A Tale of Two Metrics: Research Assessment vs Recognised Excellence
20 Pages Posted: 18 Dec 2014
Date Written: December 17, 2014
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: Suggested Citation