[Forum SIS] FDS Seminar: Giulia Iori from the City University of London - 5th November 2.30-3.30 pm

[datascience a unifi.it]

Dear all,  

The Florence Center for Data Science is happy to invite you again to the
seminar on "_Performance-based research funding: Evidence from the
largest natural experiment worldwide_" which is going to be held online
Friday 5TH OF NOVEMBER 2021, from 2.30-3.30 PM.

The seminar will be held by Giulia Iori from the Department of Economics
of the City University of London.  

Register for this webinar:
https://us02web.zoom.us/webinar/register/WN_M2w6xh0yT9OMKGcqNztFpw 

After registering, you will receive a confirmation email containing
information about joining the webinar.

We hope to see you there! You are invited to invite also your students,
PhDs and colleagues who may be interested in the Seminar.

Kind Regards,
Florence Center for Data Science 

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SPEAKER: Giulia Iori - Department of Economics of the City University of
London
Title: _Performance-based research funding: Evidence from the largest
natural experiment worldwide_

Abstract: The Research Excellence Framework (REF) is the main UK
government policy on public research in the last 30 years. The primary
aim of this policy is to promote and reward research excellence through
competition for scarce research resources. Surprisingly, and despite the
severe criticisms, little has been done to systematically evaluate its
effects. In this paper, we evaluate the impact of the REF 2014. We
exploit a large database that contains all publications in Economics,
Business, Management, and Finance available in Scopus since 2001. We use
a synthetic control method to compare the performance of each of the
universities from the UK with counter-factual similar units in terms of
past research constructed using data for US universities. We find a
significant positive increase, relative to the control group, in the
number of published papers, and in the proportion of papers published in
highly ranked journals within the Economics/Econometrics area and the
Business, Management and Finance area. Both Russell and non-Russell
Group universities benefited from the REF, with the Russell Group
universities experiencing an overall significant increase in the number
of publications and number of publications in top journals, and the
non-Russell group experiencing a significant increase in the proportion
of publications in top journals in all areas. Interestingly, the
non-Russell group experienced a comparatively stronger increase in the
proportion of top publications in Economics/Econometrics while the
Russell Group experienced a comparatively stronger increase in the
proportion of top publications in Business, Management and Finance.
However, we see an insignificant effect when we focus on per-author
output measures indicating that growth in output was mostly achieved by
an increase in the number of research active academics rather than an
overall increase in research productivity.
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