nep-sog New Economics Papers
on Sociology of Economics
Issue of 2012‒09‒22
two papers chosen by
Jonas Holmström
Swedish School of Economics and Business Administration

  1. An Investigation of Editorial Favoritism in the AER By Philip R. P. Coelho; James McClure
  2. The use of mathematics in economics and its effect on a scholar's academic career By Espinosa, Miguel; Rondon, Carlos; Romero, Mauricio

  1. By: Philip R. P. Coelho (Department of Economics, Ball State University); James McClure (Department of Economics, Ball State University)
    Abstract: This paper adds to the literature on the credibility of academic research by examining the hypothesis that the selection procedures of academic journals in economics favor submissions that frequently cite editorial insiders. We use procedures, a sample size, and methods that offset some of the limitations that accompanied previous investigations. Using the expanded sample and controls we find that citations to insiders in articles in the American Economic Review increased the frequency of citations in non-AER journals. The evidence is robust; our findings contradict those in previous research. Given our metric, sample, and procedures, we find no significant support for the hypothesis of editorial favoritism.
    JEL: A10 A14 B40
    Date: 2012–08
  2. By: Espinosa, Miguel; Rondon, Carlos; Romero, Mauricio
    Abstract: There has been so much debate on the increasing use of formal mathematical methods in Economics. Although there are some studies tackling these issues, those use either a little amount of papers, a small amount of scholars or cover a short period of time. We try to overcome these challenges constructing a database characterizing the main socio demographic and academic output of a survey of 438 scholars divided into three groups: Economics Nobel Prize winners; scholars awarded with at least one of six prestigious recognitions in Economics; and academic faculty randomly selected from the top twenty Economics departments worldwide. Our results provide concrete measures of mathematization in Economics by giving statistical evidence on the increasing trend of number of equations and econometric outputs per article. We also show that for each of these variables there have been four structural breaks and three of them have been increasing ones. Furthermore, we found that the training and use of mathematics has a positive correlation with the probability of winning a Nobel Prize in certain cases. It also appears that being an empirical researcher as measured by the average number of econometrics outputs per paper has a negative correlation with someone's academic career success.
    Keywords: Nobel Prize, Mathematics, Economics, Reputation
    JEL: N01 B3 C14 C81
    Date: 2012–09

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