A Review of National University Research Evaluation and Funding Systems
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This paper aims to provide an overview of performance-based funding systems for public research in research intensive universities. It explores the types of performance-based funding systems in use, their rationale, goals and features. The design and administration of the systems is also examined, specifically, the level of consultation and negotiation that takes place with the tertiary institutions, and how the funding systems interact with other facets of the funding environment. Finally the paper explores the arguments that have emerged for and against the different types of funding systems, and whether any consensus is emerging as to a state-of-the-art system.