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The Intellectual Influence of Economic Journals: Quality versus Quantity


  • Kóczy László
  • Nichifor Alexandru



The evaluation of scienti fic output has a key role in the allocation of research funds andacademic positions. Decisions are often based on quality indicators for academic journals and overthe years a handful of scoring methods have been proposed for this purpose. Discussing the mostprominent methods (de facto standards) we show that they do not distinguish quality from quantityat article level. The systematic bias we fi nd is analytically tractable and implies that themethods are manipulable. We introduce modi fied methods that correct for this bias, and use themto provide rankings of economic journals. Our methodology is transparent; our results are replicable.

Suggested Citation

  • Kóczy László & Nichifor Alexandru, 2012. "The Intellectual Influence of Economic Journals: Quality versus Quantity," Research Memorandum 025, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  • Handle: RePEc:unm:umamet:2012025

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    References listed on IDEAS

    1. Christian Zimmermann, 2013. "Academic Rankings with RePEc," Econometrics, MDPI, Open Access Journal, vol. 1(3), pages 1-32, December.
    2. Sobel, Joel, 2000. "Economists' Models of Learning," Journal of Economic Theory, Elsevier, vol. 94(2), pages 241-261, October.
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    4. Ignacio Palacios-Huerta & Oscar Volij, 2004. "The Measurement of Intellectual Influence," Econometrica, Econometric Society, vol. 72(3), pages 963-977, May.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    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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    Cited by:

    1. Albarrán, Pedro & Herrero, Carmen & Ruiz-Castillo, Javier & Villar, Antonio, 2017. "The Herrero-Villar approach to citation impact," Journal of Informetrics, Elsevier, vol. 11(2), pages 625-640.
    2. Csató, László, 2013. "Rangsorolás páros összehasonlításokkal. Kiegészítések a felvételizői preferencia-sorrendek módszertanához
      [Paired comparisons ranking. A supplement to the methodology of application-based preferenc
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1333-1353.
    3. Török, Ádám & Telcs, András & Kosztyán, Zsolt Tibor, 2013. "Hallgatói preferencia-sorrendek készítése az egyetemi jelentkezések alapján
      [Preparing student preference rankings based on applications for university]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 290-317.

    More about this item


    mathematical economics;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • Y1 - Miscellaneous Categories - - Data: Tables and Charts

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