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

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  • Buckle, Robert A
  • Creedy, John

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.

Suggested Citation

  • Buckle, Robert A & Creedy, John, 2022. "The Performance Based Research Fund in NZ: Taking Stock and Looking Forward," Working Paper Series 21354, Victoria University of Wellington, Chair in Public Finance.
    • Handle: RePEc:vuw:vuwcpf:21354
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    File URL: https://ir.wgtn.ac.nz/handle/123456789/21354
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    References listed on IDEAS

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    1. Robert A. Buckle & John Creedy & Ashley Ball, 2021. "Fifteen Years of a PBRFS in New Zealand: Incentives and Outcomes," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 54(2), pages 208-230, June.
    2. Bikram Chatterjee & Carolyn J. Cordery & Ivo De Loo & Hugo Letiche, 2020. "The spectacle of research assessment systems: insights from New Zealand and the United Kingdom," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 33(6), pages 1219-1246, April.
    3. Robert A. Buckle and John Creedy, 2018. "The Impact on Research Quality of Performance-Based Funding: The Case of New Zealand’s PBRF Scheme," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 24(1), pages 25-48.
    4. Joseph Gerald Hirschberg & Jeanette Ngaire Lye, 2020. "Grading Journals In Economics: The Abcs Of The Abdc," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 876-921, September.
    5. Robert A. Buckle & John Creedy, 2019. "The evolution of research quality in New Zealand universities as measured by the performance-based research fund process," New Zealand Economic Papers, Taylor & Francis Journals, vol. 53(2), pages 144-165, May.
    6. Robert A. Buckle and John Creedy, 2018. "The Impact on Research Quality of Performance-Based Funding: The Case of New Zealand’s PBRF Scheme," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 24(1), pages 25-48.
    7. Robert A. Buckle & John Creedy, 2019. "An evaluation of metrics used by the Performance-based Research Fund process in New Zealand," New Zealand Economic Papers, Taylor & Francis Journals, vol. 53(3), pages 270-287, September.
    8. Tim Hazledine & Cliff Kurniawan, 2005. "Efficiency of New Zealand universities and the impact of the performance based research fund," New Zealand Economic Papers, Taylor & Francis Journals, vol. 39(2), pages 153-179.
    9. Hicks, Diana, 2012. "Performance-based university research funding systems," Research Policy, Elsevier, vol. 41(2), pages 251-261.
    10. Robert A. Buckle & John Creedy & Ashley Ball, 2021. "Fifteen Years of a PBRFS in New Zealand: Incentives and Outcomes," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 54(2), pages 208-230, June.
    11. Bikram Chatterjee & Carolyn Cordery & Ivo de Loo & Hugo Letiche, 2020. "The spectacle of research assessment systems: insights from New Zealand and the United Kingdom," Post-Print hal-03746988, HAL.
    12. Robert A. Buckle & John Creedy, 2020. "The ‘disciplinary effect’ of the performance-based research fund process in New Zealand," New Zealand Economic Papers, Taylor & Francis Journals, vol. 54(2), pages 107-126, May.
    13. repec:eme:aaaj00:aaaj-01-2019-3865 is not listed on IDEAS
    14. Robert A. Buckle & John Creedy & Norman Gemmell, 2020. "Is external research assessment associated with convergence or divergence of research quality across universities and disciplines? Evidence from the PBRF process in New Zealand," Applied Economics, Taylor & Francis Journals, vol. 52(36), pages 3919-3932, July.
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    Keywords

    Research Quality; New Zealand; Performance Based Research Fund (PBRF); New Zealand Universities;
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