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A Suggested Method for the Measurement of World-Leading Research (Illustrated with Data on Economics)

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Author Info
Oswald, Andrew J. () (University of Warwick)

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Abstract

Countries often spend billions on university research. There is growing interest in how to assess whether that money is well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a method, and illustrate it with modern data on economics. Of 450 genuinely world-leading journal articles, the UK produced 10%, and the rest of Europe slightly more. Interestingly, more than a quarter of these elite UK articles came from outside the best-known university departments. The proposed methodology could be applied to almost any academic discipline or nation.

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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4313.

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Date of creation: Jul 2009
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Publication status: forthcoming in: Scientometrics
Handle: RePEc:iza:izadps:dp4313

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Related research
Keywords: Research Excellence Framework (REF); peer-review; United Kingdom; European economics; evaluation; science; citations; Research Assessment Exercise (RAE);

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Find related papers by JEL classification:
A1 - General Economics and Teaching - - General Economics
O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy

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References listed on IDEAS
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.:
  1. Stephen Wu, 2007. "Recent publishing trends at the AER, JPE and QJE," Applied Economics Letters, Taylor and Francis Journals, vol. 14(1), pages 59-63, January. [Downloadable!] (restricted)
  2. Andrew J. Oswald, 2007. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers," Economica, London School of Economics and Political Science, vol. 74(293), pages 21-31, 02. [Downloadable!] (restricted)
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  3. DREZE, Jacques & ESTEVAN, Fernanda, 2006. "Research and higher education in economics: can we deliver the Lisbon objectives ?," CORE Discussion Papers 2006051, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
  4. 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. [Downloadable!] (restricted)
  5. Machin, Stephen & Oswald, Andrew, 2000. "UK Economics and the Future Supply of Academic Economists," Economic Journal, Royal Economic Society, vol. 110(464), pages F334-49, June. [Downloadable!] (restricted)
  6. Nicholas Vasilakos & Gauthier Lanot & Tim Worrall, 2007. "Evaluating the Performance of UK Research in Economics," Keele Economics Research Papers KERP 2007/10, Centre for Economic Research, Keele University. [Downloadable!]
  7. Brazier, John & Roberts, Jennifer & Deverill, Mark, 2002. "The estimation of a preference-based measure of health from the SF-36," Journal of Health Economics, Elsevier, vol. 21(2), pages 271-292, March. [Downloadable!] (restricted)
  8. Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003. "Testing for unit roots in heterogeneous panels," Journal of Econometrics, Elsevier, vol. 115(1), pages 53-74, July. [Downloadable!] (restricted)
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  9. Daniel S. Hamermesh & Peter Schmidt, 2003. "The Determinants of Econometric Society Fellows Elections," Econometrica, Econometric Society, vol. 71(1), pages 399-407, January. [Downloadable!] (restricted)
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