nep-sog New Economics Papers
on Sociology of Economics
Issue of 2010‒07‒24
three papers chosen by
Jonas Holmström
Swedish School of Economics and Business Administration

  1. An Updated Ranking of Academic Journals in Economics By Pantelis Kalaitzidakis; Theofanis P. Mamuneas; Thanasis Stengos
  2. Pluralism In Economics And The Evaluation Of Economic Research In Italy By Marcella Corsi; Pierre D'Ippolito; Frederico L.F. Lucidi
  3. The Allocation of Merit Pay in Academia By Finn Christensen; James Manley; Louise Laurence

  1. By: Pantelis Kalaitzidakis (Department of Economics,University of Crete); Theofanis P. Mamuneas (Department of Economics,University of Cyprus); Thanasis Stengos (Department of Economics,University of Crete)
    Abstract: We conduct an update of the ranking of economic journals by Kalaitzidakis, Mamuneas and Stengos (2003). However, our present study differs methodologically from that earlier study in an important dimension. We use a rolling window of years between 2003 and 2008, for each year counting the number of citations of articles published in the previous ten years. This allows us to obtain a smoother longer view of the evolution of rankings in the period under consideration and avoid the inherent randomness that may exist at any particular year. Using this framework we proceed to examine the relative ranking of the Canadian Journal of Economics over time. We find the Canadian Journal managed not only to maintain its relative position, but to also improve it over time.
    Keywords: Journal Rankings, Canadian Journal of Economics
    JEL: A10 A11
    Date: 2010
  2. By: Marcella Corsi; Pierre D'Ippolito; Frederico L.F. Lucidi
    Abstract: We analyse Italy’s research evaluation exercise to discuss the issue of evaluating re-search in economics. We claim that evaluation and its criteria, together with its linkage to research institutions’ financing, are likely to affect the direction of research, in a problematic way. We claim that the ranking criteria adopted in Italy bring to a risk of disregarding histori-cal methods in favour of quantitative and econometric methods, and heterodox schools in favour of mainstream approaches. In order to preserve pluralism and originality of research, we propose a simple quantita-tive index based on field-normalisation.
    Keywords: Research evaluation; Contemporary research in economics; Italy
    JEL: A11 A14 B20 B40 B50
    Date: 2010–03–16
  3. By: Finn Christensen (Department of Economics, Towson University); James Manley (Department of Economics, Towson University); Louise Laurence (Department of Economics, Towson University)
    Abstract: This paper investigates whether the widespread awarding of faculty merit pay at a large public university accurately reflects productivity. We show that pairwise voting on a quality standard by a committee can in theory be consistent with observed allocation patterns. However, the data indicate only nominal adherence to a quality standard. Departments with more severe compression issues are more likely to award merit pay as a countermeasure and some departments appear to be motivated by nonpecuniary incentives. Much of the variance in merit pay allocation remains unexplained. These results suggest reform is needed to improve transparency in the merit system.
    JEL: D7 I20 J33 M52
    Date: 2010–07

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