The Merits of Using Citation-Based Journal Weighting Schemes to Measure Research Performance in Economics: The Case of New Zealand
In this study we test various citation-based journal weighting schemes, especially those based on the Liebowitz and Palmer methodology, as to their suitability for use in a nation- wide research funding model. Using data generated by New Zealand’s academic economists, we compare the performance of departments, and individuals, under each of our selected schemes; and we then proceed to contrast these results with those generated by direct citation counts. Our findings suggest that if all citations are deemed to be of equal value, then schemes based on the Liebowitz and Palmer methodology yield problematic outcomes. We also demonstrate that even between weighting schemes based on a common methodology, major differences are found to exist in departmental and individual outcomes.
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- Magnus Henrekson & Daniel Waldenström, 2011.
"How Should Research Performance Be Measured? A Study Of Swedish Economists,"
University of Manchester, vol. 79(6), pages 1139-1156, December.
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- Henrekson, Magnus & Waldenström, Daniel, 2008. "How Should Research Performance Be Measured? A Study of Swedish Economists," SSE/EFI Working Paper Series in Economics and Finance 693, Stockholm School of Economics.
- Andrew J. Oswald, 2007.
"An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers,"
London School of Economics and Political Science, vol. 74(293), pages 21-31, 02.
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- Oswald, Andrew J., 2006. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-makers," IZA Discussion Papers 2070, Institute for the Study of Labor (IZA).
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2004,33, Humboldt-Universität Berlin, Center for Applied Statistics and Economics (CASE).
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"Rankings of Academic Journals and Institutions in Economics,"
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10797, Iowa State University, Department of Economics.
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- John Gibson, 2000. "Research productivity in New Zealand university economics departments: Comment and update," New Zealand Economic Papers, Taylor & Francis Journals, vol. 34(1), pages 73-87.
- Kristie M. Engemann & Howard J. Wall, 2009. "A journal ranking for the ambitious economist," Review, Federal Reserve Bank of St. Louis, issue May, pages 127-140.
- Tom Coupé, 2003. "Revealed Performances: Worldwide Rankings of Economists and Economics Departments, 1990-2000," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1309-1345, December.
- David L. Anderson & John Tressler, 2009. "The Excellence in Research for Australia Scheme: An Evaluation of the Draft Journal Weights for Economics," Working Papers in Economics 09/07, University of Waikato, Department of Economics.
- Bush, Winston C & Hamelman, Paul W & Staaf, Robert J, 1974. "A Quality Index for Economic Journals," The Review of Economics and Statistics, MIT Press, vol. 56(1), pages 123-25, February.
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