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The Intellectual Influence of Economic Journals: Quality versus Quantity

Author

Listed:
  • László Á. Kóczy

    (Óbuda University)

  • Alexandru Nichifor

    (University of St Andrews)

Abstract
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.

Suggested Citation

  • László Á. Kóczy & Alexandru Nichifor, 2012. "The Intellectual Influence of Economic Journals: Quality versus Quantity," Working Paper Series 1202, Óbuda University, Keleti Faculty of Business and Management.
    • Handle: RePEc:pkk:wpaper:1202
    as

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    File URL: http://uni-obuda.hu/users/vecseya/RePEc/pkk/wpaper/1202.pdf
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    References listed on IDEAS

    as
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    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.
    10. Sobel, Joel, 2000. "Economists' Models of Learning," Journal of Economic Theory, Elsevier, vol. 94(2), pages 241-261, October.
    11. Laszlo A. Koczy & Martin Strobel, 2010. "The World Cup of Economics Journals: A Ranking by a Tournament Method," CERS-IE WORKING PAPERS 1018, Institute of Economics, Centre for Economic and Regional Studies.
    12. László Á. Kóczy & Martin Strobel, 2009. "The invariant method can be manipulated," Scientometrics, Springer;Akadémiai Kiadó, vol. 81(1), pages 291-293, October.
    13. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics Profession > Ranking in Economics > Ranking Journals

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    Cited by:

    1. Ham, John C. & Wright, Julian & Ye, Ziqiu, 2023. "Documenting and Explaining the Dramatic Rise of the New Society Journals in Economics," IZA Discussion Papers 16337, Institute of Labor Economics (IZA).
    2. 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.
    3. Joseph Gerald Hirschberg & Jeanette Ngaire Lye, 2020. "Grading Journals In Economics: The Abcs Of The Abdc," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 876-921, September.
    4. 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.
    5. 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.

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    More about this item

    Keywords

    Modified invariant method; Invariance to article-splitting; Influence of economic journals; Impact factor; LP method; Invariant method;
    All these keywords.

    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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    1. Rankings of Economists, Economics Departments and Economics Journals

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