Read e-book online A Century of American Economic Review: Insights on Critical PDF

By Benno Torgler, Marco Piatti (auth.)

ISBN-10: 1137333057

ISBN-13: 9781137333056

ISBN-10: 1349462047

ISBN-13: 9781349462049

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Extra resources for A Century of American Economic Review: Insights on Critical Factors in Journal Publishing

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This increased emphasis on research is evident not only in the United States, but also in many countries in Europe, as well as Canada, Australia, and several South American countries. In the United States and Canada the principal inducements have taken the form of reduced faculty teaching loads, marginally higher raises for faculty who publish in peer-reviewed journals, and financial support for conference travel; in other countries there has been a less pronounced decrease in faculty teaching loads, but there are pecuniary rewards to publishing” (161–2).

Diamond, Jr. (1986: 521), referring to Yoram Weiss and Lee L. Lillard (1982), points out that research articles can be interpreted as an investment in human capital, specifically as “investment in knowledge at the frontiers of the discipline. Such human capital, especially at major research graduate universities, increases a scientist’s productivity in the activities directly demanded by the university such as teaching, fundraising, administration, and the gate-keeping activity of peer review. Life-cycle human capital investment models imply that as a scientist ages, his investment in human capital will decline for two reasons.

Economists’ input may or may not have an impact; and it may raise or lower social welfare. 1057/9781137333056 3 Cooperation, Coauthorship and Alphabetical Name Ordering Abstract: Our analysis shows that between 1911 and 1920, 99 per cent of the papers were single-authored, but that number had decreased to only 28 per cent by the 2001–10 period. Today, close to 50 per cent of contributions are the result of cooperation between two authors, and the number of contributions listing two or more authors has increased, suggesting that division of labour has become more important.

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A Century of American Economic Review: Insights on Critical Factors in Journal Publishing by Benno Torgler, Marco Piatti (auth.)


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