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World-Leading Research and its Measurement

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  • Oswald, Andrew J.

Abstract

Journalists and others have asked me whether the favourable RAE 2008 results for UK economics are believable. This is a fair question. It also opens up a broader and more important one: how can we design a bibliometric method to assess the quality (rather than merely quantity) of a nation’s science? To try to address this, I examine objective data on the world’s most influential economics articles. I find that the United Kingdom performed reasonably well over the 2001-2008 period. Of 450 genuinely world-leading journal articles, the UK produced 10% of them -- and was the source of the most-cited article in each of the Journal of Econometrics, the International Economic Review, the Journal of Public Economics, and the Rand Journal of Economics, and of the second most-cited article in the Journal of Health Economics. Interestingly, more than a quarter of these world-leading UK articles came from outside the best-known half-dozen departments. Thus the modern emphasis on ‘top’ departments and the idea that funding should be concentrated in a few places may be mistaken. Pluralism may help to foster iconoclastic ideas.

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  • Oswald, Andrew J., 2009. "World-Leading Research and its Measurement," Economic Research Papers 271312, University of Warwick - Department of Economics.
    • Handle: RePEc:ags:uwarer:271312
    DOI: 10.22004/ag.econ.271312
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    2. RosalindS. Hunter & Andrew J. Oswald & Bruce G. Charlton, 2009. "The Elite Brain Drain," Economic Journal, Royal Economic Society, vol. 119(538), pages 231-251, June.
    3. Rosalind S Hunter, 2009. "The Elite Brain Drain," Working Papers id:2048, eSocialSciences.

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