How Should Research Performance Be Measured? A Study of Swedish Economists
AbstractBillions of euros are allocated every year to university research. Increased specialisation and international integration of research and researchers has sharply raised the need for comparisons of performance across fields, institutions and individual researchers. However, there is still no consensus regarding how such rankings should be conducted and what output measures are appropriate to use. We rank all full professors in a particular discipline, economics, in one European nation using seven established, and some of them commonly used, measures of research performance. Our examination shows both that the rank order can vary greatly across measures, and that depending on the measure used the distribution of total research out-put is valued very differently. The renowned KMS measure in economics stands out among the measures analysed here. It exhibits the weakest correlation with the others used in our study. We conclude by giving advice to funding councils and others assessing research quality on how to think about the use of both quantitative and qualitative measures of performance.
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Bibliographic InfoPaper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 693.
Length: 29 pages
Date of creation: 04 Mar 2008
Date of revision:
Publication status: Published as Henrekson, Magnus and Daniel Waldenström, 'How Should Research Performance Be Measured? A Study of Swedish Economists' in The Manchester School, 2011, pages 1139-1156.
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More information through EDIRC
Impact of research; Ranking; Research productivity; Bibliometrics; Impact Factor;
Other versions of this item:
- Magnus Henrekson & Daniel Waldenström, 2011. "How Should Research Performance Be Measured? A Study Of Swedish Economists," Manchester School, University of Manchester, vol. 79(6), pages 1139-1156, December.
- Henrekson, Magnus & Waldenström, Daniel, 2007. "How Should Research Performance be Measured? A Study of Swedish Economists," Working Paper Series 712, Research Institute of Industrial Economics, revised 08 Nov 2007.
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-03-08 (All new papers)
- NEP-EDU-2008-03-08 (Education)
- NEP-EFF-2008-03-08 (Efficiency & Productivity)
- NEP-HRM-2008-03-08 (Human Capital & Human Resource Management)
- NEP-IPR-2008-03-08 (Intellectual Property Rights)
- NEP-SOG-2008-03-08 (Sociology of Economics)
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.:
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CORE Discussion Papers
2003050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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Discussion Papers in Economics
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RePEc Biblio mentionsAs found on the RePEc Biblio, the curated bibliography for Economics:
- > Economics Profession > Ranking in Economics
- > Economics Profession > Ranking in Economics > Ranking Methodology
- > Economics Profession > Ranking in Economics > Ranking Economists
- Gianfranco Di Vaio & Daniel Waldenström & Jacob Weisdorf, 2011.
"Citation Success: Evidence from Economic History Journal Publications,"
0017, Utrecht University, Centre for Global Economic History.
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- Gianfranco Di Vaio & Daniel Waldenström & Jacob Weisdorf, 2009. "Citation Success: Evidence from Economic History Journal Publications," Discussion Papers 10-01, University of Copenhagen. Department of Economics.
- Waldenström, Daniel & Di Vaio, Gianfranco & Weisdorf, Jacob, 2010. "Citation Success: Evidence from Economic History Journal Publications," Working Paper Series 819, Research Institute of Industrial Economics, revised 20 Oct 2010.
- David L. Anderson & John Tressler, 2011. "The Merits of Using Citations to Measure Research Output in Economics Departments: The New Zealand Case," Working Papers in Economics 11/11, University of Waikato, Department of Economics.
- repec:eso:journl:v:38:y:2007:i:3:p:289-322 is not listed on IDEAS
- Matthias Meyer & Rüdiger W. Waldkirch & Michael A. Zaggl, 2012. "Relative Performance Measurement of Researchers: The Impact of Data Source Selection," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 64(4), pages 308-330, October.
- David L. Anderson & John Tressler, 2010. "The Merits of Using Citation-Based Journal Weighting Schemes to Measure Research Performance in Economics: The Case of New Zealand," Working Papers in Economics 10/03, University of Waikato, Department of Economics.
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