IDEAS home Printed from https://ideas.repec.org/p/ems/eureir/105877.html
   My bibliography  Save this paper

Pros and Cons of the Impact Factor in a Rapidly Changing Digital World

Author

Listed:
  • McAleer, M.J.
  • Oláh, J.
  • Popp, J.

Abstract

The purpose of the paper is to present arguments for and against the use of the Impact Factor (IF) in a rapidly changing digital world. The paper discusses the calculation of IF, as well as the pros and cons of IF. Editorial policies that affect IF are examined, and the merits of open access online publishing are presented. Scientific quality and the IF dilemma are analysed, and alternative measures of impact and quality are evaluated. The San Francisco declaration on research assessment is also discussed.

Suggested Citation

  • McAleer, M.J. & Oláh, J. & Popp, J., 2018. "Pros and Cons of the Impact Factor in a Rapidly Changing Digital World," Econometric Institute Research Papers EI2018-11, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
  • Handle: RePEc:ems:eureir:105877
    as

    Download full text from publisher

    File URL: https://repub.eur.nl/pub/105877/EI2018-11.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    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. Chia-Lin Chang & Michael McAleer & Les Oxley, 2011. "Great Expectatrics: Great Papers, Great Journals, Great Econometrics," Econometric Reviews, Taylor & Francis Journals, vol. 30(6), pages 583-619.
    3. Chia-Lin Chang & Esfandiar Maasoumi & Michael McAleer, 2016. "Robust Ranking of Journal Quality: An Application to Economics," Econometric Reviews, Taylor & Francis Journals, vol. 35(1), pages 50-97, January.
    4. Chia-Lin Chang & Michael McAleer, 2015. "Bibliometric Rankings of Journals Based on the Thomson Reuters Citations Database," Journal of Reviews on Global Economics, Lifescience Global, vol. 4, pages 120-125.
    5. Chang, Chia-Lin & McAleer, Michael & Oxley, Les, 2013. "Coercive journal self citations, impact factor, Journal Influence and Article Influence," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 93(C), pages 190-197.
    6. Ignacio Palacios-Huerta & Oscar Volij, 2004. "The Measurement of Intellectual Influence," Econometrica, Econometric Society, vol. 72(3), pages 963-977, May.
    7. George A. Lozano & Vincent Larivière & Yves Gingras, 2012. "The weakening relationship between the impact factor and papers' citations in the digital age," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 63(11), pages 2140-2145, November.
    8. Vincent Larivière & Yves Gingras, 2010. "The impact factor's Matthew Effect: A natural experiment in bibliometrics," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 61(2), pages 424-427, February.
    9. Liebowitz, S J & Palmer, J P, 1984. "Assessing the Relative Impacts of Economic Journals," Journal of Economic Literature, American Economic Association, vol. 22(1), pages 77-88, March.
    10. Waltman, Ludo & van Eck, Nees Jan & van Leeuwen, Thed N. & Visser, Martijn S., 2013. "Some modifications to the SNIP journal impact indicator," Journal of Informetrics, Elsevier, vol. 7(2), pages 272-285.
    11. Éric Archambault & Vincent Larivière, 2009. "History of the journal impact factor: Contingencies and consequences," Scientometrics, Springer;Akadémiai Kiadó, vol. 79(3), pages 635-649, June.
    12. Lutz Bornmann & Irina Nast & Hans-Dieter Daniel, 2008. "Do editors and referees look for signs of scientific misconduct when reviewing manuscripts? A quantitative content analysis of studies that examined review criteria and reasons for accepting and rejec," Scientometrics, Springer;Akadémiai Kiadó, vol. 77(3), pages 415-432, December.
    13. David N. Laband, 1990. "Is There Value-Added from the Review Process in Economics?: Preliminary Evidence from Authors," The Quarterly Journal of Economics, Oxford University Press, vol. 105(2), pages 341-352.
    14. Jeacle, Ingrid & Carter, Chris, 2011. "In TripAdvisor we trust: Rankings, calculative regimes and abstract systems," Accounting, Organizations and Society, Elsevier, vol. 36(4), pages 293-309.
    15. Erjen Van Nierop, 2009. "Why do statistics journals have low impact factors?," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 63(1), pages 52-62, February.
    16. Ludo Waltman & Nees Jan Eck, 2013. "Source normalized indicators of citation impact: an overview of different approaches and an empirical comparison," Scientometrics, Springer;Akadémiai Kiadó, vol. 96(3), pages 699-716, September.
    17. Jerome K. Vanclay, 2012. "Impact factor: outdated artefact or stepping-stone to journal certification?," Scientometrics, Springer;Akadémiai Kiadó, vol. 92(2), pages 211-238, August.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Impact Factor; Quality of research; Pros and Cons; Implications; Digital world; Editorial policies; Open access online publishing; SCIE; SSCI;

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ems:eureir:105877. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RePub). General contact details of provider: http://edirc.repec.org/data/feeurnl.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.