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Journal Impact Factor, Eigenfactor, Journal Influence and Article Influence

Author

Listed:
  • Chang, C-L.
  • McAleer, M.J.
  • Oxley, L.

Abstract

This paper examines the practical usefulness of two new journal performance metrics, namely the Eigenfactor score, which may be interpreted as measuring “Journal Influence”, and the Article Influence score, using the Thomson Reuters ISI Web of Science (hereafter ISI) data for 2009 for the 200 most highly cited journals in each of the Sciences and Social Sciences, and compares them with two existing ISI metrics, namely Total Citations and the 5-year Impact Factor (5YIF) of a journal (including journal self citations). It is shown that the Sciences and Social Sciences are different in terms of the strength of the relationship of journal performance metrics, although the actual relationships are very similar. Moreover, the journal influence and article influence journal performance metrics are shown to be closely related empirically to the two existing ISI metrics, and hence add little in practical usefulness to what is already known. These empirical results are compared with existing results in the literature.

Suggested Citation

  • Chang, C-L. & McAleer, M.J. & Oxley, L., 2012. "Journal Impact Factor, Eigenfactor, Journal Influence and Article Influence," Econometric Institute Research Papers EI 2012-27, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    • Handle: RePEc:ems:eureir:37619
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    References listed on IDEAS

    as
    1. Chia-Lin Chang & Michael McAleer & Les Oxley, 2011. "What makes a great journal great in the sciences? Which came first, the chicken or the egg?," Scientometrics, Springer;Akadémiai Kiadó, vol. 87(1), pages 17-40, April.
    2. Chang, C-L. & McAleer, M.J., 2011. "Citations and Impact of ISI Tourism and Hospitality Journals," Econometric Institute Research Papers EI2011-26, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    3. Chia-Lin Chang & Michael McAleer & Les Oxley, 2011. "Great Expectatrics: Great Papers, Great Journals, Great Econometrics," Econometric Reviews, Taylor & Francis Journals, vol. 30(6), pages 583-619.
    4. Chia-Lin Chang & Michael McAleer, 2013. "Ranking journal quality by harmonic mean of ranks: an application to ISI statistics & probability," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 67(1), pages 27-53, February.
    5. Mark R. Elkins & Christopher G. Maher & Robert D. Herbert & Anne M. Moseley & Catherine Sherrington, 2010. "Correlation between the Journal Impact Factor and three other journal citation indices," Scientometrics, Springer;Akadémiai Kiadó, vol. 85(1), pages 81-93, October.
    6. Chia‐Lin Chang & Michael McAleer & Les Oxley, 2011. "What Makes A Great Journal Great In Economics? The Singer Not The Song," Journal of Economic Surveys, Wiley Blackwell, vol. 25(2), pages 326-361, April.
    7. Chia-Lin Chang & Michael McAleer & Les Oxley, 2011. "How are journal impact, prestige and article influence related? An application to neuroscience," Journal of Applied Statistics, Taylor & Francis Journals, vol. 38(11), pages 2563-2573, January.
    8. Franceschet, Massimo, 2010. "Journal influence factors," Journal of Informetrics, Elsevier, vol. 4(3), pages 239-248.
    9. Chia-Lin Chang & Esfandiar Maasoumi & Michael McAleer, 2016. "Robust Ranking of Journal Quality: An Application to Economics," Econometric Reviews, Taylor & Francis Journals, vol. 35(1), pages 50-97, January.
    10. Philip M. Davis, 2008. "Eigenfactor: Does the principle of repeated improvement result in better estimates than raw citation counts?," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 59(13), pages 2186-2188, November.
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    Cited by:

    1. Chia-Lin Chang & Michael McAleer, 2015. "Bibliometric Rankings of Journals Based on the Thomson Reuters Citations Database," Journal of Reviews on Global Economics, Lifescience Global, vol. 4, pages 120-125.
    2. Michael McAleer & Judit Oláh & József Popp, 2018. "Pros and cons of the impact factor in a rapidly changing digital world," Documentos de Trabajo del ICAE 2018-06, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.

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    More about this item

    Keywords

    5-year impact factor (5YIF); eigenfactor; journal and article influence; journal performance metrics; research assessment measures; total citations;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines

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