes & Laurent Linnemer, 2003. "Where are the Economists Who Publish? Publication Concentration and Rankings in Europe Based on Cumulative Publications," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1250-1308, December.
  9. J. Peter Neary & James A. Mirrlees & Jean Tirole, 2003. "Evaluating Economics Research in Europe: An Introduction," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1239-1249, December.
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As found on the RePEc Biblio, the curated bibliography for Economics:
  1. > Economics Profession > Ranking in Economics > Ranking Journals

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  1. Rankings of Economists, Economics Departments and Economics Journals

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