Efficiency of New Zealand universities and the impact of the performance based research fund

Tim Hazledine and Cliff Kurniawan

New Zealand Economic Papers, 2005, vol. 39, issue 2, 153-179

Abstract: The Performance Based Research Fund (PBRF) system introduced to the New Zealand tertiary sector in 2003 will reallocate some public funding to universities from a student enrolments basis to criteria partially based on the past research output performance of the universities. This paper uses the PBRF research quality scores as input to an analysis of the overall cost efficiency of the eight NZ universities. We find that performance differs markedly across the sector. We find that total research output could be increased by reallocating funding between the universities, but that the actual PBRF funding system will realise only a small proportion of the potential improvements. We raise concerns about the long-run implications of the new policy regime.

Date: 2005
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00779950509558491 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:nzecpp:v:39:y:2005:i:2:p:153-179

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RNZP20

DOI: 10.1080/00779950509558491

Access Statistics for this article

New Zealand Economic Papers is currently edited by Dennis Wesselbaum

More articles in New Zealand Economic Papers from Taylor & Francis Journals
Bibliographic data for series maintained by ().