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Fifteen Years of a PBRFS in New Zealand: Incentives and Outcomes
Author(s) -
Buckle Robert A.,
Creedy John,
Ball Ashley
Publication year - 2021
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/1467-8462.12415
Subject(s) - incentive , quality (philosophy) , identification (biology) , political science , accounting , business , economics , philosophy , botany , epistemology , biology , microeconomics
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 .