Using Archetypoid Analysis to Classify Institutions and Faculties of Economics

Klaus Wohlrabe and Sabine Gralka

No 8023, CESifo Working Paper Series from CESifo

Abstract: We use archetypoid analysis as a new tool to categorize institutions and faculties of economics. The approach identifies typical characteristics of extreme (archetypal) values in a multivariate data set. Each entity under investigation is assigned relative shares of the identified archetypoid, which show the affiliation of the entity to the archetypoid. In contrast to its predecessor, the archetypal analysis, archetypoids always represent actual observed units in the data. The approach therefore allows to classify institutions in a rarely used way. While the method has been recognized in the literature, it is the first time that it is used in higher education research and as in our case for institutions and faculties of economics. Our dataset contains seven bibliometric indicators for 298 top-level institutions obtained from the RePEc database. We identify three archetypoids, which are characterized as the top-, the low- and the medium-performer. We discuss the assignment of shares of the identified archetypoids to the institutions in detail. As a sensitivity analysis we show how the classification changes when for four and five archetypoids are considered.

Keywords: archetypoid analysis; classification; RePEc; faculty of economics; economic institutions (search for similar items in EconPapers)
JEL-codes: C38 I21 I23 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-sog
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: Using archetypoid analysis to classify institutions and faculties of economics (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_8023

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