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The Impact of Journal Weighting Scheme Characteristics on Research Output Measurement in Economics: The New Zealand Case

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  • David L. Anderson
  • John Tressler

Abstract

In this study we test for the ‘power’ or aggressiveness of various journal weighting schemes, especially those based on the recursive adjustment methodology first developed by Liebowitz and Palmer. Using data generated by New Zealand’s academic economists, we provide quantitative measures of the differences between recursive adjustment-based schemes and selected alternatives. We then compare the performance of economics departments under each of our journal weighting schemes and, for comparison purposes, one based on direct citation counts. We find departmental rankings based on selected recursive adjustment schemes to be relatively stable, but these rankings differed substantially from those generated by our alternative schemes. This suggests that departmental hiring practices and research strategies must be sensitive to the type of funding scheme employed. In particular, research on domestic and regional issues is likely to be unattractive to researchers if a high-powered journal weighting scheme is adopted as the “official” standard since regional journals, the natural outlet for such work, are frequently zero-weighted by such schemes.

Suggested Citation

  • David L. Anderson & John Tressler, 2012. "The Impact of Journal Weighting Scheme Characteristics on Research Output Measurement in Economics: The New Zealand Case," Review of Economics and Institutions, Università di Perugia, vol. 3(3).
  • Handle: RePEc:pia:review:v:3:y:2012:i:3:n:4
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    More about this item

    Keywords

    Economics Departments; Research Output; Research Assessment Measures; Citations; Impact factors;

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • 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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