Fifteen Years of a PBRFS in New Zealand: Incentives and Outcomes

Robert Buckle (), John Creedy and Ashley Ball

Australian Economic Review, 2021, vol. 54, issue 2, 208-230

Abstract: This article examines the transformation of New Zealand universities following the introduction in 2003 of a performance‐based research fund system. The analysis, based on a social accounting framework, utilises longitudinal researcher data available from three full assessment rounds, in 2003, 2012 and 2018. This enables identification of the entry, exit and quality transformation of researchers and their contribution to changes in university and discipline research quality. Changes in the discipline composition of universities made a negligible contribution compared to improvements in the quality of researchers. The dynamics are closely related to the new incentives created by the system.

Date: 2021
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