R, Scientometrics, Knowledge Management, and Social Network Analysis

Twenty-five years of the Journal of Economic Psychology (1981–2005): A report on the development of an interdisciplinary field of research

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Published in: Journal of Economic Psychology, 27(2006), 793–804
Authors: Erich Kirchler, Erik Hölzl
Affiliation: University of Vienna, Faculty of Psychology, Universitaetsstrasse 7, A-1010 Vienna, Austria


Similar to what Dutt, Garg, and Bali had studied, Kirchler and Hölzl (2006) also studied a specific journal. They studied publications in the first twenty-five years of Journal of Economic Psychology, which is from 1981 to 2005. All the publication data were retrieved using the ISI Web of Science. In the 25 years period, there were 1032 publications, however only 854 were analysed. The 854 publications were exclusively research articles, excluding book review, errata, etc.

Kirchler and Hölzl divided the research articles into 5 blocks of time window, 1981-1985, 1986-1990, 1991-1995, 1996-2000, and 2001-2005. They found that the number of articles published increased from 127 in the earliest time window to 220 in the latest. The number of references per article also increased over the years, from 23.22 in the earliest time window to 38.35 in the latest. They also noted that the number of single-authored articles had decreased significantly from 52.0% to 34.1% over the time windows. On average, an article was written by 1.77 authors.

The 854 research articles were categorised into 15 topics, namely Theory and history; Individual decision making; Cooperation and competition; Socialization and lay theories; Money, currency and inflation; Financial behaviour and investment; Consumer attitudes; Consumer behaviour; Consumer expectations; Firm; Marketplace behaviour, marketing and advertising; Labour market; Tax; Environmental behaviour; Government and policy; and others. Over 25 years, the top four topics consumer behaviour, individual decision making, financial behaviour and investment, and cooperation and competition constitute 41.2% of the publications.

Having analysed the topics of the research articles, Kirchler and Hölzl proceeded in analysing the sources of the publications. The 854 research articles made a total of 28,456 references. However, only 4% of the sources were cited more than 3 times. 84% of the sources were cited once, 9% twice and 3% thrice. Kirchler and Hölzl further short listed the 20 most-cited journals with Journal of Economic Psychology, Journal of Consumer Research, Journal of Personality and Social Psychology, and American Economic Review as the top 4. The 4 most-cited journals contributed 11.0% of the references, but Kirchler and Hölzl noted that for every research article 35.7% of the references were from the 4 most-cited journals. This finding indicated that the perspectives of social psychology, social economics, and consumer research dominated the study of economic psychology.

Kirchler and Hölzl also indicated the 20 most-cited articles. The most-cited article received 132 citations, and on average the 20 most-cited articles received 37.95 citations. Finally, the self-citation rate of Journal of Economic Psychology was analysed which indicated 3.6% of self-citation rate.

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Written by Mathias

April 26, 2007 at 10:20 pm

Posted in Scientometrics

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