A Suggested Method for the Measurement of World-Leading Research (Illustrated with Data on Economics)
Andrew J. Oswald
University of Warwick - Department of Economics; Institute for the Study of Labor (IZA)
IZA Discussion Paper No. 4313
Countries often spend billions on university research. There is growing interest in how to assess whether that money is well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a method, and illustrate it with modern data on economics. Of 450 genuinely world-leading journal articles, the UK produced 10%, and the rest of Europe slightly more. Interestingly, more than a quarter of these elite UK articles came from outside the best-known university departments. The proposed methodology could be applied to almost any academic discipline or nation.
Number of Pages in PDF File: 22
Keywords: Research Excellence Framework (REF), peer-review, United Kingdom, European economics, evaluation, science, citations, Research Assessment Exercise (RAE)
JEL Classification: A1, O38working papers series
Date posted: July 28, 2009
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