Abstract
The Performance Based Research Fund (PBRF) system introduced to the New Zealand tertiary sector in 2003 will reallocate some public funding to universities from a student enrolments basis to criteria partially based on the past research output performance of the universities. This paper uses the PBRF research quality scores as input to an analysis of the overall cost efficiency of the eight NZ universities. We find that performance differs markedly across the sector. We find that total research output could be increased by reallocating funding between the universities, but that the actual PBRF funding system will realise only a small proportion of the potential improvements. We raise concerns about the long‐run implications of the new policy regime.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
