Great Expectatrics: Great Papers, Great Journals, Great Econometrics

Chia-Lin Chang (), Michael McAleer and Les Oxley

No 2011-14, Documentos de Trabajo del ICAE from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico

Abstract: The paper discusses alternative Research Assessment Measures (RAM), with an emphasis on the Thomson Reuters ISI Web of Science database (hereafter ISI). Some analysis and comparisons are also made with data from the SciVerse Scopus database. The various RAM that are calculated annually or updated daily are defined and analysed, including the classic 2-year impact factor (2YIF), 2YIF without journal self citations (2YIF*), 5-year impact factor (5YIF), Immediacy (or zero-year impact factor (0YIF)), Impact Factor Inflation (IFI), Self-citation Threshold Approval Rating (STAR), Eigenfactor score, Article Influence, C3PO (Citation Performance Per Paper Online), h-index, Zinfluence, and PI-BETA (Papers Ignored - By Even The Authors). The RAM are analysed for 10 leading econometrics journals and 4 leading statistics journals. The application to econometrics can be used as a template for other areas in economics, for other scientific disciplines, and as a benchmark for newer journals in a range of disciplines. In addition to evaluating high quality research in leading econometrics journals, the paper also compares econometrics and statistics, alternative RAM, highlights the similarities and differences of the alternative RAM, finds that several RAM capture similar performance characteristics for the leading econometrics and statistics journals, while the new PI-BETA criterion is not highly correlated with any of the other RAM, and hence conveys additional information regarding RAM, highlights major research areas in leading journals in econometrics, and discusses some likely future uses of RAM, and shows that the harmonic mean of 13 RAM provides more robust journal rankings than relying solely on 2YIF.

Keywords: Research assessment measures; impact factors; Immediacy; Eigenfactor; Article influence; Cited article influence; h-index; C3PO; Zinfluence; PI-BETA; IFI; STAR. (search for similar items in EconPapers)
JEL-codes: C10 C43 Z0 (search for similar items in EconPapers)
Pages: 53 pages
Date: 2011
New Economics Papers: this item is included in nep-sog
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Related works:
Journal Article: Great Expectatrics: Great Papers, Great Journals, Great Econometrics (2011)
Working Paper: Great Expectatrics: Great Papers, Great Journals, Great Econometrics (2010)
Working Paper: Great Expectatrics: Great Papers, Great Journals, Great Econometrics (2010)
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