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How Should Research Performance Be Measured? A Study of Swedish Economists

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Author Info

  • Henrekson, Magnus

    ()
    (Dept. of Economics, Stockholm School of Economics)

  • Waldenström, Daniel

    ()
    (Research Institute of Industrial Economics (IFN))

Abstract

Billions 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 Info

Paper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 693.

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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.
Handle: RePEc:hhs:hastef:0693

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Postal: The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden
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Related research

Keywords: Impact of research; Ranking; Research productivity; Bibliometrics; Impact Factor;

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References

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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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  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. BAUWENS, Luc & KIRMAN, Alan & LUBRANO, Michel & PROTOPOPESCU, Camelia, . "Ranking economics departments in Europe: a statistical approach," CORE Discussion Papers RP -1694, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. 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.
  4. David N. Laband & Robert D. Tollison, 2003. "Dry Holes in Economic Research," Kyklos, Wiley Blackwell, vol. 56(2), pages 161-173, 05.
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Citations

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography for Economics:
  1. > Economics Profession > Ranking in Economics
  2. > Economics Profession > Ranking in Economics > Ranking Methodology
  3. > Economics Profession > Ranking in Economics > Ranking Economists
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Cited by:
  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.
  2. 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.
  3. 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.
  4. 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.
  5. 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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  1. Rankings of Economists, Economics Departments and Economics Journals

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