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.
|Date of creation:||13 May 2010|
|Contact details of provider:|| Postal: Private Bag 3105, Hamilton, New Zealand, 3240|
Phone: + 64 (0)7 838 4758 (Administrator)
Fax: (647) 838-4331
Web page: http://cms.mngt.waikato.ac.nz/departments/economics
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Henrekson, Magnus & Waldenström, Daniel, 2007. "How Should Research Performance be Measured? A Study of Swedish Economists," Working Paper Series 712, Research Institute of Industrial Economics, revised 22 Oct 2009.
- 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," Economica, London School of Economics and Political Science, vol. 74(293), pages 21-31, February.
- 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.
- 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).
- Kodrzycki Yolanda K. & Yu Pingkang, 2006. "New Approaches to Ranking Economics Journals," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 5(1), pages 1-44, August.
- Graves, Philip E & Marchand, James R & Thompson, Randal, 1982. "Economics Departmental Rankings: Research Incentives, Constraints, and Efficiency," American Economic Review, American Economic Association, vol. 72(5), pages 1131-1141, December.
- Hirsch, Barry T, et al, 1984. "Economics Departmental Rankings: Comment [Economics Departmental Rankings: Research Incentives, Constraints, and Efficiency]," American Economic Review, American Economic Association, vol. 74(4), pages 822-826, September.
- Wall Howard J, 2009. "Don't Get Skewed Over by Journal Rankings," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(1), pages 1-12, August.
- Joseph Macri & Dipendra Sinha, 2006. "Rankings Methodology for International Comparisons of Institutions and Individuals: an Application to Economics in Australia and New Zealand," Journal of Economic Surveys, Wiley Blackwell, vol. 20(1), pages 111-156, February.
- 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.
- Pantelis Kalaitzidakis & Theofanis P Mamuneas & Thanasis Stengos, 2001. "Rankings of Academic Journals and Institutions in Economics," Discussion Papers in Economics 01/8, Department of Economics, University of Leicester.
- 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.
- 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.
- Ignacio Palacios-Huerta & Oscar Volij, 2004. "The Measurement of Intellectual Influence," Econometrica, Econometric Society, vol. 72(3), pages 963-977, May.
- Ignacio Palacios-Huerta & Oscar Volij, 2002. "The Measurement of Intellectual Influence," Economic theory and game theory 015, Oscar Volij.
- Volij, Oscar & Palacios-Huerta, Ignacio, 2004. "The Measurment of Intellectual Influence," Staff General Research Papers Archive 10797, Iowa State University, Department of Economics.
- 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.
- Davis, Paul & Papanek, Gustav F, 1984. "Faculty Ratings of Major Economics Departments by Citations," American Economic Review, American Economic Association, vol. 74(1), pages 225-230, March.
- BAUWENS, Luc & ROMBOUTS, Jeroen V.K., "undated". "Econometrics," CORE Discussion Papers RP 1713, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Rombouts, Jeroen V. K. & Bauwens, Luc, 2004. "Econometrics," Papers 2004,33, Humboldt University of Berlin, Center for Applied Statistics and Economics (CASE).
- 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.
- 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.
- 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 123-125, February. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:wai:econwp:10/03. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Brian Silverstone)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.