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Ranking Economics Departments In Terms Of Residual Productivity: New Zealand Economics Departments, 2000–2006

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  • DAVID L. ANDERSON
  • JOHN TRESSLER

Abstract

This paper utilizes a human-capital approach for ranking the research productivity of academic departments. Our approach provides rankings in terms of residual research output after controlling for the key characteristics of each department’s academic staff. More specifically, we estimate residual research output rankings for all of New Zealand’s economics departments based on their publication performance over the 2000 to 2006 period. We do so after taking into account the following characteristics of each department’s academic staff: gender, experience, seniority, academic credentials, and academic rank. The paper demonstrates that the rankings generated by the residual research approach and those generated by traditional approaches to research rankings may be significantly different for some departments. These differences are important in determining the likely efficiency impact of research assessment exercises.
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Suggested Citation

  • David L. Anderson & John Tressler, 2011. "Ranking Economics Departments In Terms Of Residual Productivity: New Zealand Economics Departments, 2000–2006," Australian Economic Papers, Wiley Blackwell, vol. 50(4), pages 157-168, December.
  • Handle: RePEc:bla:ausecp:v:50:y:2011:i:4:p:157-168
    DOI: j.1467-8454.2011.00418.x
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    File URL: http://hdl.handle.net/10.1111/j.1467-8454.2011.00418.x
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    References listed on IDEAS

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    1. Kodrzycki Yolanda K. & Yu Pingkang, 2006. "New Approaches to Ranking Economics Journals," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 5(1), pages 1-44, August.
    2. 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.
    3. John Gibson & John Tressler & David L. Anderson, 2008. "Do Research Assessment Exercises Raise the Returns to Publication Quality? Evidence from the New Zealand Market for Academic Economists," Working Papers in Economics 08/11, University of Waikato.
    4. McDonald, John F & Moffitt, Robert A, 1980. "The Uses of Tobit Analysis," The Review of Economics and Statistics, MIT Press, vol. 62(2), pages 318-321, May.
    5. William J. Moore & Robert J. Newman & Dek Terrell, 2007. "Academic Pay in the United Kingdom and the United States: The Differential Returns to Productivity and the Lifetime Earnings Gap," Southern Economic Journal, Southern Economic Association, vol. 73(3), pages 717-732, January.
    6. Ransom, Michael R, 1993. "Seniority and Monopsony in the Academic Labor Market," American Economic Review, American Economic Association, vol. 83(1), pages 221-233, March.
    7. David L. Anderson & John Tressler, 2008. "Research Output in New Zealand Economics Department 2000-2006," Working Papers in Economics 08/05, University of Waikato.
    8. Joseph Macri & Dipendra Sinha, 2006. "Rankings Methodology for International Comparisons of Institutions and Individuals: an Application to Economics in Australia and New Zealand," Journal of Economic Surveys, Wiley Blackwell, vol. 20(1), pages 111-156, February.
    9. 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.
    10. John Gibson, 2000. "Research productivity in New Zealand university economics departments: Comment and update," New Zealand Economic Papers, Taylor & Francis Journals, vol. 34(1), pages 73-87.
    11. David L. Anderson & John Tresler, 2008. "An Analysis of New Zealand Economists' Research Output 2000-2006," Working Papers in Economics 08/20, University of Waikato, revised 31 Dec 2008.
    12. Tom Coupé, 2003. "Revealed Performances: Worldwide Rankings of Economists and Economics Departments, 1990-2000," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1309-1345, December.
    13. Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 2001. "Reputational Capital and Academic Pay," Economic Inquiry, Western Economic Association International, vol. 39(4), pages 663-671, October.
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    Cited by:

    1. Derek Yu & Atoko Kasongo & Mariana Moses, 2016. "Examining the performance of the South African economics departments, 2005-2014," Working Papers 13/2016, Stellenbosch University, Department of Economics.

    More about this item

    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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