nep-sog New Economics Papers
on Sociology of Economics
Issue of 2014‒10‒13
three papers chosen by
Jonas Holmström
Axventure AB

  1. "Ranking Economics Journals and Articles, Economics Departments, and Economists Using Teaching-Focused Research Productivity: 1991-2011" By Melody Lo; Sunny Wong; Franklin G. Mixon; Carlos J. Asarta
  2. A results-based incentive scheme to improve performance By Ana María Becerra; Juan F. Castro; Gustavo Yamada
  3. The economics of research, consulting, and teaching quality: theory and evidence from a technical university By Stefano Bianchini; Francesco Lissoni; Michele Pezzoni; Lorenzo Zirulia

  1. By: Melody Lo; Sunny Wong; Franklin G. Mixon; Carlos J. Asarta (Department of Economics, University of Delaware)
    Abstract: Journal rankings have been used as a common low-cost management tool by academic institutions to measure research productivity among scholars. In this paper, we extend the work by Lo et al. (2008) that produced rankings of economics journals, departments, and economists based on teaching-focused research productivity. In particular, we update these rankings by using both a more refined ranking method published in Econometrica (Palacios-Huerta and Volij, 2004) and a larger database consisting of 1,172 articles published across 20 economics journals from 1991 to 2011. In addition, we produce a new ranking that provides a list of the top 20 most influential articles in the field of economic education. Our findings should be of interest to university administrators, researchers publishing in the field of economic education and students seeking graduate programs with a research focus in economic education.
    Keywords: Economic Education
    JEL: A10 A2
    Date: 2014
  2. By: Ana María Becerra (Departamento de Economía, Universidad del Pacífico); Juan F. Castro (Departamento de Economía, Universidad del Pacífico); Gustavo Yamada (Departamento de Economía, Universidad del Pacífico)
    Abstract: A qualified and motivated pool of professors and researchers is a key input in any successful higher education endeavor (Salmi, 2009). Hiring professors with adequate qualifications is, of course, part of the answer to achieve this. However, improving the competitiveness of a university from within, and when the academic career has been historically based on age rather than on merit, is a much more difficult task. We believe a simple and transparent results-based incentive scheme can help reshape academic performance. Universidad del Pacífico, a medium size not for profit private institution specialized in economics and business fields, launched in 2007, an incentive system with these characteristics (Universidad del Pacífico, 2008). Monetary bonuses and promotions are linked to a set of results indicators, each having a particular weight which reflects university’s priorities regarding teaching skills and research accomplishments and dissemination. We describe this incentive system, briefly discuss the internal “politics” of its approval and implementation, and assess its potential effects on academic performance after 5 years of continuous operation.
    Keywords: Results-based, Incentive, Scheme, Improve, Performance, Professor, Researcher, Higher, Education
    JEL: D23 D82 D86
    Date: 2014–06
  3. By: Stefano Bianchini; Francesco Lissoni; Michele Pezzoni; Lorenzo Zirulia
    Abstract: We investigate the effect of both research and consulting on higher education teaching quality at the individual level. We propose a theoretical model in which academics allocate limited time between three activities, over a two period horizon, under the assumption of positive spillovers from research to both consulting opportunities and teaching, and of life cycle effects on incentives. Propositions from the model are tested against teaching evaluation data from a mid-sized Italian engineering faculty. We find that research experience improves teaching quality, but only if it does not translate into large consulting opportunities. In that case, research experience provides too strong a disincentive to invest time in teaching, and quality deteriorates.
    Keywords: higher education; teaching; academic consulting; research; economics of science
    Date: 2014–09–22

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