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Inside Job or Deep Impact? Extramural Citations and the Influence of Economic Scholarship
Does academic economic research produce material of general scientific value, or do academic economists write only for peers? Is economics scholarship uniquely insular? We address these questions by quantifying interactions between economics and other disciplines. Changes in the influence of economic scholarship are measured here by the frequency with which other disciplines cite papers in economics journals. We document a clear rise in the extramural influence of economic research, while also showing that economics is increasingly likely to reference other social sciences. A breakdown of extramural citations by economics fields shows broad field influence. Differentiating between theoretical and empirical papers classified using machine learning, we see that much of the rise in economics’ extramural influence reflects growth in citations to empirical work. This growth parallels an increase in the share of empirical cites within economics. At the same time, some disciplines that primarily cite economic theory have also recently increased citations of economics scholarship. ( JEL A11, A14)
The Reverse Matthew Effect: Consequences of Retraction in Scientific Teams
Teamwork pervades modern production, yet teamwork can make individual roles difficult to ascertain. The Matthew effect suggests that communities reward eminent team members for great outcomes at the expense of less eminent team members. We study this phenomenon in reverse, investigating credit sharing after damaging events. Our context is article retractions in the sciences. We find that retractions impose little citation penalty on the prior work of eminent coauthors, but less eminent coauthors experience substantial citation declines, especially when teamed with eminent authors. These findings suggest a reverse Matthew effect for team-produced negative events. A Bayesian model provides a candidate interpretation.
Economic Research Evolves: Fields and Styles
We examine the evolution of economics research using a machine-learning-based classification of publications into fields and styles. The changing field distribution of publications would not seem to favor empirical papers. But economics' empirical shift is a within-field phenomenon; even fields that traditionally emphasize theory have gotten more empirical. Empirical work has also come to be more cited than theoretical work. The citation shift is sharpened when citations are weighted by journal importance. Regression analyses of citations per paper show empirical publications reaching citation parity with theoretical publications around 2000. Within fields and journals, however, empirical work is now cited more.