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The Intellectual Influence of Economic Journals: Quality versus Quantity

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  • Kóczy László
  • Nichifor Alexandru

    (METEOR)

Abstract

The evaluation of scienti fic output has a key role in the allocation of research funds andacademic positions. Decisions are often based on quality indicators for academic journals and overthe years a handful of scoring methods have been proposed for this purpose. Discussing the mostprominent methods (de facto standards) we show that they do not distinguish quality from quantityat article level. The systematic bias we fi nd is analytically tractable and implies that themethods are manipulable. We introduce modi fied methods that correct for this bias, and use themto provide rankings of economic journals. Our methodology is transparent; our results are replicable.

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Bibliographic Info

Paper provided by Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR) in its series Research Memorandum with number 025.

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Date of creation: 2012
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Handle: RePEc:unm:umamet:2012025

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Keywords: mathematical economics;

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References

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  1. 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.
  2. Christian Zimmermann, 2013. "Academic Rankings with RePEc," Econometrics, MDPI, Open Access Journal, vol. 1(3), pages 249-280, December.
  3. 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.
  4. Ignacio Palacios-Huerta & Oscar Volij, 2004. "The Measurement of Intellectual Influence," Econometrica, Econometric Society, vol. 72(3), pages 963-977, 05.
  5. Donald Campbell & Jerry Kelly, 2009. "Gains from manipulating social choice rules," Economic Theory, Springer, vol. 40(3), pages 349-371, September.
  6. 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.
  7. 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.
  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. Sobel, Joel, 2000. "Economists' Models of Learning," Journal of Economic Theory, Elsevier, vol. 94(2), pages 241-261, October.
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RePEc Biblio mentions

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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