nep-sog 2011-05-30 papers

on Sociology of Economics

Issue of 2011‒05‒30
two papers chosen by
Jonas Holmström
Swedish School of Economics and Business Administration

Credit Where Credit's Due: Accounting for Co-Authorship in Citation Counts By Tol, Richard S. J.
The Journal Rankings of Central Banks By Emanuel Kohlscheen

Credit Where Credit's Due: Accounting for Co-Authorship in Citation Counts

By:	Tol, Richard S. J.
Abstract:	I propose a new method (Pareto weights) to objectively attribute citations to co-authors. Previous methods either profess ignorance about the seniority of co-authors (egalitarian weights) or are based in an ad hoc way on the order of authors (rank weights). Pareto weights are based on the respective citation records of the co-authors. Pareto weights are proportional to the probability of observing the number of citations obtained. Assuming a Pareto distribution, such weights can be computed with a simple, closed-form equation but require a few iterations and data on a scholar, her co-authors, and her co-authors' co-authors. The use of Pareto weights is illustrated with a group of prominent economists. In this case, Pareto weights are very different from rank weights. Pareto weights are more similar to egalitarian weights but can deviate up to a quarter in either direction (for reasons that are intuitive).
Keywords:	data
Date:	2011–05
URL:	http://d.repec.org/n?u=RePEc:esr:wpaper:wp387&r=sog

The Journal Rankings of Central Banks

By:	Emanuel Kohlscheen (Central Bank of Brazil)
Abstract:	This paper analyzes the citation patterns of the central banks of the 15 largest monetary areas of the world that had an active working paper series in 2010. It proceeds to construct a novel journal ranking that is more suited for monetary authorities than the academic journal rankings currently in vogue. We report individual country rankings as well as the global rankings. While important regional differences emerge, the Journal of Monetary Economics, the American Economic Review, the Journal of Money, Credit and Banking and the Journal of Finance stand out as the top outlets in the global ranking. Sweden’s Riksbanken appears to be the monetary authority that is most finely tuned with academia, followed by the European Central Bank.
Date:	2011–05
URL:	http://d.repec.org/n?u=RePEc:szg:worpap:1105&r=sog

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