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Wednesday, May 23, 2012

Economic Disclosure

The American Economic Association has published a new disclosure policy for authors of papers submitted to its various journals.  Although the policy was developed out of concerns that there may be at least the perception of potential hidden bias among economists absent such disclosures, the rules may be of interest to other academic disciplines. Highlights:

American Economic Association Disclosure Policy

(1) Every submitted article should state the sources of financial support for the particular research it describes. If none, that fact should be stated.

(2) Each author of a submitted article should identify each interested party from whom he or she has received significant financial support, summing to at least $10,000 in the past three years, in the form of consultant fees, retainers, grants and the like. The disclosure requirement also includes in-kind support, such as providing access to data. If the support in question comes with a non-disclosure obligation, that fact should be stated, along with as much information as the obligation permits. If there are no such sources of funds, that fact should be stated explicitly. An “interested” party is any individual, group, or organization that has a financial, ideological, or political stake related to the article.

(3) Each author should disclose any paid or unpaid positions as officer, director, or board member of relevant non-profit organizations or profit-making entities. A “relevant” organization is one whose policy positions, goals, or financial interests relate to the article.

(4) The disclosures required above apply to any close relative or partner of any author.

(5) Each author must disclose if another party had the right to review the paper prior to its circulation.

(6) For published articles, information on relevant potential conflicts of interest will be made available to the public.

More detail is in the full document at:
http://www.aeaweb.org/aea_journals/AEA_Disclosure_Policy.pdf

It's tough to be an academic economist with all of these rules:  
video

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