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

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  • MAGNUS HENREKSON
  • DANIEL WALDENSTRÖM

Abstract

Billions of dollars 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 country using seven established, and some of them commonly used, meas-ures 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 output is valued very differently.
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Suggested Citation

  • Magnus Henrekson & Daniel Waldenström, 2011. "How Should Research Performance Be Measured? A Study Of Swedish Economists," Manchester School, University of Manchester, vol. 79(6), pages 1139-1156, December.
    • Handle: RePEc:bla:manchs:v:79:y:2011:i:6:p:1139-1156
    DOI: j.1467-9957.2010.02216.x
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    Cited by:

    1. Ho Fai Chan & Bruno S. Frey & Jana Gallus & Markus Schaffner & Benno Torgler & Stephen Whyte, 2014. "Do the best scholars attract the highest speaking fees? An exploration of internal and external influence," Scientometrics, Springer;Akadémiai Kiadó, vol. 101(1), pages 793-817, October.
    2. David L. Anderson & John Tressler, 2013. "The Relevance of the “h-” and “g-” Index to Economics in the Context of A Nation-Wide Research Evaluation Scheme: The New Zealand Case," Economic Papers, The Economic Society of Australia, vol. 32(1), pages 81-94, March.
    3. Weilong Bi & Ho Fai Chan & Benno Torgler, 2019. "Self-esteem, self-symbolizing, and academic recognition: behavioral evidence from curricula vitae," Scientometrics, Springer;Akadémiai Kiadó, vol. 119(1), pages 495-525, April.
    4. 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.
    5. Müller, Harry, 2012. "Die Zitationshäufigkeit als Qualitätsindikator im Rahmen der Forschungsleistungsmessung," Discussion Papers of the Institute for Organisational Economics 1/2012, University of Münster, Institute for Organisational Economics.
    6. Jelnov, Pavel & Weiss, Yoram, 2022. "Influence in economics and aging," Labour Economics, Elsevier, vol. 77(C).
    7. Raquel Carrasco & Javier Ruiz-Castillo, 2014. "The Evolution Of The Scientific Productivity Of Highly Productive Economists," Economic Inquiry, Western Economic Association International, vol. 52(1), pages 1-16, January.
    8. Rosalind S Hunter, 2009. "The Elite Brain Drain," Working Papers id:2048, eSocialSciences.
    9. Seiler, Christian & Wohlrabe, Klaus, 2012. "Ranking economists on the basis of many indicators: An alternative approach using RePEc data," Journal of Informetrics, Elsevier, vol. 6(3), pages 389-402.
    10. Di Vaio, Gianfranco & Waldenström, Daniel & Weisdorf, Jacob, 2012. "Citation success: Evidence from economic history journal publications," Explorations in Economic History, Elsevier, vol. 49(1), pages 92-104.
    11. Seyed Reza Mirnezami & Catherine Beaudry, 2016. "The effect of holding a research chair on scientists’ productivity," Scientometrics, Springer;Akadémiai Kiadó, vol. 107(2), pages 399-454, May.
    12. 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.
    13. John Tressler & David L. Anderson, 2012. "Citations as a Measure of the Research Outputs of New Zealand's Economics Departments: The Problem of 'Long and Variable Lags'," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 19(1), pages 17-40.
    14. Simon Ek & Magnus Henrekson, 2019. "The Geography and Concentration of Authorship in the Top Five: Implications For European Economics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 66(2), pages 215-245, May.
    15. 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.
    16. Stelios Katranidis & Theodore Panagiotidis & Costas Zontanos, 2014. "An Evaluation Of The Greek Universities’ Economics Departments," Bulletin of Economic Research, Wiley Blackwell, vol. 66(2), pages 173-182, April.
    17. Johansson, Dan & Karlsson, Johan & Malm, Arvid, 2020. "Family business—A missing link in economics?," Journal of Family Business Strategy, Elsevier, vol. 11(1).
    18. 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.
    19. Klaus Beckmann & Andrea Schneider, 2013. "The interaction of publications and appointments: new evidence on academic economists in Germany," Education Economics, Taylor & Francis Journals, vol. 21(4), pages 415-430, September.
    20. Magnus Henrekson & Lars Jonung & Mats Lundahl, 2025. "Not just the top five journals: A recipe for European economists," Economic Affairs, Wiley Blackwell, vol. 45(1), pages 123-131, February.
    21. John Gibson, 2021. "The micro‐geography of academic research: How distinctive is economics?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(4), pages 467-484, September.

    More about this item

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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