This paper analyses the interrelationship between perceived journal reputation and its relevance for academics’ work. Based on a survey of 705 members of the German Economic Association (GEA), we find a strong interrelationship between perceived journal reputation and relevance where a journal’s perceived relevance has a stronger effect on its reputation than vice versa. Moreover, past journal ratings conducted by the Handelsblatt and the GEA directly affect journals’ reputation among German economists and indirectly also their perceived relevance, but the effect on reputation is more than twice as large as the effect on perceived relevance. In general, citations have a non-linear impact on perceived journal reputation and relevance. While the number of landmark articles published in a journal (as measured by the so-called H-index) increases the journal’s reputation, an increase in the H-index even tends to decrease a journal’s perceived relevance, as long as this is not simultaneously reflected in a higher Handelsblatt and/or GEA rating. This suggests that a journal’s relevance is driven by average article quality, while reputation depends more on truly exceptional articles. We also identify significant differences in the views on journal relevance and reputation between different age groups.
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The H-index (see Hirsch 2005) is the maximum number n of articles that have been cited at least n times.
Note, however, that journal rankings based on impact factors are remarkably stable even if one removes the journals’ most heavily cited articles from the count (see Seiler and Wohlrabe 2014).
We replaced Australian Journal of Agricultural Economics, Die Weltwirtschaft, Hamburger Jahrbuch für Wirtschafts- und Gesellschaftspolitik, Homo Oeconomicus, Jahrbuch für Neue Politische Ökonomie, Public Finance Quarterly, Public Finance, RWI-Mitteilungen, and Swedish Economic Policy Review, as most of them ceased to exist, by American Economic Journal: Applied Economics, DIW-Wochenbericht, Economics-The Open-Access Journal, ifo Schnelldienst, International Organization, Journal of the European Economic Association, Nature, Public Finance Review, and Science.
The log-odds transformation for a variable x is defined as log [x/(1 − x)].
For a more detailed analysis of the interrelationship between respondents’ evaluation of journals and journals’ rating in the journal rankings of the Handelsblatt and the GEA see Bräuninger et al. (2011b).
Note that the coefficients reported only represent the direct effect of each independent variable on Relevance or Reputation. However, as already explained in the case of the 2SLS estimation, calculating the total effects would involve plugging Eq. (1) in Eq. (2) (and vice versa) and successively solving for each variable. In the context of the FRM model, this implies plugging a normal density function into the exponential part of another normal density function. However, in this paper, we refrained from calculating the total effects for the FRM model for two reasons. First, solving the resulting equations for each variable is analytically not tractable anymore. Second, due to the nonlinear nature of the estimation equation, the total effect of each variable would still depend on the value of all other independent variables which, in turn, impedes a meaningful interpretation of the total effects.
We conducted some additional tests to explore why German economists consider journals with a high H-index less relevant for their daily work. First, we re-estimated the regression models while excluding Nature and Science, both of which have very high H-indices while receiving below-average ratings in terms of relevance. Secondly, we also interacted H-index with a dummy variable indicating whether or not the journal primarily focuses on statistics and econometrics to test whether the negative effect of the H-index can be attributed to econometric journals which have high H-indices due to the publication of methodological landmark articles but which might otherwise not be very relevant for many economists. However, in both cases, the negative coefficient estimate for H-index persisted.
Note that neither the Handelsblatt- nor the GEA-rating were available when Bräuninger and Haucap conducted their survey. Also the H-index was only invented in 2005 (see Hirsch 2005).
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We would like to thank all economists who participated in our survey. Moreover, we thank Elisabeth Flieger, Susanne Schäfers and Olaf Siegert (all of ZBW—Leibniz-Informationszentrum Wirtschaft) for their excellent support in conducting the survey and assembling the data. For comments and very useful discussions we thank Michael Bräuninger, Florian Heiß and two anonymous referees.
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Haucap, J., Muck, J. What drives the relevance and reputation of economics journals? An update from a survey among economists. Scientometrics 103, 849–877 (2015). https://doi.org/10.1007/s11192-015-1542-5
- Economic journals
- Academic journals
- Fractional response models