SSE/EFI Working Paper Series in Economics and Finance
How Should Research Performance Be Measured? A Study of Swedish Economists
() and Daniel Waldenström
Abstract: Billions of euros are allocated every year to university
research. Increased specialisation and international integration of
research and researchers has sharply raised the need for comparisons of
performance across fields, institutions and individual researchers.
However, there is still no consensus regarding how such rankings should be
conducted and what output measures are appropriate to use. We rank all full
professors in a particular discipline, economics, in one European nation
using seven established, and some of them commonly used, measures of
research performance. Our examination shows both that the rank order can
vary greatly across measures, and that depending on the measure used the
distribution of total research out-put is valued very differently. The
renowned KMS measure in economics stands out among the measures analysed
here. It exhibits the weakest correlation with the others used in our
study. We conclude by giving advice to funding councils and others
assessing research quality on how to think about the use of both
quantitative and qualitative measures of performance.
Keywords: Impact of research; Ranking; Research productivity; Bibliometrics; Impact Factor; (follow links to similar papers)
JEL-Codes: A11; A14; B41; (follow links to similar papers)
29 pages, March 4, 2008
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- This paper is published as:
Henrekson, Magnus and Daniel Waldenström, (2011), 'How Should Research Performance Be Measured? A Study of Swedish Economists', The Manchester School, Vol. 79, December, No. 6, pages 1139-1156
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