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The Intellectual Influence of Economic Journals: Quality versus Quantity

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  • L szl¢ A. K¢czy

    () (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)

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    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, 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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    1. 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.
    2. 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.
    3. Kalaitzidakis, P. & Mamuneas, T.P. & Stengos, T., 2003. "Rankings of Academic Journals and Institutions," Working Papers 2003-8, University of Guelph, Department of Economics.
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