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An examination of the reliability of prestigious scholarly journals: evidence and implications for decision-makers

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Oswald, Andrew J. (2006) An examination of the reliability of prestigious scholarly journals: evidence and implications for decision-makers. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.744).

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Abstract

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. This paper’s results 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.

Item Type: Working or Discussion Paper (Working Paper)
Subjects: Z Bibliography. Library Science. Information Resources > ZA Information resources
L Education > LB Theory and practice of education > LB2300 Higher Education
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): Research Assessment Exercise (Great Britain), Universities and colleges -- Finance, Periodicals -- Publishing, Government aid to higher education, Research -- Evaluation
Series Name: Warwick economic research papers
Publisher: University of Warwick, Department of Economics
Place of Publication: Coventry
Official Date: 3 April 2006
Dates:
DateEvent
3 April 2006Published
Number: No.744
Number of Pages: 14
Institution: University of Warwick
Status: Not Peer Reviewed
Access rights to Published version: Open Access (Creative Commons)

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