The Performance Based Research Fund in NZ: Taking Stock and Looking Forward

Abstract

This paper draws on earlier research by the authors to review changes in research quality in New Zealand universities since the introduction of the Performance Based Research Fund (PBRF) in 2003. The changes are related closely to the incentives created by the scheme, and are associated with the nature of the considerable staff turnover that has taken place over the 15-year period during which it has operated. The precise funding formulae used, relating to the research funds attached to different discipline groups and quality categories, involve political judgements and are not considered here. However, a review of the changed nature of universities and the details of the evaluation process suggest that substantial simplifications could usefully be made while maintaining incentives that are at the heart of any PBRF.