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A Suggested Method for the Measurement of World-Leading Research (Illustrated with Data on Economics)

  • Oswald, Andrew J.

    ()

    (University of Warwick)

Countries often spend billions on university research. There is growing interest in how to assess whether that money is well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a method, and illustrate it with modern data on economics. Of 450 genuinely world-leading journal articles, the UK produced 10%, and the rest of Europe slightly more. Interestingly, more than a quarter of these elite UK articles came from outside the best-known university departments. The proposed methodology could be applied to almost any academic discipline or nation.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4313.

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Length: 22 pages
Date of creation: Jul 2009
Date of revision:
Publication status: published in: Scientometrics, 2010, 84 (1), 99 - 113
Handle: RePEc:iza:izadps:dp4313
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  1. Cardoso, Ana Rute & Guimaraes, Paulo & Zimmermann, Klaus F, 2009. "Comparing the Early Research Performance of PhD Graduates in Labour Economics in Europe and the USA," CEPR Discussion Papers 7129, C.E.P.R. Discussion Papers.
  2. DREZE, Jacques & ESTEVAN, Fernanda, 2006. "Research and higher education in economics: can we deliver the Lisbon objectives ?," CORE Discussion Papers 2006051, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003. "Testing for unit roots in heterogeneous panels," Journal of Econometrics, Elsevier, vol. 115(1), pages 53-74, July.
  4. Scott Smart & Joel Waldfogel, 1996. "A Citation-Based Test for Discrimination at Economics and Finance Journals," NBER Working Papers 5460, National Bureau of Economic Research, Inc.
  5. Oswald, Andrew J., 2006. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-makers," The Warwick Economics Research Paper Series (TWERPS) 744, University of Warwick, Department of Economics.
  6. Amanda H Goodall, 2005. "Should Research Universities be Led by Top Researchers? Part 1: Are they?," HEW 0506003, EconWPA.
  7. Stephen Wu, 2007. "Recent publishing trends at the AER, JPE and QJE," Applied Economics Letters, Taylor & Francis Journals, vol. 14(1), pages 59-63.
  8. Hamermesh, Daniel S. & Pfann, Gerard Antonie, 2009. "Markets for Reputation: Evidence on Quality and Quantity in Academe," CEPR Discussion Papers 7603, C.E.P.R. Discussion Papers.
  9. J. Peter Neary & James A. Mirrlees & Jean Tirole, 2003. "Evaluating Economics Research in Europe: An Introduction," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1239-1249, December.
  10. Daniel S. Hamermesh & Peter Schmidt, 2003. "The Determinants of Econometric Society Fellows Elections," Econometrica, Econometric Society, vol. 71(1), pages 399-407, January.
  11. Machin, Stephen & Oswald, Andrew, 2000. "UK Economics and the Future Supply of Academic Economists," Economic Journal, Royal Economic Society, vol. 110(464), pages F334-49, June.
  12. Brazier, John & Roberts, Jennifer & Deverill, Mark, 2002. "The estimation of a preference-based measure of health from the SF-36," Journal of Health Economics, Elsevier, vol. 21(2), pages 271-292, March.
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