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How Should Journal Quality be Ranked? An Application to Agricultural, Energy, Environmental and Resource Economics

Author

Listed:
  • Michael McAleer

    (Erasmus University Rotterdam,Tinbergen Institute,Kyoto University,Complutense University of Madrid)

  • Chia-Lin Chang

    (Department of Applied Economics Department of Finance National Chung Hsing University)

Abstract

The Thomson Reuters ISI Web of Science citations database (hereafter ISI) category of Economics has one of the largest numbers of journals, at 304, of any ISI discipline, and hence has wide coverage. The paper analyses the leading international journals in the Economics sub-disciplines of Energy, Environmental and Resource Economics using quantifiable Research Assessment Measures (RAMs), and highlights the similarities and differences in alternative RAMs. The RAMs are based on alternative transformations of citations taken from the ISI database. Alternative RAMs may be calculated annually or updated daily to answer the perennial questions as to When, Where and How (frequently) published papers are cited (see Chang et al. (2011a, b, c)). The RAMs include the most widely used RAM, namely the classic 2-year impact factor including journal self citations (2YIF), 2-year impact factor excluding journal self citations (2YIF*), 5-year impact factor including journal self citations (5YIF), Immediacy (or zero-year impact factor (0YIF)), Eigenfactor, Article Influence, C3PO (Citation Performance Per Paper Online), h-index, PI-BETA (Papers Ignored - By Even The Authors), 2-year Self-citation Threshold Approval Ratings (2Y-STAR), Historical Self- citation Threshold Approval Ratings (H-STAR), Impact Factor Inflation (IFI), and Cited Article Influence (CAI). As data are not available for 5YIF, Article Influence and CAI for one of the 20 journals considered, 13 RAMs are analysed for 19 highly-cited journals in Energy, Environmental and Resource Economics in the ISI category of Economics. Harmonic mean rankings of the 13 RAMs for the 19 highly-cited journals are also presented. It is shown that emphasizing the 2-year impact factor of a journal, which partly answers the question as to When published papers are cited, to the exclusion of other informative RAMs, which answer Where and How (frequently) published papers are cited, can lead to a distorted evaluation of journal impact and influence relative to the Harmonic Mean rankings.

Suggested Citation

  • Michael McAleer & Chia-Lin Chang, 2012. "How Should Journal Quality be Ranked? An Application to Agricultural, Energy, Environmental and Resource Economics," KIER Working Papers 808, Kyoto University, Institute of Economic Research.
  • Handle: RePEc:kyo:wpaper:808
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    File URL: http://www.kier.kyoto-u.ac.jp/DP/DP808.pdf
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    References listed on IDEAS

    as
    1. Chia-Lin Chang & Michael McAleer & Les Oxley, 2011. "Great Expectatrics: Great Papers, Great Journals, Great Econometrics," Econometric Reviews, Taylor & Francis Journals, pages 583-619.
    2. Michael McAleer & Chia-Lin Chang, 2011. "Citations and Impact of ISI Tourism and Hospitality Journals," KIER Working Papers 781, Kyoto University, Institute of Economic Research.
    3. Chia-Lin Chang & Michael McAleer & Les Oxley, 2011. "What makes a great journal great in the sciences? Which came first, the chicken or the egg?," Scientometrics, Springer;Akadémiai Kiadó, vol. 87(1), pages 17-40, April.
    4. Chia‐Lin Chang & Michael McAleer & Les Oxley, 2011. "What Makes A Great Journal Great In Economics? The Singer Not The Song," Journal of Economic Surveys, Wiley Blackwell, vol. 25(2), pages 326-361, April.
    5. Chia-Lin Chang & Michael McAleer & Les Oxley, 2011. "How are journal impact, prestige and article influence related? An application to neuroscience," Journal of Applied Statistics, Taylor & Francis Journals, pages 2563-2573.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Chia-Lin Chang & Michael Mcaleer, 2014. "Just How Good Are The Top Three Journals In Finance? An Assessment Based On Quantity And Quality Citations," Annals of Financial Economics (AFE), World Scientific Publishing Co. Pte. Ltd., pages 1-31.
    2. 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, pages 120-125.
    3. Roger Fouquet, 2012. "Economics of Energy and Climate Change: Origins, Developments and Growth," Working Papers 2012-08, BC3.
    4. Berry, James & Karlan, Dean S. & Pradhan, Menno, 2015. "The Impact of Financial Education for Youth in Ghana," CEPR Discussion Papers 10529, C.E.P.R. Discussion Papers.
    5. 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, pages 120-125.

    More about this item

    Keywords

    Research assessment measures; Impact factor; IFI; C3PO; PI-BETA; STAR; Eigenfactor; Article Influence; h-index.;

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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