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Ranking Leading Econometrics Journals Using Citations Data from ISI and RePEc
Department of Applied Economics, and Department of Finance, National Chung Hsing University, Taichung 402, Taiwan
Department of Quantitative Finance, National Tsing Hua University, Hsinchu 300, Taiwan
Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam, Rotterdam 3000, The Netherlands
Tinbergen Institute, Rotterdam 3000, The Netherlands
Department of Quantitative Economics, Complutense University of Madrid, Madrid 28040, Spain
* Author to whom correspondence should be addressed.
Received: 15 October 2013; in revised form: 6 November 2013 / Accepted: 7 November 2013 / Published: 18 November 2013
Abstract: The paper focuses on the robustness of rankings of academic journal quality and research impact of 10 leading econometrics journals taken from the Thomson Reuters ISI Web of Science (ISI) Category of Economics, using citations data from ISI and the highly accessible Research Papers in Economics (RePEc) database that is widely used in economics, finance and related disciplines. The journals are ranked using quantifiable static and dynamic Research Assessment Measures (RAMs), with 15 RAMs from ISI and five RAMs from RePEc. The similarities and differences in various RAMs, which are based on alternative weighted and unweighted transformations of citations, are highlighted to show which RAMs are able to provide informational value relative to others. The RAMs include the impact factor, mean citations and non-citations, journal policy, number of high quality papers, and journal influence and article influence. The paper highlights robust rankings based on the harmonic mean of the ranks of 20 RAMs, which in some cases are closely related. It is shown that emphasizing the most widely-used RAM, the two-year impact factor of a journal, can lead to a distorted evaluation of journal quality, impact and influence relative to the harmonic mean of the ranks. Some suggestions regarding the use of the most informative RAMs are also given.
Keywords: research assessment measures; citations; impact; influence; harmonic mean; robust journal rankings; econometrics
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Cite This Article
MDPI and ACS Style
Chang, C.-L.; McAleer, M. Ranking Leading Econometrics Journals Using Citations Data from ISI and RePEc. Econometrics 2013, 1, 217-235.
Chang C-L, McAleer M. Ranking Leading Econometrics Journals Using Citations Data from ISI and RePEc. Econometrics. 2013; 1(3):217-235.
Chang, Chia-Lin; McAleer, Michael. 2013. "Ranking Leading Econometrics Journals Using Citations Data from ISI and RePEc." Econometrics 1, no. 3: 217-235.