Research Assessment Exercise Results and Research Funding in the United Kingdom: A Comparative Analysis

Monojit Chatterji and Paul Seaman

Education Economics, 2006, vol. 14, issue 3, pages 259-279

Abstract: A considerable sum of money is allocated to UK universities on the basis of Research Assessment Exercise performance. In this paper we analyse the two main funding models used in the United Kingdom and discuss their strengths and weaknesses. We suggest that the benchmarking used by the two main models have significant weaknesses, and propose an alternative benchmark. It is shown that the different models have quite different implications for the focus of UK research.

Keywords: Education; research funding; funding councils (search for similar items in EconPapers)
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