TY - RPRT AU - Oswald, Andrew J. TI - A Suggested Method for the Measurement of World-Leading Research (Illustrated with Data on Economics) PY - 2009/Jul/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 4313 UR - https://www.iza.org/publications/dp4313 AB - Countries often spend billions on university research. There is growing interest in how to assess whether that money is well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a method, and illustrate it with modern data on economics. Of 450 genuinely world-leading journal articles, the UK produced 10%, and the rest of Europe slightly more. Interestingly, more than a quarter of these elite UK articles came from outside the best-known university departments. The proposed methodology could be applied to almost any academic discipline or nation. KW - evaluation KW - European economics KW - United Kingdom KW - peer-review KW - Research Excellence Framework (REF) KW - science KW - citations KW - Research Assessment Exercise (RAE) ER -