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The Intellectual Influence of Economic Journals: Quality versus Quantity

  • László Á. Kóczy

    ()

    (Óbuda University)

  • Alexandru Nichifor

    ()

    (University of St Andrews)

The evaluation of scientific output has a key role in the allocation of research funds and academic positions. Decisions are often based on quality indicators for academic journals and over the years a handful of scoring methods have been proposed for this purpose. Discussing the most prominent methods (de facto standards) we show that they do not distinguish quality from quantity at article level. The systematic bias we find is analytically tractable and implies that the methods are manipulable. We introduce modified methods that correct for this bias, and use them to provide rankings of economic journals. Our methodology is transparent; our results are replicable.

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File URL: http://uni-obuda.hu/users/vecseya/RePEc/pkk/wpaper/1202.pdf
File Function: Manuscript, 2009
Download Restriction: no

Paper provided by Óbuda University, Keleti Faculty of Business and Management in its series Working Paper Series with number 1202.

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Length: 24 pages
Date of creation: May 2012
Date of revision:
Handle: RePEc:pkk:wpaper:1202
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  1. Volij, Oscar & Palacios-Huerta, Ignacio, 2004. "The Measurment of Intellectual Influence," Staff General Research Papers 10797, Iowa State University, Department of Economics.
  2. Kalaitzidakis, P. & Mamuneas, T.P. & Stengos, T., 2003. "Rankings of Academic Journals and Institutions," Working Papers 2003-8, University of Guelph, Department of Economics and Finance.
  3. Christian Zimmermann, 2012. "Academic rankings with RePEc," Working Papers 2012-023, Federal Reserve Bank of St. Louis.
  4. Pierre-Philippe Combes & Laurent Linnemer, 2003. "Where are the Economists Who Publish? Publication Concentration and Rankings in Europe Based on Cumulative Publications," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1250-1308, December.
  5. Donald Campbell & Jerry Kelly, 2009. "Gains from manipulating social choice rules," Economic Theory, Springer, vol. 40(3), pages 349-371, September.
  6. 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.
  7. Sobel, Joel, 2000. "Economists' Models of Learning," Journal of Economic Theory, Elsevier, vol. 94(2), pages 241-261, October.
  8. Pantelis Kalaitzidakis & Theofanis P. Mamuneas & Thanasis Stengos, 2003. "Rankings of Academic Journals and Institutions in Economics," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1346-1366, December.
  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.
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  1. Rankings of Economists, Economics Departments and Economics Journals

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