An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers
15 Pages Posted: 25 Apr 2006
Date Written: April 2006
In universities all over the world, hiring and promotion committees regularly hear the argument: this is important work because it is about to appear in prestigious journal X. Moreover, those who allocate levels of research funding, such as in the multi-billion pound Research Assessment Exercise in UK universities, often come under pressure to assess research quality in a mechanical way by using journal prestige ratings. The results in this paper suggest that such tendencies are dangerous. It uses total citations over a quarter of a century as the criterion. The paper finds that it is far better to publish the best article in an issue of a medium-quality journal like the Oxford Bulletin of Economics and Statistics than to publish the worst article (or often the worst 4 articles) in an issue of a top journal like the American Economic Review. Implications are discussed.
Keywords: citations, research productivity, economics journals, Research Assessment
JEL Classification: A11, O3
Suggested Citation: Suggested Citation