An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers
Version of Record online: 12 JAN 2007
Volume 74, Issue 293, pages 21–31, February 2007
How to Cite
OSWALD, A. J. (2007), An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers. Economica, 74: 21–31. doi: 10.1111/j.1468-0335.2006.00575.x
- Issue online: 12 JAN 2007
- Version of Record online: 12 JAN 2007
- Final version received 17 September 2006.
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.