IS THERE VALUE-ADDED FROM THE REVIEW PROCESS IN ECONOMICS - PRELIMINARY EVIDENCE FROM AUTHORS

Do referees employed by journals merely screen acceptable from unacceptable manuscripts or are they charged with an additional value-adding responsibility vis-à-vis the papers they review? Drawing from editorial correspondence provided by survey respondents, I address this question by examining the relationship between citations of published papers and comments provided by reviewers and editors. Referees' comments demonstrate a positive impact on subsequent citation of papers, while comments made by editors show no such impact. Value-adding by editors appears to derive principally from efficient matching of papers with reviewers. © 1990 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.