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Do Research Assessment Exercises Raise the Returns to Publication Quality? Evidence from the New Zealand Market for Academic Economists

John Gibson, John Tressler () and David Anderson

Working Papers in Economics from University of Waikato

Abstract: Many countries have introduced research assessment exercises to help measure and raise the quality of research in their university sector. But there is little empirical evidence on how these exercises, such as the Quality Evaluation of the Performance Based Research Fund (PBRF) in New Zealand and the recently aborted Research Quality Framework (RQF) in Australia, affect the signals that researchers observe in the academic labour market. Since these assessments aim to raise research quality, individual academics should perceive rising returns to publication quality at the expense of the returns to quantity. Data we collected on the rank and publication records of New Zealand academic economists prior to the introduction of the PBRF and just after the second assessment round are used to estimate the changing returns to the quantity and quality of journal articles.

Keywords: research assessment; PBRF; academic labor market; research quality (search for similar items in EconPapers)
JEL-codes: I2 J5 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2008-08-12
New Economics Papers: this item is included in nep-edu, nep-lab and nep-sog
References: Add references at CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:wai:econwp:08/11

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