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

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Author Info

  • John Gibson

    ()
    (University of Waikato)

  • John Tressler

    ()
    (University of Waikato)

  • David L. Anderson

    ()
    (Queen's University)

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.

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File URL: ftp://mngt.waikato.ac.nz/RePEc/wai/econwp/0811.pdf
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Bibliographic Info

Paper provided by University of Waikato, Department of Economics in its series Working Papers in Economics with number 08/11.

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Length: 22 pages
Date of creation: 12 Aug 2008
Date of revision:
Handle: RePEc:wai:econwp:08/11

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Keywords: research assessment; PBRF; academic labor market; research quality;

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Cited by:
  1. David L. Anderson & John Tressler, 2013. "The New Zealand Performance Based Research Fund and its Impact on Publication Activity in Economics," Working Papers in Economics 13/03, University of Waikato, Department of Economics.
  2. David L. Anderson & John Tresler, 2008. "An Analysis of New Zealand Economists' Research Output 2000-2006," Working Papers in Economics 08/20, University of Waikato, Department of Economics, revised 31 Dec 2008.
  3. David L. Anderson & John Tressler, 2009. "Ranking Economics Departments in Terms of Residual Productivity: New Zealand Economics Departments, 2000-2006," Working Papers in Economics 09/03, University of Waikato, Department of Economics, revised 05 Sep 2011.

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