Collaboration networks in economic science

dc.contributor.advisorGeorg, Co-Pierre
dc.contributor.advisorTaylor, David
dc.contributor.authorRose, Michael E
dc.date.accessioned2019-03-01T06:52:38Z
dc.date.available2019-03-01T06:52:38Z
dc.date.issued2018
dc.date.updated2019-02-25T10:55:09Z
dc.description.abstractWhen preparing a research article, Economists receive feedback from other academics, present on conference and give talks in seminars. This form of collaboration is termed informal because informal collaborators have, unlike authors, no formal property rights associated with their contribution. However, informal collaboration is so widespread that it appears to be part of the academic production function. Yet, it has received little attention in academia, least in Economics where patterns of informal collaboration differ from that of natural sciences. Social informal collaboration, the provision of direct feedback, gives rise to a social network. This thesis examines this network. The analysis focuses on the role of individual scientists in the network, which is estimated by different network centralities. Data originate from about 6000 published research articles from six Financial Economics journals between 1997 and 2011. A theoretical model describes how network centrality proxies the effort informal collaborators exert informally in a project, and how this improves the citation count of the research paper. We then investigate how observable characteristics of authors determine this and other centrality measures and find that common metrics such as productivity and number of citations correlate little with network centrality. As information transmission is an important aspect of social networks we study how network centrality of Economists relates to placement outcomes of their students in the academic job market. These findings suggest that even informal networks matter in the production of academic research; that these networks contain information above currently used measures of scholarly influence in the profession; and that these networks are used to decrease information asymmetry in the academic labor market.
dc.identifier.apacitationRose, M. E. (2018). <i>Collaboration networks in economic science</i>. (). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/29857en_ZA
dc.identifier.chicagocitationRose, Michael E. <i>"Collaboration networks in economic science."</i> ., University of Cape Town ,Faculty of Commerce ,School of Economics, 2018. http://hdl.handle.net/11427/29857en_ZA
dc.identifier.citationRose, M. 2018. Collaboration networks in economic science. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Rose, Michael E AB - When preparing a research article, Economists receive feedback from other academics, present on conference and give talks in seminars. This form of collaboration is termed informal because informal collaborators have, unlike authors, no formal property rights associated with their contribution. However, informal collaboration is so widespread that it appears to be part of the academic production function. Yet, it has received little attention in academia, least in Economics where patterns of informal collaboration differ from that of natural sciences. Social informal collaboration, the provision of direct feedback, gives rise to a social network. This thesis examines this network. The analysis focuses on the role of individual scientists in the network, which is estimated by different network centralities. Data originate from about 6000 published research articles from six Financial Economics journals between 1997 and 2011. A theoretical model describes how network centrality proxies the effort informal collaborators exert informally in a project, and how this improves the citation count of the research paper. We then investigate how observable characteristics of authors determine this and other centrality measures and find that common metrics such as productivity and number of citations correlate little with network centrality. As information transmission is an important aspect of social networks we study how network centrality of Economists relates to placement outcomes of their students in the academic job market. These findings suggest that even informal networks matter in the production of academic research; that these networks contain information above currently used measures of scholarly influence in the profession; and that these networks are used to decrease information asymmetry in the academic labor market. DA - 2018 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2018 T1 - Collaboration networks in economic science TI - Collaboration networks in economic science UR - http://hdl.handle.net/11427/29857 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/29857
dc.identifier.vancouvercitationRose ME. Collaboration networks in economic science. []. University of Cape Town ,Faculty of Commerce ,School of Economics, 2018 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/29857en_ZA
dc.language.isoeng
dc.publisher.departmentSchool of Economics
dc.publisher.facultyFaculty of Commerce
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomics
dc.titleCollaboration networks in economic science
dc.typeDoctoral Thesis
dc.type.qualificationlevelDoctoral
dc.type.qualificationnamePhD
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