A Tale of Two Metrics: Research Assessment vs Recognised Excellence

20 Pages Posted: 18 Dec 2014

See all articles by Katharine Rockett

Katharine Rockett

University of Essex - Department of Economics; Centre for Economic Policy Research (CEPR)

Pierre Regibeau

Imperial College; Charles River Associates

Date Written: December 17, 2014

Abstract

We build an economics department entirely composed of Nobel Prize winners and evaluate it using standard research assessment metrics. Performing the same evaluation on existing departments, we find that the rating of our Nobel Prize department does not stand out from other good departments. Compared to recent research evaluations, our Nobel Prize department’s ranking is less stable. This suggests a significant effect of score “targeting” induced by the rankings exercise. We find some evidence that modifying the assessment criteria to increase the total number of publications considered can help distinguish the top.

Keywords: Research Evaluation, Research Excellence Framework, Nobel Prize

JEL Classification: H4, I23, L51, O38

Suggested Citation

Rockett, Katharine and Regibeau, Pierre, A Tale of Two Metrics: Research Assessment vs Recognised Excellence (December 17, 2014). Available at SSRN: https://ssrn.com/abstract=2539549 or http://dx.doi.org/10.2139/ssrn.2539549

Katharine Rockett (Contact Author)

University of Essex - Department of Economics ( email )

Wivenhoe Park
Colchester CO4 3SQ
United Kingdom
+44 1206 873 333 (Phone)
+44 1206 873 724 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Pierre Regibeau

Imperial College ( email )

South Kensington Campus
Exhibition Road
London, Greater London SW7 2AZ
United Kingdom

Charles River Associates ( email )

1201 F. St. NW
Ste. 700
Washington, DC 20004
United States

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