Ranking Economists on the Basis of Many Indicators: An Alternative Approach Using RePEc Data

33 Pages Posted: 11 Jan 2012

See all articles by Christian Seiler

Christian Seiler

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

Klaus Wohlrabe

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

Date Written: December 30, 2011

Abstract

In socio-economic sciences the RePEc network (Research Papers in Economics) has become an essential source for the gathering and the spread of both existing and new economic research. Furthermore, it is currently the largest bibliometric database in economic sciences containing 33 different indicators for more than 30,000 economists. Based on this bibliographic information RePEc calculates well-known rankings for authors and academic institutions. We provide some cautionary remarks concerning the interpretation of some provided bibliometric measures in RePEc. Moreover, we show how individual and aggregated rankings can be biased due to the employed ranking methodology. In order to select key indicators describing and assessing research performance of scientist, we propose to apply principal component analysis in this data-rich environment. This approach allows us to assign weights to each indicator prior to aggregation. We illustrate the approach by providing a new overall ranking of economists based on RePEc data.

Keywords: RePEc, ranking aggregation, principal components analysis, economics profession

JEL Classification: A120, A140

Suggested Citation

Seiler, Christian and Wohlrabe, Klaus, Ranking Economists on the Basis of Many Indicators: An Alternative Approach Using RePEc Data (December 30, 2011). CESifo Working Paper Series No. 3691. Available at SSRN: https://ssrn.com/abstract=1983168

Christian Seiler

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

Klaus Wohlrabe (Contact Author)

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

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