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External Influence as an Indicator of Scholarly Importance

Author

Listed:
  • Ho Fai Chan

    (Queensland Behavioural Economics Group (QuBE), School of Economics and Finance, Queensland University of Technology)

  • Bruno S. Frey

    (Warwick Business School, University of Warwick and Department of Economics, Zeppelin University and CREMA)

  • Jana Gallus

    (Department of Economics, University of Zurich)

  • Markus Schaffner

    (Queensland Behavioural Economics Group (QuBE), School of Economics and Finance, Queensland University of Technology)

  • Benno Torgler

    (Queensland Behavioural Economics Group (QuBE), School of Economics and Finance, Queensland University of Technology, and EBS Business School, ISBS, EBS Universität für Wirtschaft and CREMA)

  • Stephen Whyte

    (Queensland Behavioural Economics Group (QuBE), School of Economics and Finance, Queensland University of Technology)

Abstract

The external influence of scholarly activity has to date been measured primarily in terms of publications and citations, metrics that also dominate the promotion and grant processes. Yet the array of scholarly activities visible to the outside world are far more extensive and recently developed technologies allow broader and more accurate measurement of their influence on the wider societal discourse. Accordingly we analyze the relation between the internal and external influences of 723 top economics scholars using the number of pages indexed by Google and Bing as a measure of their external influence. Although the correlation between internal and external influence is low overall, it is highest among recipients of major key awards such as the Nobel Prize or John Bates Clark medal, and particularly strong for those ranked among the top 100 researchers.

Suggested Citation

  • Ho Fai Chan & Bruno S. Frey & Jana Gallus & Markus Schaffner & Benno Torgler & Stephen Whyte, 2013. "External Influence as an Indicator of Scholarly Importance," Working Papers 2013.87, Fondazione Eni Enrico Mattei.
  • Handle: RePEc:fem:femwpa:2013.87
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    References listed on IDEAS

    as
    1. Ho Fai Chan & Benno Torgler, 2012. "Econometric Fellows and Nobel Laureates in Economics," Economics Bulletin, AccessEcon, vol. 32(4), pages 3365-3377.
    2. Bruno S. Frey & Jana Gallus, 2014. "Awards are a Special Kind of Signal," CREMA Working Paper Series 2014-04, Center for Research in Economics, Management and the Arts (CREMA).
    3. Hall, B. & Jaffe, A. & Trajtenberg, M., 2001. "The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools," Papers 2001-29, Tel Aviv.
    4. Ho Fai Chan & Benno Torgler, 2013. "The Implications of Educational and Methodological Background for The Career Success of Nobel Laureates: Looking at Major Awards," CREMA Working Paper Series 2013-13, Center for Research in Economics, Management and the Arts (CREMA).
    5. Kearl, J R, et al, 1979. "A Confusion of Economists?," American Economic Review, American Economic Association, vol. 69(2), pages 28-37, May.
    6. Friedman, Milton, 1972. "Have Monetary Policies Failed?," American Economic Review, American Economic Association, vol. 62(2), pages 11-18, May.
    7. Frey, Bruno S, et al, 1984. "Consensus and Dissension among Economists: An Empirical Inquiry," American Economic Review, American Economic Association, vol. 74(5), pages 986-994, December.
    8. Alston, Richard M & Kearl, J R & Vaughan, Michael B, 1992. "Is There a Consensus among Economists in the 1990's?," American Economic Review, American Economic Association, vol. 82(2), pages 203-209, May.
    9. Qiang Wu, 2010. "The w-index: A measure to assess scientific impact by focusing on widely cited papers," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 61(3), pages 609-614, March.
    10. Lawrence H. Summers, 2000. "International Financial Crises: Causes, Prevention, and Cures," American Economic Review, American Economic Association, pages 1-16.
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    Cited by:

    1. repec:spr:scient:v:104:y:2015:i:1:d:10.1007_s11192-015-1581-y is not listed on IDEAS
    2. repec:spr:scient:v:101:y:2014:i:1:d:10.1007_s11192-014-1379-3 is not listed on IDEAS
    3. Elisabeth Maria Schlagberger & Lutz Bornmann & Johann Bauer, 2016. "At what institutions did Nobel laureates do their prize-winning work? An analysis of biographical information on Nobel laureates from 1994 to 2014," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(2), pages 723-767, November.
    4. Zhenbin Yan & Qiang Wu & Xingchen Li, 2016. "Do Hirsch-type indices behave the same in assessing single publications? An empirical study of 29 bibliometric indicators," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(3), pages 1815-1833, December.

    More about this item

    Keywords

    Academia; Scholarly Importance; Role of Economics; Social Importance of Economists; External and Internal Influence; Academic Performance; Awards;

    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
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy
    • Z19 - Other Special Topics - - Cultural Economics - - - Other

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