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An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers

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  • ANDREW J. OSWALD

Abstract

Scientific-funding bodies are increasingly under pressure to use journal rankings to measure research quality. Hiring and promotion committees routinely hear an equivalent argument: 'this is important work because it is to be published in prestigious journal X'. But how persuasive is such an argument? This paper examines data on citations to articles published 25 years ago. It finds that it is better to write the best article published in an issue of a medium-quality journal such as the "OBES" than all four of the worst four articles published in an issue of an elite journal like the "AER". Decision-makers need to understand this. Copyright (c) The London School of Economics and Political Science 2006.

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Bibliographic Info

Article provided by London School of Economics and Political Science in its journal Economica.

Volume (Year): 74 (2007)
Issue (Month): 293 (02)
Pages: 21-31

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Handle: RePEc:bla:econom:v:74:y:2007:i:293:p:21-31

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  1. Jerry G. Thursby, 2000. "What Do We Say about Ourselves and What Does It Mean? Yet Another Look at Economics Department Research," Journal of Economic Literature, American Economic Association, vol. 38(2), pages 383-404, June.
  2. Laband, David N, 1990. "Is There Value-Added from the Review Process in Economics? Preliminary Evidence from Authors," The Quarterly Journal of Economics, MIT Press, vol. 105(2), pages 341-52, May.
  3. Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 1998. "Do Academic Salaries Decline with Seniority?," Journal of Labor Economics, University of Chicago Press, vol. 16(2), pages 352-66, April.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Why Journals?
    by Ekkehart Schlicht in RePEc blog on 2009-12-16 00:25:26
  2. Why Do We Need Journals?
    by Ekkehart Schlicht in RePEc blog on 2009-09-17 14:15:25
  3. The Purpose of Journals
    by Ekkehart Schlicht in RePEc blog on 2013-02-14 15:48:48

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As found on the RePEc Biblio, the curated bibliography for Economics:
  1. > Economics Profession > Ranking in Economics > Ranking Journals
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