The Merits of Using Citation-Based Journal Weighting Schemes to Measure Research Performance in Economics: The Case of New Zealand
AbstractIn this study we test various citation-based journal weighting schemes, especially those based on the Liebowitz and Palmer methodology, as to their suitability for use in a nation- wide research funding model. Using data generated by New Zealand’s academic economists, we compare the performance of departments, and individuals, under each of our selected schemes; and we then proceed to contrast these results with those generated by direct citation counts. Our findings suggest that if all citations are deemed to be of equal value, then schemes based on the Liebowitz and Palmer methodology yield problematic outcomes. We also demonstrate that even between weighting schemes based on a common methodology, major differences are found to exist in departmental and individual outcomes.
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Bibliographic InfoPaper provided by University of Waikato, Department of Economics in its series Working Papers in Economics with number 10/03.
Length: 25 pages
Date of creation: 13 May 2010
Date of revision:
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economics departments; research output; citations; impact factors;
Find related papers by JEL classification:
- A19 - General Economics and Teaching - - General Economics - - - Other
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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