The paper analyses academic journal quality and impact using quality weighted citations that are based on the widely-used Thomson Reuters ISI Web of Science citations database (ISI). A recently developed Index of Citations Quality (ICQ), based on
quality weighted citations, is used to analyse the top 276 Economics and top 10
Econometrics journals in the ISI Economics category using alternative quantifiable
Research Assessment Measures (RAMs). It is shown that ICQ is a useful additional
measure to the 2-Year Impact Factor (2YIF) and other well known RAMs available
in ISI for the purpose of evaluating journal impact and quality, as well as ranking, of
Economics and Econometrics journals as it contains information that has very low
correlations with the information contained in alternative well-known RAMs. Among
other findings, the top Econometrics journals have some of the highest ICQ scores in
the ISI category of Economics.
