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How Do Editors Select Papers, and How Good are They at Doing It?

  • Robert Hofmeister

    ()

    (Department of Economics, University of Konstanz, Germany)

  • Matthias Krapf

    ()

    (Department of Business Administration, University Wien, Austria)

Using data on the B.E. Journals that rank articles into four quality tiers, this paper examines the accuracy of the research evaluation process in economics. We find that submissions by authors with strong publication records and authors affiliated with highly-ranked institutions are significantly more likely to be published in higher tiers. Citation success as measured by RePEc statistics also depends heavily on the overall research records of the authors. Finally and most importantly, we measure how successful the B.E. Journals’ editors and their reviewers have been at assigning articles to quality tiers. While, on average, they are able to distinguish more influential from less influential manuscripts, we also observe many assignments that are not compatible with the belief that research quality is reflected by the number of citations.

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Paper provided by Department of Economics, University of Konstanz in its series Working Paper Series of the Department of Economics, University of Konstanz with number 2011-37.

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Length: 25 pages
Date of creation: 29 Sep 2011
Date of revision:
Handle: RePEc:knz:dpteco:1137
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  1. Joao Santos Silva & Silvana Tenreyro, 2005. "The Log of Gravity," CEP Discussion Papers dp0701, Centre for Economic Performance, LSE.
  2. Daniel S. Hamermesh, 1994. "Facts and Myths about Refereeing," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 153-163, Winter.
  3. De Long, J Bradford & Lang, Kevin, 1992. "Are All Economic Hypotheses False?," Journal of Political Economy, University of Chicago Press, vol. 100(6), pages 1257-72, December.
  4. Heinrich W. Ursprung & Markus Zimmer, 2007. "Who is the "Platz-Hirsch" of the German Economics Profession? A Citation Analysis," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 227(2), pages 187-208, April.
  5. Coupé, Tom, 2013. "Peer review versus citations – An analysis of best paper prizes," Research Policy, Elsevier, vol. 42(1), pages 295-301.
  6. Daniel S. Hamermesh & Gerard A. Pfann, 2009. "Markets for Reputation: Evidence on Quality and Quantity in Academe," NBER Working Papers 15527, National Bureau of Economic Research, Inc.
  7. Wall Howard J, 2009. "Don't Get Skewed Over by Journal Rankings," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(1), pages 1-12, August.
  8. Christian Zimmermann, 2007. "Academic Rankings with RePEc," Working papers 2007-36, University of Connecticut, Department of Economics, revised Mar 2009.
  9. Kenneth J. Arrow & B. Douglas Bernheim & Martin S. Feldstein & Daniel L. McFadden & James M. Poterba & Robert M. Solow, 2011. "100 Years of the American Economic Review : The Top 20 Articles," American Economic Review, American Economic Association, vol. 101(1), pages 1-8, February.
  10. Benjamin F. Jones, 2009. "The Burden of Knowledge and the "Death of the Renaissance Man": Is Innovation Getting Harder?," Review of Economic Studies, Oxford University Press, vol. 76(1), pages 283-317.
  11. Gourieroux Christian & Monfort Alain & Trognon A, 1982. "Pseudo maximum lilelihood methods : applications to poisson models," CEPREMAP Working Papers (Couverture Orange) 8203, CEPREMAP.
  12. David N. Laband & Robert D. Tollison, 2003. "Dry Holes in Economic Research," Kyklos, Wiley Blackwell, vol. 56(2), pages 161-173, 05.
  13. Laband, David N & Piette, Michael J, 1994. "Favoritism versus Search for Good Papers: Empirical Evidence Regarding the Behavior of Journal Editors," Journal of Political Economy, University of Chicago Press, vol. 102(1), pages 194-203, February.
  14. Joshua S. Gans & George B. Shepherd, 1994. "How Are the Mighty Fallen: Rejected Classic Articles by Leading Economists," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 165-179, Winter.
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