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

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dc.contributor.author Buckle, Robert A.
dc.contributor.author Creedy, John
dc.contributor.author Ball, Ashley
dc.date.accessioned 2021-02-24T02:17:49Z
dc.date.accessioned 2022-07-12T02:55:16Z
dc.date.available 2021-02-24T02:17:49Z
dc.date.available 2022-07-12T02:55:16Z
dc.date.copyright 2020
dc.date.issued 2021
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/21105
dc.description.abstract This paper examines the transformation of New Zealand universities following the introduction in 2003 of the Performance-Based Research Fund System (PBRFS), which assesses performance quality using a peer-review process, and allocates funds based on individual researcher performance. The analysis, based on a social accounting framework, utilises longitudinal researcher data available from the three full assessment rounds, in 2003, 2012 and 2018. The longitudinal data enable identification of entry, exit and quality transformation of researchers and their contribution to changes in university and discipline research quality. The dynamics are found to be closely related to the new incentives created by the assessment system According to the quality metric used by the PBRFS, the research quality of NZ universities increased substantially over the period, although the rate of increase was much slower during the second period, 2012 to 2018, and considerable heterogeneity across universities and disciplines was revealed. Much of the improvement can be attributed to the high exit rate of lower-quality researchers. New entrants consistently reduced the average quality of all groups, reflecting the difficulty of recruiting high-quality researchers. Changes in the discipline composition of universities made a negligible contribution compared to improvements in the quality of the stock of researchers. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries Working Papers in Public Finance ; 08/2020 en_NZ
dc.subject Performance-Based Research Funding Systems en_NZ
dc.subject Policy evaluation en_NZ
dc.subject Research quality en_NZ
dc.subject Social Accounting Framework. en_NZ
dc.title Fifteen Years of a PBRFS in New Zealand: Incentives and Outcomes en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Accounting and Commercial Law en_NZ
vuwschema.subject.anzsrcfor 140204 Economics of Education en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 380104 Economics of education en_NZ
dc.rights.rightsholder www.victoria.ac.nz/sacl/about/cpf en_NZ

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